Christian Drbal
spouse as LLC for tax benefits
13 September 2024 | 8 replies
Her work in this way again is not influenced at all by if it is an LLC in her name, your name, or both - it is based on actual hours worked.IF and AFTER you meet the above tests, you need to prove that you materially participate in your RENTAL trades or businesses, generally this is at least 500 hours per year, but there are other tests as well.If you qualify for all of the above, now you can use tax losses from rental real estate to offset W-2 income.
Tim Melin
Thoughts on DSCR Loans
15 September 2024 | 38 replies
There is a lot of great advice and detail on the requirements for DSCR in here and one small detail that I haven't seen mentioned - You have to already have a primary residence.
Bradley Hendrix
Going from -50K to 1 million
13 September 2024 | 7 replies
When the building is fully rented allowing for a 10% vacancy the NOI will be $136,800.00 which will put the value around $1,700,000.00The refi I have in place at current rates will give me about 200K cash out and 50K cash flow a year.There's a ton more I could add in here but it's already a long post.
Joshon Foster
My name is Joshon Foster
11 September 2024 | 8 replies
Hopefully I can connect with some of you guys in here to find out more information about both and to make my decision on which route I should take.
Nina Penuela
What do you think makes a good property manager?
14 September 2024 | 32 replies
Inherent within these five qualities is the good communication skill.
Nakul Patel
Looking to buy investment property
13 September 2024 | 16 replies
A lot of investors in here that specialize in it.
Joe Mathew
Anyone buying in Missouri
12 September 2024 | 29 replies
@Joe Mathew I invest in Kansas City and help others invest in here as well.
Marc Brandon
Unbelievable Florida security deposit claim lawsuit!!!
18 September 2024 | 47 replies
I don't know that she can legally put the LLC in her place for the deposit. 3: Typically for lawsuit purposes sending someone a notice via regular mail will not count as service.
Arturo Smith
Starting Estate company with my mother but my credit is shot??
10 September 2024 | 4 replies
She might have to purchase in her name and then transfer ownership to the LLC afterwards.
Billy Knox
Why use a Real Estate Agent?
20 September 2024 | 73 replies
She then negotiated a lower price from the seller (despite pricing in her full commission) and ended up both saving me money and making the transaction super easy and stress-free.