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21 February 2025 | 4 replies
Do you mind me asking how much you would need to replace your income?
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22 February 2025 | 0 replies
We have a reasonably high income from our W-2’s and rents with annual income in the $250k+/year depending on bonuses & OT worked and is usually closer to $300k.
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21 February 2025 | 1 reply
How do I calculate interest income, what are a few tenant charges (income), and expense reimbursements.
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22 February 2025 | 11 replies
Do it yourself with TurboTax (or similar software)If your rental is pretty simple (one property, basic income & expenses), you can learn the basics and still save money.
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27 January 2025 | 4 replies
I'd estimate that there are less than 1,000 legitimate, or "professional" wholesalers, in the United States of America, as defined by individuals who make $100K flipping contracts, and collecting assignment fees, in any form, and who have made that amount of income more than 3 years in a row.
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18 February 2025 | 9 replies
As you mentioned intentional flips are typically considered inventory-This means the income is ordinary income and as such: - Is not a capital gain, so hold time of 1 year does not change to a better long-term capital gain rate - Can not be invested in a QOF Deductions related to it can't be pushed or changed- all costs are accounted for with the inventory component
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21 February 2025 | 9 replies
Income tax and local taxes.
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2 February 2025 | 0 replies
Less than $300K in a mortgage, generating $4,000/month in rent.
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16 February 2025 | 61 replies
The frameworks others have presented of viewing the site as a lead-generation tool where you, as the host, are handling all the payment processing and screening is pretty accurate.
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15 February 2025 | 7 replies
For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.