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23 November 2024 | 1 reply
Skipping ahead many months, I'm happy to report that half of the equity wiped out by the lien was recovered which made a big difference for these folks who were looking to retire.We purchased the house when my wife was 8 months pregnant.
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19 November 2024 | 10 replies
See how is renting and how much they are renting along with consistency!
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22 November 2024 | 15 replies
They learn after a while not to bother me with trivial junk which is what most tenant issues consists of with "needy" types.
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20 November 2024 | 15 replies
Mainly because home inspectors already have tools and systems for quickly generating thorough inspection reports to help you negotiate credits, concessions, and/or price reductions.
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19 November 2024 | 1 reply
While the specifics aren’t fully transparent, consistent negative feedback could impact a listing's visibility.
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20 November 2024 | 4 replies
Also, for a general partnership, how do we report the taxes.
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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.
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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.
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22 November 2024 | 12 replies
This way, they are no longer on the P&L and are now on the balance sheet as inventory when you run the report for that year.
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26 November 2024 | 22 replies
My gut tells me that Homeland Security was one of the agencies he reported the “alleged” fraud to, and anything further was wishful thinking on his part.