
17 April 2024 | 16 replies
and they are very likely to systematically monitor market rents on a monthly basis and adjust accordingly.The fundamental principle is that if you don't index rent for inflation every year you are essentially giving them a rent reduction.
19 April 2024 | 10 replies
., sole proprietorship, partnership, LLC).Ultimately, it's essential to work with a tax advisor or accountant who understands your specific situation, goals, and the nuances of rental property taxation.

18 April 2024 | 7 replies
I am looking to achieve a low down payment and renovate the portion of the home I would be "living in" over the year I am supposed to be residing there and essentially using that year to take my time with renovations as I am full time student and working full time.

18 April 2024 | 11 replies
Essentially, it might be more challenging to tackle bigger deals, depending on your own financial circumstances.

17 April 2024 | 6 replies
As long as the total income reported on your tax return matches or exceeds the total income reported on your 1099s, and you have documentation supporting the breakdown of income by property, the risk of audit or inquiry may be relatively low.Pros of the approach:Compliance: Helps ensure compliance with IRS reporting requirements by matching the total 1099 income on the tax return.Risk mitigation: Reduces the risk of IRS flags or inquiries related to unreported income.Cons of the approach:Complexity: Requires additional documentation and statements to reconcile the reported income with the 1099s, potentially adding complexity to the tax return.Time and cost: The additional work required to prepare separate statements for each property may result in higher accounting fees.Ultimately, it's essential to weigh the pros and cons and consider the specific circumstances of your situation.

17 April 2024 | 34 replies
Their system is extremely discriminatory to the cheaper programs, systematically excluding those members from the real quality education, while the premium program is essentially ineffective.The program is extremely mediocre, to say the least.

17 April 2024 | 10 replies
The HO6 policy is essentially a home owners policy for condos.

16 April 2024 | 2 replies
That covers the interest on the 401k loan not paying back the principle.

17 April 2024 | 6 replies
The numbers on the deal are below:-$6100 PITI (5% down owner occupied)-$2600-$2800 monthly rent per unit-Off market deal near Richardson High School-Both units fully renovatedI would essentially be betting on the long term appreciation of the DFW real estate market as well as long term rent growth.

16 April 2024 | 1 reply
Implement sustainable practices, such as Leave No Trace principles, to minimize your ecological footprint and preserve the natural beauty of the area.By carefully considering these factors and doing thorough research, you can determine whether renting out camping areas on your land is a viable option and how to proceed effectively.