Gabriel Sastre
Safety and security of rental
15 November 2024 | 1 reply
Each time reported to local pd which is surprising only two blocks away.
Brennan Vaughn
managing properties with Doorloop software
15 November 2024 | 10 replies
If you have had issues with DoorLoop would also like to hear those as well.Thanks in advance.
Kim A.
Finding Flip Deals
20 November 2024 | 25 replies
Michael, I appreciate your report-back here.
Sandhya Gorman
National Association of Residential Property Managers (NARPM)
23 November 2024 | 8 replies
Thanks in advance!
David Cherkowsky
Do I need a partnership LLC to depreciate and write off expenses on a rental property
17 November 2024 | 30 replies
So very important to still report them on your tax return!
Greg Seivert
How much in tax deductions should I really take
21 November 2024 | 2 replies
You are required to file a complete and accurate return, which means reporting the income that you earned along with atleast the direct expenses that you incurred on your rental.There are two comflicting forces - Your tax accountant wants to be aggressive with deductions because it will entitle you to paying less taxes(now or in the future).Your lender wants to see as much income as that will increase your Debt to Income Ratio(DTI).The good thing is that you can speak with your lender about 'one time expenses', that were only incurred in that year and are not reoccuring.
Sara Valentine
Filing a BOI report???
9 November 2024 | 1 reply
I have had several Colorado LLCs (single member LLCS with one single family residential rental per LLC, so very small-time) for a decade, and always file my periodic report so am in good standing with the Colorado Secretary of State, but have only just heard that I need to file a BOI report before the end of the year.
Adrian Chu
THE ULTIMATE SEATTLE HOUSE HACK (no, it is not renting out rooms)
24 November 2024 | 18 replies
Thank you in advance!
Tiffany Da Silva
Advice needed on real estate LLC business banking & Organization
21 November 2024 | 6 replies
We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.
Jay Hurst
What goes into cash to close? What are closing costs and what are pre-paid items?
22 November 2024 | 1 reply
These can be further broken down into lender closing costs and third party closing costs.Thelender closing costs can include underwriting fee, processing fee, funding fee, origination fee, credit report fee, and tax service fee among others.