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18 October 2024 | 8 replies
In your case, with a history of passing audits and having a CPA who is experienced in IRS representation, you're in a strong position should an audit occur.Regarding audit statistics, the IRS generally audits fewer than 0.5% of individual returns, with even lower rates for those earning under $1 million annually.
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15 October 2024 | 12 replies
You can also just elect to refinance all the loans individually but with the same lender.
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15 October 2024 | 8 replies
Any time someone makes a recommendation and they are rewarded if someone else believes and acts on their recommendation, story, etc. it is by definition a “biased” recommendation.
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14 October 2024 | 0 replies
On the day of closing, we drove Anna and her son to finalize the sale, then immediately took them to the airport to catch their flight to Las Vegas.The most rewarding part of this experience came at the airport when Anna hugged us, crying tears of joy.
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15 October 2024 | 5 replies
Haven't had to worry about this yet but I hear it makes it impossible to evict if you accept even a partial payment so I'm glad I can choose my settings to only accept full payments•I can set up rent disbursements from different properties to go to different bank accounts for bookkeeping purposes that's niceCons•My only big complaint is that I cannot set up a general application link, I have to use the RentRedi portal to send an email to "invite" individuals to apply one-by-one.
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16 October 2024 | 4 replies
C-corps often aren’t ideal due to double taxation (on both corporate and individual levels).This post does not create a CPA-Client relationship.
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16 October 2024 | 25 replies
Expanding into the US residential market can be a rewarding opportunity, especially with your focus on cash flow and capital appreciation.Given your interest in properties that yield positive cash flow while also offering capital appreciation potential, I'd like to introduce you to a financing option specifically designed for foreign investors like yourself: Debt Service Coverage Ratio (DSCR) loans.
15 October 2024 | 4 replies
We are actively searching for firms or individuals who specialize in property sourcing, as well as those who offer risk analysis/advisory services.The markets we are focusing on for purchasing are Georgia, Florida, Texas, and Michigan.
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15 October 2024 | 2 replies
Your project is quite interesting, and balancing risk with reward is key.
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11 October 2024 | 2 replies
Jim invested in a small apartment complex, and within two years, not only did the property's value appreciate significantly, but the rental income also provided a steady cash flow.Real estate offers a level of control and tangible value that can be really rewarding.