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9 October 2024 | 312 replies
Accounting for total amt doesn't seem to be taken into consideration.
3 October 2024 | 1 reply
Relationships are key in this industry.4.Analyze Markets: Whether it’s your local area or out-of-state, study the market’s potential for growth, rentability, and appreciation.5.Take Action: You don’t need to know everything to get started.
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6 October 2024 | 12 replies
I need to study all the options.
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5 October 2024 | 14 replies
The client copy of the tax return should include a depreciation schedule of each rental property that you have.If the tax return that you have does not include it, you should be able to request it from your accountant and ask if they can provide it to you annually going forward.The depreciation schedule will include the original cost basis along with the accumulated depreciation.Best of luck.
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7 October 2024 | 7 replies
An activity is a personal service activity if it involves the performance of personal services in the fields of health (including veterinary services), law, engineering, architecture, accounting, actuarial science, performing arts, consulting, or any other trade or business in which capital isn’t a material income-producing factor.7.
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4 October 2024 | 17 replies
I've been studying since making these investments and I know a lot more now than I did when I invested in these so I imagine I'll have a laundry list of things I could have done differently.
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2 October 2024 | 48 replies
I appreciate everyone's feedback but I am still curious if there are any professional PM's with case studies.
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5 October 2024 | 3 replies
A DSCR product is what you are looking for.DSCR simply doesn't take into account your personal income, instead we qualify the loan on the properties rental income (or projected rental income).Your credit, properties cashflow, loan to value & prepayment penalty are going to be the main determinants on what this loan looks like for you.
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29 September 2024 | 13 replies
Then there are others that are great at accounting, but that's all they do.
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5 October 2024 | 1 reply
Hi, Everyone; besides Mercury Bank, are any banks allowing remote account setup, personal and entity?