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Results (10,000+)
Douglas Skipworth Do you track your net worth?
22 April 2024 | 39 replies
I do that personally...and my employer does it as well. 
Scott Trench What’s Worse? Capital Call? Rescue Preferred Equity? Or Foreclosure
23 April 2024 | 30 replies
Or what about the syndicator who did purchase the multi-family building in your narrow investment thesis  and did bet wrong on rates but a major employer just announced significant relocation to the municipality where the apartment building is located or a restrictive zoning overlay was just enacted making it difficult to add new density or maybe its the new commercial development just anounced that is anchored by a wholefoods and exciting nightlife exeriences a block away. 
Hannah Potter When to hire a CPA?
19 April 2024 | 15 replies
This includes individuals who primarily have W-2 income from employment, basic investment income, and perhaps own a home or have standard deductions.Rental Property: If you have one or two rental properties and feel comfortable managing the related expenses and deductions, tax software can handle this level of complexity, especially if your transactions are straightforward and well-documented.Complex Scenarios: Hiring a CPAWhen to Consider: As your financial life becomes more complex—such as owning multiple rental properties, running a business, dealing with investment incomes, or having special tax considerations (like inheritance or foreign income)—the benefits of hiring a CPA increase.Cost Consideration: Hiring a CPA typically costs at least $1,000 to file your taxes, which can increase based on the complexity of your return.
Jinesh Patel Tax advise for high earner w2 couple.
18 April 2024 | 4 replies
It's important to consult with a tax professional who can advise on how these strategies align with your overall financial situation, especially considering your full-time employment and income structure.Moreover, as your portfolio grows, and particularly if one spouse can transition away from W2 employment, the landscape of your income and tax liabilities shifts.
Faisal Zaman Is there any service that I can use for tenant income and asset verification?
18 April 2024 | 2 replies
So far I have check TransUnion smartmove which only does based on self reported income, but I am looking for verification from the employer itself.. 
Yong Jin Lee ?: Tax Deduction on people who are on W2 and do the rental property Investing
18 April 2024 | 3 replies
Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.
Yue Tian AirBnb Expense Writeoff
18 April 2024 | 3 replies
Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.
Michael Potorti Purchasing Rental Properties in Columbus OH
18 April 2024 | 18 replies
Census data - median household income, employment stats, bachelors degree percentages, crime, vacancy rates, appreciation2.
Lily Rodriguez Maximum Cash Flow with Creative RE Strategies in Charlotte, NC
18 April 2024 | 0 replies
In Charlotte, neighborhoods like Plaza Midwood, NoDa, and South End offer excellent opportunities for house hacking due to their popularity among renters and proximity to amenities and employment centers.
Mary Kenney Buying first house out of state
18 April 2024 | 7 replies
If you are self-employed or cannot qualify conventional, you can use non-QM programs.