
23 October 2024 | 19 replies
If this is the same person you've worked with for years and have a good working relationship I would first give them the benefit of the doubt and reach out to two other accountants to see if they will do a complimentary review of you previous tax returns.

20 October 2024 | 1 reply
We have tenants who are asking to bring a relative to live with them that has a criminal history.

28 October 2024 | 30 replies
Do you know how to relate to neighbors in the community?

27 October 2024 | 3 replies
If you are an "authorized user" on your husband's credit card(s) you can benefit from his credit and start increasing your score.

25 October 2024 | 17 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

26 October 2024 | 5 replies
This all comes down to how you're structured, how the flip cost were accounted for, if there is a partner (you mentioned "we").If it is an S Corporation and you "distribute" or "sell" the property to yourself, if there is any loss on value, which probably there isn't, know it most likely won't be deductible if it's a related party transaction.

22 October 2024 | 1 reply
Proposed by Related Midwest, the development aims to transform the long-vacant South Works site, once owned by U.S.

28 October 2024 | 10 replies
If you buy an outdated smaller 2bd/1ba home for $150,000 in an area where remodeled 3bd/2ba homes are selling for $300,000, and you know it will cost $50,000 to update the home and add an extra bedroom and bathroom, you can be relatively sure you will be able to recoup your investment.

23 October 2024 | 11 replies
I don't know anything about knoxville but look to areas you have lived, have relatives, have good friends, know is landlord friendly and know is a growing market.

25 October 2024 | 12 replies
If an agent really takes the time to understand what's benefiting the client, it's more straightforward.