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20 August 2024 | 4 replies
If you filed taxes on that property under ABC LLC you still can issue the K1s and state that there was a sales event.
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19 August 2024 | 14 replies
they do ... on principal residences only. ;-(
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20 August 2024 | 4 replies
If they don't respond, file in Small Claims to get their attention.
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19 August 2024 | 3 replies
It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors: https://www.biggerpockets.com/files Good luck investing.
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20 August 2024 | 2 replies
This form is sent to the borrower, investor, and the summary form is sent to the IRS.Other fee for services may include door knocking, bankruptcy research and filing of proofs of claim, providing credit reports, workouts with borrowers, loan modifications, short sales, REO (Real Estate Owned) management, inspection services, foreclosure management, etc.SERVICER OF RECORD OPTIONA servicing company may also offer you the opportunity to do your own workouts with the borrower while using their license as “insurance” (this is what we meant by “insurance reasons”).
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20 August 2024 | 15 replies
But if you have a good rep, you should be able to close files in 15 days.
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19 August 2024 | 5 replies
@John N CookI don't have much experience with ROBS... but the C-Corp requirement will mean that your C Corp has to file and pay its own taxes - unlike a Single Owner LLC, which can file within your personal tax return.
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22 August 2024 | 21 replies
From the we told you so file.
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20 August 2024 | 2 replies
While I am aware that an SBA loan is an option, I am considering alternatives as we have not yet filed our 2023 taxes and may not do so before applying for this loan.
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18 August 2024 | 3 replies
Expectedly, lenders will qualify the borrower based on the principal and interest payments of the twenty year amortization at the qualified interest rate (usually prime plus 3-4%).