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25 December 2024 | 11 replies
Personally I do not like providing appliances for tenants as the repairs and headaches start adding up.
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26 December 2024 | 15 replies
They will pull a personal background report, will check IDs and question your current living situation.
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13 December 2024 | 2 replies
I also use business lines of credit from banks, but for this banks definitely want to see revenue (usually 5-10x the amount of a mine they will give you).It is important to remember though that just because these lines and CCs are not immediately reported on your personal credit report, if you miss payments or default you are personally liable and the debtors will add it to your personal credit report.
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27 December 2024 | 4 replies
This will be based on the personal details of your business.
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28 December 2024 | 1 reply
I have personally witnessed the success of this approach.
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31 December 2024 | 22 replies
Quote from @Nate Meeker: Great insight, I am personally choosing not to file these for clients, but am providing a free guide to help them.
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27 December 2024 | 2 replies
Personally that would be a pain to maintain and do lol
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29 December 2024 | 1 reply
I will return to this situation in the end of this post, but first let me show you why the age of a person can be tricky when it comes to the IRS.
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24 December 2024 | 14 replies
This will allow you separate business income and expenses from personal income and expenses.Since you plan to house hack your bookkeeping and tax return preparation will be more complicated because a percentage of your home expenses will be personal deductions and some will be business deductions.
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26 December 2024 | 9 replies
I have personally stayed in one of these places where the main house is separated, and only the basement space which has a walkout entrance, its own kitchen, and two bathrooms would be rented out an Airbnb.