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3 January 2025 | 13 replies
I have an LLC do I need to file this form to the IRS?
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22 January 2025 | 14 replies
It requires a solid FICO, that you get pre-approved with all current financials held in file beforehand, with the complete contract package submitted upon execution which starts the clock; insurance must be arranged within three days for lender underwriting.
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5 January 2025 | 7 replies
You filed two full year tax cycles and the numbers are similar (no greater variant than 1%) they maybe yes.Generally depreciation is added back as income BUT only the 40% portion you own not all of it.
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6 January 2025 | 4 replies
When you file your taxes at the end of the year the accountant is going to ask you for your receipts or what and how much you want to write off using deductions.
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8 January 2025 | 33 replies
If your new servicer wants to play games, file a complaint with the CFPB and dispute with the credit bureaus.
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15 January 2025 | 11 replies
It occurred to me today that I've never asked about umbrella insurance claims.I’m particularly interested in real-world examples where this type of policy came through during:Property damage (fires, storms, floods, etc.)Liability claims involving tenants or third partiesMajor unforeseen eventsIf you’ve ever had to file a claim and your umbrella policy saved your bacon, I’d love to hear:What happened?
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6 February 2025 | 28 replies
No offense to realtors but how a property is set up or length of time it has been rented for has no bearing on the legality of the property records on file if they differ.
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14 January 2025 | 4 replies
But I noted that places like North Tonawanda as @Pravit Jarriyapurttipong mentioned are actually outside of Erie County, it's in Niagara County, which follows the stricter landlord laws as New York State... https://ag.ny.gov/sites/default/files/changes-in-nys-rent-la...Would you recommend sticking to Erie County boundaries for this purpose?
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16 January 2025 | 12 replies
When filing the LLC return, it is important to ensure that these liabilities are accurately reflected on the balance sheet.However, it's essential to note that distributing the refinance proceeds among LLC members could potentially be viewed as a taxable event if there is no intent to repay these amounts to the LLC.
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13 January 2025 | 7 replies
Thank you, Adam Hey Adam, obviously Bias here as we are accountants, but yes with three properties is definitely worth hiring a CPA or tax specialist that focuses on real estate to ensure all your taxes are filed compliantly, properly, and you're getting all the deductions possible.