Michael Pons
Requirements for RV/Boat storage on a city lot
31 December 2024 | 3 replies
Go in person to the planning department and talk to them.
Rene Hosman
How much time do you spend prepping for taxes?
14 January 2025 | 28 replies
When I encounter this type of client, I do everything I can to convert them into one of the previous clients.First thing I have them do is run all their income and expenses through a separate account instead of their personal account.
Patrick Braswell
Home Equity Loan vs. Refi on rental without existing mortgage?
19 January 2025 | 5 replies
HELOCs are generally provided to properties that are held in the owner's personal name.Are your family members not interested in refinancing the property?
Garry Lawrence
19-Year-Old Closing on First Rental Property – Seeking Advice!
11 January 2025 | 12 replies
Require co-signers (like their parents), check references from previous landlords or college housing, verify enrollment status, and personal interviews to gauge responsibility.6.
Erika Andersen
Advice on working with a home buyer's RE agent using an hourly rate?
23 January 2025 | 8 replies
I would be fine with a $10k non-refundable retainer and $500/hr. personally.
Jill Keller
LLC or Not from a Liability Standpoint?
1 January 2025 | 2 replies
@Jill KellerI personally owned and managed several rental properties, mainly one family, 3-families and been advised by a number of attorneys through the years to forget doing LLC's.
Brittney Yang
How To Structure A Partnership For Duplex Investment
23 January 2025 | 3 replies
If you need more to do the rehab, perhaps instead of partnering, you could get your former boss to do a personal loan.
Vidit Maini
Cracks Appearing in Condo – Normal wear and tear OR Structural Concern?
23 January 2025 | 9 replies
Not sure if the upstairs tenant (heavyset person with a dog) plays a role.Seeking suggestions.
Conte Cuttino
Leave 100k and rent or Flip for 30k
9 January 2025 | 10 replies
I would personally roll the dice on the rental and see where it gets me if you don't have to sell at this moment.
Chris Shon
Do I need a Real Estate Tax Accountant?
10 January 2025 | 16 replies
Which is very complex and costly and likely warrants professional help.Now, if it's just you and your spouse, then your 2024 tax preparation is likely relatively straightforward:- you will create a Schedule C on your personal tax return- you will NOT report any costs of purchasing the property or its rehab, not in 2024- you will report your business overhead expenses such as marketing, driving, technology etc- you will end up with a business schedule showing zero income and some expenses - not breaking the rules but potentially raising an audit flagCan you do it yourself?