Anna Thanopoulou
Material participation - proof to collect
26 November 2024 | 3 replies
If you get audited, this will be good to have on file.3) That's tricky, the dash 4 grouping election is based on facts and circumstances.
Anthony Dupre
Seeking Advice on Asset Protection for Out-of-State Real Estate Investments
26 November 2024 | 17 replies
@Anthony DupreCalifornia is generally more cumbersome than other states when it comes to taxes and filings.
Matt J.
Tax Considerations for Out-of-State Investors in San Diego
25 November 2024 | 4 replies
@Matt J.As an out-of-state investor in San Diego, key tax and legal considerations include filing a California non-resident tax return for rental income or capital gains, managing double taxation with potential tax credits from your home state, and complying with withholding requirements on property sales.
Michael Williams
Mortgage Note Syndicator Not Communicating
23 November 2024 | 26 replies
There is no syndication filings by the company - did you invest in a JV deal?
Edward Segaar
Cost for a CPA
23 November 2024 | 6 replies
We are closing on our first rental next week and have been looking for a CPA to help with the tax filing.
James Kerson
Tell Me Why My Discount Brokerage Idea Is Bad: Calling All Agents
10 December 2024 | 100 replies
Ignorance IS a defense in residential, and one a party can file a class action lawsuit on because that's much of what just happened nationally.
Julio Gonzalez
Real Estate Grants
19 November 2024 | 6 replies
But most importantly, they do not need to be paid back.Funding Sources:Local Government/MunicipalitiesState GovernmentPrivate FoundationsFederal GovernmentFamily OfficesCorporationsWhen applying for a grant, ensure you have an understanding of the details such as eligibility, your project readiness, the purpose, funding amount, areas of funding, limitations and deadlines for the application.The prime candidates for a grant are 1) those developing a real estate project or physical space, 2) scaled non-profits and 3) certified non-minority owned businesses.Ensure you are able to provide the following documents before applying for the grant:Show site control through documentationA project description or business planConceptual drawings or renderings of the physical spaceProfessionally prepared budgets for the company and projectWhat does the grant application process look like?
Qwee Parker
Student loans factored into DTI?
24 November 2024 | 2 replies
If the payment(s) reported on the credit report is less than the threshold payment calculation above, in order to count the lower payment, the loan file must contain a statement from the student loan servicer that reflects the actual loan terms and payment information for each student loan(s).
Hamed Rahimi
What are the best property management software/tools you use?
25 November 2024 | 12 replies
All you get is what you can export/import via CSV file:(We use Propertyware, have experience with Buildium, and have played with Appfolio and RentManager.Buildium is for smaller companies.The other three are tied, the differences being how much automation & customization you want to do.If you don't see yourself growing beyond 150 units, go with Buildium.If you're not very techy and plan to grow over 150 units, we'd recommend Appfolio.If you're techy and plan to grow over 150 units, we'd recommend Propertyware or RentManager.Of course, schedule some demos, take GREAT notes and them make your decision.FYI - there are MANY new options on the market, RentRedi, TenantCloud, Apartments.com, Hemlane, Rentec.
AJ Satcher
Taxes Doubled On Property - Has Anyone Gone Trough the Appeals Process?
16 November 2024 | 5 replies
Not only that, but I missed the homestead exemption deadline.