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Results (10,000+)
Kwanza P. Hot Tubs in Your STR
6 February 2025 | 7 replies
I don't have any brand preferences personally (I use Fantasy Spas at most of my units but I'm sure there are alot of reputable options), but just make sure wherever you place it is built to handle that type of weight.
Jerry Velez Wholesaling a Family Member’s Home
6 February 2025 | 18 replies
Personally I wouldn't feel comfortable trying to wholesale a relatives $1M home knowing that I am breaking the law if I cross over into doing anything that can be considered representing them in the transaction, and knowing it will only be marketed to people who buy properties wholesale (typically investors who don't want to pay retail prices), instead of the majority of retail buyers active in the market who are typcially willing to pay more. 
Berry Starnes TSP loan + HELOC combo
14 February 2025 | 9 replies
@Berry Starnes I just called TSP and they told me that after the loan is paid off in full you’re able to apply for another TSP loan 60 days after the loan is paid off.
Mindy Perry property management software and 1099 K
31 January 2025 | 7 replies
My CPA was unsure... do you issue 1090-NEC for the difference between 1099-K and 1099-MISC or do you double up the income (i.e. 1099-NEC for gross rents from PM, 1099-K of the net owner distribution on 1099-K, then owner reports double income and puts a line item expense for the 1099-K since 1099-MISC covers gross rents).You need a new accountant lolPM issues 1099-MISC, not NEC for rental income paid to property owners.You would still issue the rental income paid to the owners regardless of the payment method.The Property Owners should add an expense line item on Schedule C stating that income reported twice on Form 1099 to offset any duplicated amount.
Chris Stratton 1031 Exchange - DST?
16 February 2025 | 71 replies
Once we identified the appropriate DST, I paid Sera Capital the prearranged flat fee and they instructed the DST sponsor to add 100% of the sales load into my investment.
Justin Fantazier Pay off mortgage
18 February 2025 | 5 replies
Ask yourself if at 2.9% interest you paid off the mortgage are you further ahead than if you took that $50K and invested it elsewhere? 
Charles Evans What Paperwork Should I Be Keeping Record Of?
29 January 2025 | 9 replies
To make taxes easier we set up a business checking account and had all the rent paid into that account and all the expenses paid out of that account.
Christian D. Tax strategies for 1099
20 February 2025 | 2 replies
Can someone explain the advantages of having (LLC #B) taxed as an S-Corp as I am told only my “reasonable salary” paid out from (LLC #B) would be subject to self employment taxes.I.e., I earn $200K through commissions through LLC #B.
Alex Patton Refinance DSCR Advice
3 February 2025 | 26 replies
The best part is there is no ownership seasoning period with one of these lenders and they don't report to personal credit.