Max Kim
Buying Georgia Tax Deeds
30 September 2024 | 16 replies
They can recover the excess funds later.
Chris Seveney
Do Not Be This Guy... When $0 down hurts
1 October 2024 | 23 replies
They paid far in excess of market value in order to get in with no down payment and owner (seller) financing 1.
Natalie Johnstone
Delaware LLC / Cali purchase
30 September 2024 | 8 replies
California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.
Jay Sloan
Anyone had experience with CPA? Peter harris?
1 October 2024 | 24 replies
She sent me a letter from Commercial Property Advisors, Peter Harris, which stated she had approval for funds sufficient to cover the purchase price and below it listed a Wells Fargo business account showing funds in excess of the purchase price.
Zeb Wallace
Pros and Cons - Registering LLC in-state vs. out of state
27 September 2024 | 2 replies
California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.
Jon Zhou
Ashcroft capital: Additional 20% capital call
9 October 2024 | 312 replies
It should say whether capital calls in excess of your capital commitment are voluntary or mandatory, and if they are mandatory, it should state what the penalties are for failing to fulfill it.
Cindy Auch
Is interest received from fix & flip loans subject to self employment tax?
25 September 2024 | 9 replies
Also anyone have insight on excess taxable income regarding the above and private lenders?
Blake Dials
Multiple Bank Accounts
27 September 2024 | 13 replies
When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.
Adam Hoeker
Managing the Finances
27 September 2024 | 15 replies
You should only consider switching when your current software has a significant flaw or lacks features that force you to spend excessive time on workarounds.
David V.
IRS Form 8824 Review
25 September 2024 | 4 replies
I reviewed Form 8824 and after much research I generally feel comfortable completing the form as well as how to depreciate the carryover basis and additional (or excess) basis using either of the two allowable methods (general and simplified methods).