Joshua Tucker
Tax breaks on tribal land
27 January 2025 | 4 replies
On top of that, hiring tribal members for construction or operations could qualify for employment-related tax credits.
Brian Plajer
Does anyone invest in Ocala Florida
29 January 2025 | 27 replies
In the past 10 years, Ocala has greatly improved the employment base, adding tons of logistics and distribution jobs on top of the medical, service and equestrian jobs that we have always had.
Paul Duncan
NIV Equity Line or another option???
21 January 2025 | 0 replies
I currently don't show income and just left my other place of employment.
Stanley Nguyen
Tax on private lending fund
21 January 2025 | 14 replies
You can fund it with funds in former employer plans and/or IRA accounts.
Jim Lynch
Minimum "boxes to check" for tenant screening, assuming you are self-managing
30 January 2025 | 5 replies
@Jim LynchSome typical minimum tenant screening requirements look like the following, but it depends on your market:-Renter has a gross monthly income of 3x more than the monthly rent-Minimum credit score of 650-Renter must have no prior evictions-No felons (or other notable criminal history)There are a number of different tenant screening softwares out there such as Zillow Rental Manager, TransUnion SmartMove, etc.Be sure to complete an employment verification by contacting the renter's employer and confirm the details they shared with you, landlord verification (if they have a previous landlord), credit check, and background check.
Tony Schmucker
New Investor Seeking Advice on Relocating and House Hacking
30 January 2025 | 26 replies
Focus on cities with favorable price-to-rent ratios, population growth, and employment trends, such as Des Moines, Oklahoma City, and Charlotte, while considering factors like landlord-friendliness and property taxes.
David Rutledge
HELOC for investment property
30 January 2025 | 9 replies
A&D has a 2nd position DSCR but not revolving - installment only.AO has a HELOC but self-employment documented for 2 years is required.
Nick Am
Setting up a management S-corp for managing rental property owned by an LLC
23 January 2025 | 16 replies
Just don't see the S-Corp or another LLC having a place here..I've heard tax advisors say it takes around $70k min of self employment income for the break even point for S-Corp to make sense.
Logan Barwick
How would you invest
27 January 2025 | 3 replies
Option 4: 20% down on 2 to 3 properties Also open to hear other ideas, I'm self employed so getting a lender can be a bit more difficult.
Julio Gonzalez
Asset Classifications for Cost Segregation
7 January 2025 | 6 replies
Non-tangible property includes buildings, land or other inherently permanent structures.I get a lot of questions on which group specific assets belong in, so I put together a list to help.Non-Tangible PropertyBuilding (27.5 or 39 Year Useful Life)Land (Non-Depreciable)Paved Parking Areas (15 Year useful life)Swimming Pools (15 Year useful life)Fences (15 year useful life)Bridges (15 year useful life)Exterior Landscaping (15 year useful life)Docks (15 year useful life)Sidewalks (15 year useful life)Tangible Personal PropertyMillwork or decorative trimCarpetAir Conditioning equipmentShelving, cabinets and display racksAccordion doors and partitionsWall coveringsInterior landscapingNeon or other signsDecorative and business specific activity light fixturesGenerators, machinery and kitchen equipmentWindow treatmentsWhat other questions do you have regarding cost segregation?