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7 December 2024 | 7 replies
I wouldn't worry too much about it, if you have a competent CPA or bookkeeper they should be able to review your books and within minutes have a strong grasp on who gets a 1099 (spoiler alert, not every contractor gets one, I'll be annoyed if I get one since I'm structured as an S corporation) and the amounts to report.1099 filings are usually a loss leader for us, so if you're working with a professional make sure you take advantage of them filing everything for you.
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7 December 2024 | 13 replies
@Brandon Eike, on an investment property, most lenders will max out their loan at 75% LTV, which doesn't cover transaction costs, which are usually 5%-8% of the purchase price.
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2 December 2024 | 29 replies
But really it's about knowing the right furnishings, photos and listing description/headline to best position yourself.
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6 December 2024 | 12 replies
The short answer: YES, you usually need to send 1099s if you're a landlord, regardless of the number of units.The confusion comes from the fuzzy definitions of "running a trade or business."
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10 December 2024 | 26 replies
Anyways, they are usually in the cocktail area outside the conference room.
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9 December 2024 | 16 replies
Prepayment penalties- usually 1-5 year terms.
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5 December 2024 | 5 replies
@Ahmed Moustafa usually the loan servicer has the say with regards to a waiting period.
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4 December 2024 | 4 replies
Quote from @Addy Chupa: When analyzing deals, I usually include a 5% vacancy factor and 5% repair factor based on annual rent.
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9 December 2024 | 21 replies
I don't usually get in my car at all after arriving at the Disney property.
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5 December 2024 | 2 replies
I’ve had experience with both traditional and private construction loans, and here’s my take:Traditional Lenders: The process can be slower with more paperwork and stringent requirements, but they usually offer lower interest rates.