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19 January 2025 | 46 replies
Corporate Income Tax are 24%, however banks and insurances companies are higher with an additional 3.5% Mortgage in ItalyIt's also important to note that there are no Mortgage companies here, everything is done with 1 of the very few banks here.
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12 January 2025 | 1 reply
Hello all, Has anyone either used or heard about a company called HouseCashin or Real Estate Bees?
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11 January 2025 | 20 replies
I think most people are content with a decent tv in a comfy living room.
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14 January 2025 | 3 replies
It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.
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16 January 2025 | 5 replies
This one was strange because I ended up splitting the companies and partners involved in the deal so we liquidated halfway through the project.
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16 January 2025 | 12 replies
This is a question on refinancing- If I own a property in a Llc company with lots of equity, I refinance, that money is classed as tax free as it’s a loan/debt?
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13 January 2025 | 1 reply
About 3 months have gone by and we just received an email from a communications company billing us $4,000 for breaking a communication line buried in the yard.
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15 January 2025 | 13 replies
This service is provided by several authorized 3rd party companies.2024 update: If you file more than 10 1099s, you MUST eFile them now.Here are some of the online 1099 filing companies, and you can easily find others:tax1099.comWageFiling.com1099online.comThese companies charge under $5 per form.
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7 January 2025 | 11 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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21 January 2025 | 40 replies
Was curious if anyone had a final solution to help on the accounting side of everything.I use QBO for my other company (marketing agency) but hate it and it's not built for RE.