Rebecca Cramer
Vacation Rental Market in Puerto Rico? Still recovering or what??
15 November 2019 | 29 replies
The fact that your specific search for occupancy on AirBnB for the Rincon area was lacking, could be attributed to many reasons other that it not been a popular and lucrative place for income properties.
Mark Lucido
IRS Form 8825 - Other Misc. Expenses
26 July 2018 | 6 replies
You should not be reporting rental expenses attributed to your rentals on page 1 of Form 1065.I would put accounting expenses under "Legal and other professional fees".
Matt Schelberg
Is Former BP Sponsor Michael Quarles still in business?
9 July 2020 | 4 replies
Ordinarily I'd attribute this to the pandemic shutdowns, but the strange thing is that when I contacted his office from a new email address asking to place an order, they responded to me promptly.
Tremon P.
Investors In Chicago
12 January 2024 | 16 replies
My biggest tip is to keep networking and asking questions.Regarding comps...you'll want to take your subject property - identify its property attributes: Beds, baths, SF, finish level (interior & exterior), # of units, and then find other properties within a certain distance anywhere from .25-1 mile and find similar properties with those attributes.Then do the same thing for determining the after-repair value (ARV) except now you are looking for properties with the nicer finishes you will use on your rehab value.We always look at closed comps within the last 12 months max or less if there are enough good comps.
Marsha F.
NJ is a tough market? Why?
19 November 2020 | 44 replies
As a first time investor I recommend getting into the best market you can afford to get into, just nothing in a town that would be considered an "A" town unless you intend on owner occupying and there's attributes to that town that you want directly, such as a particular school system, etc.
Mindy Jensen
Can Rental Income Qualify Me for a Self Directed-Solo 401(k)?
15 April 2020 | 19 replies
In this case isn t the UDFI calculated as such: $10,000(50% of income attributed to debt financing) - $4000 ( mort into expense)-$1,000. ( 1k exempt)= $5,000 UDFI to which tax rate is 15% or $750.Every extra $100,000 of capital in the IRA more than doubles the UDFI tax on initial 100k of capital as tax rates increase.Also assume a person forms an LLC for the purpose of having a property management company manage a property for 7%, $700-$200(expenses)=$500FICA taxes= $500 x 15.3%=$77So by filling out a schedule C for business and paying $77 in taxes, self employment, you are saying it's not worth it?
J. Tyler Moore
How to be a hardmoney lender - without the work?
15 January 2016 | 35 replies
Did they have similar attributes or promoters?
Michael Shadow
generate rent roll report in quickbooks
18 November 2014 | 8 replies
Each time a tenant moves out, inactivate them and add the new tenant as another job.Doing this will give you a tenant [and repair] history of each unit at each property and keep your customer list from being 2 miles long.For apartment units, add a job for each unit under the main property address, then add each tenant as a separate job under the unit number.It will look something like this:Customer Name: 123 Main Street Unit A Current Tenant's Name Unit B Current Tenant's Name Unit C Current Tenant's NameWhen you invoice, start typing the tenant's name and all the information will fill itself in.Use Rent as the Item and attribute it to Rental Income.
Joe Boggin
REO title work?
7 May 2016 | 28 replies
that is the biggest discount i have heard about and it would scare the heck out of me what do you attribute the half off price to?
Shimon Kronenberg
Probate Leads in Bergen County, New Jersey
20 August 2017 | 5 replies
I query all my data for certain attributes to find the most likely sellers.