Greg P.
Getting Started. How & What would you do with $750k? Suggestions?
30 January 2025 | 48 replies
Rentals boil down to how much do you net after paying principle, interest, taxes, insurance, and a maintenance reserve.
Pavan Kumar
House not rented for 100+ days
16 January 2025 | 12 replies
Instead, focus on verified income and ensure applicants don’t owe previous landlords or have prior evictions.
Daniel Baker
Questions to ask.
1 February 2025 | 9 replies
Do you work with any specialty tax firms to help us small business owners get access to R&D tax credits, cost segregation and other specialty tax credits?
Ricardo Garcia
Truebooks CPA - Feedback
9 January 2025 | 46 replies
Specifically for the missed items during the review prior to the initial call, as well as the piece on no action plan.
David Williams
Capital gains question
1 February 2025 | 12 replies
What you owe doesn’t affect how much tax you owe.
Cameron Marmon
Did I mess up when establishing this LLC for my wife and I?
31 January 2025 | 12 replies
We are now married and I expect we'll file our 2024 taxes jointly.
Ajay Bodas
1031 Exchange Property from Revocable Trust to an LLC
31 January 2025 | 6 replies
In non-community property states a husband/wife LLC is supposed to be treated as a partnership And transferring from a revocable trust (reported on your 1031) to a partnership LLC (that files it's own tax return) is changing the tax payer.
Susan K.
Q on deferred salary to a Solo 401K
30 January 2025 | 6 replies
Best to check with a tax pro to ensure compliance!
C.S. Bryson
Is this a good deal? Looking for advice on my first investment
16 January 2025 | 0 replies
Remaining Balance: After the balloon payment, the remaining loan balance will be re-amortized over 5 years (60 months) at the same 6.5% interest rate.Payment TermsInitial Loan Terms (First 24 Months):The monthly payment for the first 24 months is based on a 12-year amortization schedule:Monthly Payment for First 24 Months: $1,573.39Remaining Balance at Month 24 (Prior to Balloon Payment):The balance after 24 months can be calculated using the amortization formula:Remaining Balance at Month 24: $157,113.92Balloon Payment:The balloon payment will be 50% of the remaining balance at Month 24:Balloon Payment Due at Month 24: $78,556.96Re-Amortization of Remaining Balance (After Balloon Payment):The remaining balance after the balloon payment will be:This amount will be re-amortized over 5 years (60 months) at the same 6.5% interest rate.Monthly Payment for Final 60 Months: $1,541.18Summary of Key Terms:• Purchase Price: $215,000• Down Payment: $43,000• Loan Amount: $172,000• Interest Rate: 6.5% (fixed)Initial Terms (First 24 Months):• Monthly Payment: $1,573.39• Balloon Payment Due at Month 24: $78,556.96Re-Amortized Terms (Final 60 Months):• Remaining Balance: $78,556.96• Monthly Payment: $1,541.18Additional Conditions:1.