Ting Liu
how to split capital gain tax with partner
26 September 2024 | 9 replies
After paying the tax, you can transfer the proceeds to your partner.However, Technically you should have filed partnership tax return where he would have recognized his portion of yearly activities and sale at the end.This post does not create a CPA-Client relationship.
Julie Marquez
No More Mint.com - What the Best Personal Finance Tracking Tool Now?
25 September 2024 | 6 replies
Welp, as of this month, my account has been transferred to their new Credit Karma and it doesn't look the same and all my budgeting information is gone.
Petra Handrigan
Avail Account Locked - Demands proof of life
25 September 2024 | 2 replies
, my ID and documentation that shows that I am the owner of the property such as a closing statement.I called again this morning, Monday, only to be transferred to voicemail, so it looks like customer service for when your account is locked in non existent.
Srinath Gopinathan
Converting personal investment property to LLC
23 September 2024 | 12 replies
Technically once the transfer is completed the lender has the right to call the loan which would require you to refinance.
Lilly Fang
For flip, should I have an LLC or just as an individual? What about BRRR?
25 September 2024 | 5 replies
It might be simpler to hold off on transferring to an LLC until after the refinance.Hopefully, a CPA can jump in and provide more in-depth advice!
Andy Johnson
Software and ACH Setup
24 September 2024 | 4 replies
@Andy Johnson most PMCs have an Operating account that all rental income is deposited in.All Portfolio and Property expenses are paid from this account, as well as owner draws.PMC's also have a Management account, that they transfer their management fees to (from the Operating account) and pay all company expenses from.Third account is to hold Security Deposits (SD) according to your state laws.
Matt Mastrelli
Own my first deal (NJ), trying to decide to flip or hold: numbers included
29 September 2024 | 12 replies
IF we sold it, assume 10% for agent, transfer fee, etc to sell.
AJ Wong
🌊 My Top Five Oregon Coast Cities to purchase an STR: Fall 2024 Edition
23 September 2024 | 3 replies
Licensed STR can transfer.* Above average ROI. 5.
Zach Sikes
Subject to in Oklahoma
24 September 2024 | 7 replies
Do you mean you go to the bank then they qualify you for the loan and approve the transfer?
Nikhil Mascarenhas
CA out of state investors, what asset protection strategy do you use?
25 September 2024 | 7 replies
If you have a loan, you may wish to look into due-on-transfer clauses.