The IRS doesn't trust you to report accurate information, so the 1099 from the property manager is checked against your filing.Any company that does more than $600 in business with you should issue a 1099.

If we include investments in mortgage loans (trust deeds), real estate partnerships, REITs as well as direct property ownership, I’m at about 80%.  

And they'll want you to pay off the loan pretty soon (and usually will you as the rate will probably be higher than banks) so there's that too.For this reason, we definitely prefer private lenders as they will (if you've built trust with them) often lend on the rehab too.

@Jeff Calcaterra Trust but verify!

Hi all, my LTR (Boston, built in the 1930's) has some cracks in the basement walls that I didn't think were too serious (owned for 10y, some water and flaking but mostly dry). A new owner in the condo building is worr...

They might only skim an inspection report and trust me to find issues.

Property Tax Savings: Tribal land held in trust is generally exempt from state property taxes, especially if the land remains tribally owned or leased under long-term agreements.2.

She originally asked for 2 balloon payments.

.- If you decide to have an LLC for each property, creating a Management LLC that all the other LLCs "hire" to run their books, will allow you to only require a bank accont for the Management LLC.2) You may not be able to do a Trust.

Pro Tip: Use a simple landing page to promote your lead magnet, making it easy for sellers to download it in exchange for their contact information.Why It Works:Providing value upfront builds trust and gets motivated sellers into your pipeline faster.2.