Alex Withorn
How do you decide on which lender to use?
31 August 2024 | 6 replies
There's a lot of lenders that will make you feel stupid or won't explain to you in simple terms.
Natalia Davis
My roommate paying me for the room, is considered income?
31 August 2024 | 7 replies
@Natalia DavisI’d just keep it simple and collect cash.
Zehua Zhou
Fidelity won't open the business account for my LLC
31 August 2024 | 5 replies
Try to always remember and apply the KISS principle (keep it simple).
John Appleseed
Can anyone tell me if they've used DeferAlly for a 1031 Exchange?
28 August 2024 | 3 replies
The first tenet of the 1031 exchange is that you cannot DIY a 1031 exchange.
NA Reddy
Would I benefit from an LLC if I invest in RE thru Syndications
31 August 2024 | 12 replies
From an income tax perspective, the LLC provides you with absolutely no benefit.Even from a "anonymity" perspective - if that is a Single Member LLC, the K-1 from those syndicates is still required by the IRS to be issued directly to the beneficial owner - you.If you don't make it a single member LLC, say your spouse is also a member, now you have a partnership tax filing - if it holds a number of LLC interests, it is now a partnership filing that is a pain to file to roll all of those activities in and report it on to your personal returns.In short...most likely it is best to keep it simple.
Matthew Sarro
How necessary is a history of personal financial statements for a lender?
3 September 2024 | 20 replies
However, a personal financial statement can give you a clear picture of your assets, liabilities, and net worth, which could make the loan process smoother and quicker.If you’re not in a rush, you might consider setting up a simple personal financial statement in a spreadsheet.
Devid Brodsky
First-time home buyer. Is 600k too much on an 85k salary alone?
31 August 2024 | 22 replies
The math on this is simple as others have alluded to.
Rajagopalarao Paidi
How to know my property a good candidate for ABNB
30 August 2024 | 6 replies
SIMPLE!
Caleb Brown
Best Bang for Your Buck?
28 August 2024 | 2 replies
Landscaping ranges cheap, DIY to expensive.
Travis Bobo
is this a scam or legit?
2 September 2024 | 34 replies
I'll just ask a simple question....