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3 August 2024 | 7 replies
Now that I own rentals my debt cycles with winter fuel and sometimes remodels being put on a credit card.
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1 August 2024 | 1 reply
Wasnt planning on raising the rent, but with last minute things now Im deciding to raise the rent.
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2 August 2024 | 19 replies
I would like to keep the number (biz cards etc...) but I am not stuck to it.
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3 August 2024 | 16 replies
Under the IRS rules, a person qualifies as a real estate professional if: (1) more than one-half of the personal services the taxpayer performs in trades or businesses during the tax year are in real property trades or businesses in which the taxpayer materially participates, AND.....(2) hours spent providing personal services in real property trades or businesses in which the taxpayer materially participates total more than 750 during the tax year.Like @Greg Scott and @Russell Brazil mentioned above, I don't believe that you would qualify as a REPS, but if you are going to try it, make sure you document it very well (i.e. with some kind of proof, like time cards, mileage forms, and/or receipts, etc.) so that just in case you do get audited, you at least have something to provide to the IRS agent.
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3 August 2024 | 11 replies
If you're lucky, then after a couple years your property has appreciated, gone up in value (possibly because of rehabs you've done, rents that have been raised, or both).
29 July 2024 | 10 replies
What strategies would you deploy to raise rents to get to the pro forma quickly without raising a ton of vacancies right away?
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1 August 2024 | 0 replies
It is a requirement where I live to build a home raised by pressed timber piling's with a BFE requirement of 14ft.
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2 August 2024 | 6 replies
Then the debts are "Omitted".This is usually more beneficial for a person who receives W2 income from an employer and wants to exclude their W2 income from being hit by the credit cards, automobiles or mortgages being paid out of their business checking account.There are also ways to gross up some of the income but some lenders have overlays and hit you with things rather than allowing add backs.
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2 August 2024 | 18 replies
But it ran out of ink and I've spent the last 2 years trying to find a reason to buy more laser 'ink' for it.I think I will look deeper into Chris Goulart's and J Scott's suggestion with MyFax along with HelloFax as suggested by Ben Bakhshi - I actually signed up with HelloFax a few days ago for their free online signature feature and didn't even think about them for the incoming and outgoing faxes.I'm re-ordering business cards and figured now is a good time to change my fax number and get out of being double-billed for fax services.Rob K - Thanks buddy but I don't want to get tied down to Comcast to a point where I will lose my number if I decide I no longer want to pay for TV I don't even watch - lol.And Bridget D. - LOVE the quote!
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2 August 2024 | 8 replies
Don't worry, flights would essentially be free (I have tons of points and credit card churn), and I’d have a free place to stay when I am working in California.