Angelo Llamas
Taxes on a new rental
30 December 2024 | 6 replies
Baselane has the added advantage of synching with your Schedule E you'll use at tax time to file your taxes.
Tayvion Payton
LOI/ Purchase Agreement before viewing a property?
9 January 2025 | 2 replies
I reached out to the individual marketing the deal to schedule a property viewing, but they’re asking for proof of funds (which I expected) and a signed purchase agreement or LOI.Is this normal?
Elizabeth King
Does my property have to be in LLC to benefit from real estate tax advantages?
2 January 2025 | 10 replies
Rental income and expenses, such as mortgage interest, property taxes, repairs, and depreciation, can be reported on Schedule E of your personal tax return, regardless of ownership structure.
Ken M.
“Short Sale Queen” indicted in mortgage fraud scheme (Creative Financing Gone Bad)
12 January 2025 | 0 replies
The defendants have been arrested and are scheduled to appear before U.S.
Philip Ganz
How does a Deferred Sales Trust work?
2 January 2025 | 12 replies
I think THIS can be better than a 1031 exchange because the seller will start off with a fresh depreciation schedule in the new property.
Van Lam
Cash Out Refinance
11 January 2025 | 7 replies
the property’s rehabilitation is scheduled for completion in 2025 and the rent will subsequently increase, can I proceed with a cash-out refinance based on the current rent roll?
Colby Burns
Omni Key Realty insight for investors in North Texas.
3 January 2025 | 5 replies
I am the Vice President of OmniKey Realty, and I would highly recommend scheduling a tour with my investment team if you haven't already done so.
Scott MacComb
Contract with general contractor on house flip
31 December 2024 | 13 replies
If you really want one then I would have one drafted by an attorney to make sure you are square on all issues, liabilities, scheduling etc.
Michael Plaks
EXPLAINED: sending 1099s to contractors and vendors
13 January 2025 | 8 replies
@Angelo CortezYou can still deduct, however STRs are reported on Schedule E, not Schedule C.The IRS expects you to file 1099s even without SSNs - which I personally always found to be puzzling.
Sunny Wu
Tenant wants to break lease 8 months early
6 January 2025 | 6 replies
We try to set up at least 3 timeslots each week when we can schedule all the showings to minimize the tenant interuptions.If they won't cooperate or cancel too many scheduled showings, we warn them we will pursue collections to the fullest extent of the law.