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4 June 2024 | 13 replies
In my experience you won't be able to get approval from the governing jurisdiction unless you are the property owner or have the permission of the property owner to file and get a preliminary plat approved.
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2 June 2024 | 8 replies
The government has a program in place that covers 70% of the housing costs for approved migrants, leaving the migrants to cover the remaining 30%.
4 June 2024 | 3 replies
While these properties look attractive on paper, tenant nonperformance and maintenance costs can quickly wipe out cashflow.Many investors think Section 8 is the cure-all for these challenges - failing to realize that S8 comes with it's own challenges - what QUALITY of tenants qualify for government handouts?
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2 June 2024 | 18 replies
You subtract your $400k purchase price and your profit is $180k, (maybe $40k in federal taxes?)
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3 June 2024 | 14 replies
Unless Uncle Sam has collected his and the income has been federally declared, it does not exist in the STR world which is why you are having an issue using it now.
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4 June 2024 | 23 replies
The government put a temperature limit on them so you can hardly boil water.
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3 June 2024 | 8 replies
If for some reason you didn't claim the income and didn't file a schedule E, then the government would have no idea you rented the space.
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2 June 2024 | 9 replies
So they’ll owe about $60k and you’ll owe about $26k in federal taxes.
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31 May 2024 | 3 replies
(g) Any federal Internal Revenue Service liens that, pursuant to provisions of federal law, are not discharged by the sale, even though the tax collector has provided proper notice to the Internal Revenue Service before that date.
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4 June 2024 | 221 replies
Believe me.... with the way our government is operating, $100K in premiums paid today is going to seem a lot less ten years from now.