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9 August 2024 | 5 replies
Monthly joint income is 7X the rent and one credit score is 630 another person is: 712.
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6 August 2024 | 3 replies
My husband wants to keep his Nevada state residency to file income tax there (NV doesn't have state income tax) but we would like to file jointly for federal income taxes.On the Utah State tax website it says: "A married couple who files a joint federal return may file separate Utah returns ONLY IF:one spouse is a full-year Utah resident, ANDthe other spouse is a full-year nonresident."
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6 August 2024 | 14 replies
But it was reported on your joint tax return with your wife (as long as you file a joint tax return).
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7 August 2024 | 8 replies
The gain from the sale of a primary residence up to $250,000 (or $500,000 if married filing jointly) is generally excluded from taxation.Now, let's focus on the depreciation recapture.
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7 August 2024 | 27 replies
Getting Engaged - do a joint venture on ONE SINGLE deal and see how much you like each other3.
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5 August 2024 | 21 replies
They were supposed to pay the rent jointly, as stated in the lease agreement.
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5 August 2024 | 5 replies
I am selling a 4 unit property that is owned by my partner and I as joint tenants with rights of survivorship.
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14 August 2024 | 134 replies
Took many months of chasing to have record of my funding recorded in the portal.The deal failed and property surrendered in Dec, was not informed until Apr the following year by the operator, in Aug still waiting for official announcement and the MIPA to be provided.Co-sponsors Legacy Wealth Holdings(operator), Community Investment Properties – refused to help LPs that were not brought in by them.3/ Any lesson learned to help future investorsMy key takeaways from this experience are:In addition to doing due diligence on the investment, underwriting, & sponsors.Be very cautious of these joint co-sponsor deals, ask for and understand the partnership agreement before deciding to invest.Understand that co-sponsors oversee the interest of the LPs they bring in only.Avoid fund of fund / feeder fund investments, instead invest directly in the investing entity.If you value timely communications & receipt of investor updates, k-1s, etc, invest only with the deal operator.Ask for a walkthrough of the investment portal using live data in an actual active investment account to ensure its managed according to your needs.
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8 August 2024 | 46 replies
Can u financially support these places if another repair comes up till reserves are met.that is what I would ask myself.
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9 August 2024 | 184 replies
There was an article published in the WSJ on January 25th 2001, yes a long time ago, and this was the first paragraph "NEW YORK -- Realtors, already battling Internet companies that have entered the home-selling business, are now organizing to fight a joint proposal of the Federal Reserve and U.S.