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4 January 2020 | 4 replies
It will take months of networking, meeting people at your local REIA, sending out a direct mail campaign, etc.I dont know how you can do it from SE Asia.
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4 July 2018 | 6 replies
Hey everyone,I’ve been lurking on and off here for about a year now. I recently started listening to the BP podcast and I’ve become extremely motivated to start diving into real estate investing.I’ve been sitting on t...
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12 March 2020 | 6 replies
I'm from SE Massachusetts and currently own a single family home and a 3 family rental property.
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8 November 2017 | 4 replies
The most common difference is that the state will impose some tax or fee on pass-through entities where the federal government does not.Many business organizations are required to have the same fiscal year as their owner(s) have or to basically have a deposit with the IRS to compensate for timing differences.https://www.irs.gov/businesses/small-businesses-se...https://www.sba.gov/business-guide/launch/choose-b...
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14 November 2017 | 10 replies
If you pull up section 1402(a) paragraph 1 this excludes rental real estate income from being subject to SE tax.
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10 November 2017 | 8 replies
My wife translated for a couple that was staying in Colorado due to seing a specialist and it would have been a blessing to have a home close to the hospital to rent.
16 November 2017 | 10 replies
Check local law and review the HOA organizational docs as to whether those dues are a lien regardless of whether a "lien" per se is filed among the land records.
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2 November 2018 | 29 replies
Frequent reader, new poster here on BP, sorry to hear about your situation @Mitch SmithI'm a real estate attorney and contractor/investor in the Indy area (based out of Shelbyville, 25 minutes SE of Indy) and I'm seeing this happen far too often right now.
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27 November 2017 | 5 replies
I didn't intend to make money right away, per se, with the refi strategy when I said "do it again."
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19 November 2017 | 13 replies
HI Roxanne,It is true you need to be in the business for 2 years but no one talks about the details about how that is documented which is either by:- Looking up CA BRE website consumer licensee information which will show how long you've been licensed- CPA letter to sign/date on you being self employed for 2 + years or 5+ years if you're using Freddie Mac's program since Freddie specifically wants 5+ years to use 1 year tax return- or another third party to verify you've been SE (self employed) like business licenses, attorney's, other auditor or licensesWith regards to income like others have mentioned you can use 1 year tax return to base your monthly qualifying income off of.Freddie mac, like mentioned above is a a conventional financing option but the downside with Freddie is they want 5 years in the business as documented with one of the options above.