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1 February 2025 | 1 reply
Then what happens is the lender reports your payment history to the credit bureaus and each time hereafter if you ask for another loan and the lender pulls your credit then they are going to see your payment history and whether you made your loan payments or not which will likely influence whether or not they lend you money.
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9 February 2025 | 173 replies
Docs included are inspection report, house canary value report, insurance quote, but no disclosure form.
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12 February 2025 | 4 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
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28 January 2025 | 4 replies
Reporting the proceeds you pay to seller on a 1099 sounds reasonable.
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18 February 2025 | 8 replies
I own and invest in Birmingham and would be happy to connect to share insights and introduce you to contacts in my network.I also work for a local property management company that serves many out-of-state investors.If you come across any properties, I’d be happy to provide rental analysis reports based on comparable rentals to help you evaluate potential investments.Looking forward to connecting!
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29 January 2025 | 4 replies
Rent payments from the medical LLC are fully deductible as a business expense, while the property-owning LLC will report the rent as taxable income, which can be offset by deductions for expenses like mortgage interest, property taxes, maintenance, and depreciation.To ensure compliance, document how FMV was determined—using market comparisons, an appraisal, or similar data—and draft a formal lease agreement outlining the terms, rent amount, and responsibilities.
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21 February 2025 | 245 replies
And your relying on 3rd party reporting.
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9 February 2025 | 3 replies
When you have multiple responsible adults sharing a house, if one "bad egg" slips in then you have the others renters to kick them out or report them.
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16 February 2025 | 10 replies
The reports on TikTok of doge and all these homes hitting h to r market is a joke - clearly people have never sold a home posting those as it's near impossible to get a home ready to sell in a week or two.
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29 January 2025 | 0 replies
Bureau of Labor Statistics and Texas Workforce Commission, Texas was reported to have the highest rate of job creation through 2024.