
26 January 2025 | 48 replies
I'll report back on how quickly they "update" my OMG request.

7 January 2025 | 3 replies
If you only have one LLC and don’t need entity tracking, you could get a lower subscription and categorize your properties as ‘customers’, then units and tenants would be sub-customers.Simple Start would allow you to invoice your tenants (if desired through QBO) and produce basic reports.

3 January 2025 | 4 replies
There will likely be a partnership return required where you flipped a house with a partner and lost $120,000.If you sold the other property within the same partnership, it will also be reported on that partnership return.The net result to you is that you will receive a K-1 showing your income / loss which you then use to report on your individual return.If you made no money within the same year, you likely pay no additional taxes / get no additional refund.Best of luck.

10 January 2025 | 14 replies
We got a bit delayed in the permitting process...We had to get a geotechnical report done due to a slope on the back side of the property, but are now back in process again.

4 January 2025 | 11 replies
That comment also seemed to imply that you don't report the rental on Schedule E if you have an LLC, but that's not correct, with a single member LLC it still goes on Schedule E."

6 January 2025 | 5 replies
A cash out refi should take 2-3 weeks with most lenders, and you should have only an appraisal a credit report fee as upfront costs.

11 January 2025 | 420 replies
A HELOC should be reported on your credit profile as real-estate related.

4 January 2025 | 2 replies
Any good recommendations for the collection agency or any way to get the money back from the tenant or any way to report it to the credit bureau?

13 January 2025 | 15 replies
We rent an environmental screen database that provides us with a 24 hour turnaround environmental screen and engineer evaluation of the report. 6.

9 January 2025 | 18 replies
Call the listing agent and build report, let them see you are a pro and easy to work with2.)