Account Closed
Seasoned Real Estate CPA Expert Answering all Questions on Investing Tax Strategy
26 June 2024 | 34 replies
I am a high W2 earner single with absolutely no write offs but need to do something other than pay a little over $100k in taxes.
James Carlson
18 offers, 12% over list price .... Market going bonkers again?
30 June 2024 | 54 replies
lol we are talking the same, lets say we do some input statistic analysis ( i did it before ), so in 2009 the mortgage debt with typical husband and wife working is like 29% ; now that number is going as much as 44% in some cities. also our home price is created using auction systems, if there'e 100 houses in one zip code, the pricing discovery in created by the last 3-5 home purchasers, which indicate 95% of other folks does not necessarily able to purchase home or do mortgage with current rate.Which cause a problem, one household either need to maintain job that can continously paying the mortgage and/or the loyalty of husband and wife is a MUST LOL Having said that, to maintain 1.5 mil homes in bay area for example, husband and wife should not divorce for 30 years at least.But for 150k house in Ohio, the husband can divorce their wife anytime while maintain the mortgage payment LOLHaving said that, getting divorce is very suicidal for financial.but also creating different effect, for single guy, there's almost no way they can purchase home, unless they're cardiologist or any other high income earner LOL (this example is just for fun).In our area the home supply is coming from two sources mainly: people going retirement and want to cash out or separation in relationship LOLGetting separation is very expensive especially if you born in 1970/1980/1990s, I would even argue the moment you are married-->single thus you become the renter class again LOL
Gabriel Ortega
Who has been your best experience with Non QM HELOC LONAS bank Statements
25 June 2024 | 4 replies
Quote from @Gabriel Ortega: looking at 75-80% ltv for a heloc, yes all rental income are in schedule e Hey Gabriel, If you are only a W2 earner the bank statement program will not work out, since you must be self-employed to qualify.
Matthew Spiers
Contractor Completely Overcharged Me - No Way to Pay
25 June 2024 | 16 replies
So, each employee gets $53 an hour in wages/benefits.
Raffi Krikorian
Has anyone dealt with Blue Orion Housing (corporate rental)
25 June 2024 | 17 replies
All in efforts to misdirect you, get another renter in the house and keep on cashing at your expense.I worked for them and they stole my wages for more than 2 grand.
Sarah Albert
Evict or wait until lease expires?
24 June 2024 | 12 replies
You can file a Writ of Garnishment to seize their wages and bank accounts.
Frank Greg
GC: Average Total Labor Cost on New Build
27 June 2024 | 62 replies
Contractors are NOT a company that provides skilled labor for hourly wages .
Sean Gallagher
Cost seg / accelerated depreciation to offset W2 - thoughts
19 June 2024 | 14 replies
You need to be a pretty high wage earner for it to make any sense- I'd say at least something in the $200k range or more.
Scott Eranio
Looking for advice on planned move
22 June 2024 | 8 replies
I was considering NC for a while but the wages for nurses are low.
Gordon Middleton
Boutique Hotel - Partnership LLC structure
21 June 2024 | 10 replies
I'm trying to determine if the solution is to make Operator an (s) corp or if that still unequally benefits the single owner because I'll have to pay myself an acceptable wage.