Michael Plaks
EXPLAINED: 1098s and 1099s for private lenders
26 April 2024 | 4 replies
If you reported less than what they think you should have - expect an automatic adjustment, a letter or even an audit.Since in case of private money you as an investor act similar to a bank paying interest to the lender - should you send your private lender form 1099-INT?
Arjan Amiri
Matt Theriault's Epic Pro Academy Is It Legitimate?
29 April 2024 | 32 replies
However they know they are just feeding people that have no clue what they are really buying - They will take a automatic mailer you can to on your own and fancy it up and put a cool word next to it and Boom Sold!
Neera Melwani
Tax Filing & Cost Segregation
26 April 2024 | 5 replies
It falls under the automatic consent procedures, so it does not need approval - it could still be audited though 3.
Christian Timiraos
Trying to post FSBO ( for sale by owner) on Zillow but it is not allowing me?
25 April 2024 | 9 replies
Just list it on the MLS as a FSBO and it will automatically end up on all the other sites...
Ryan Horne
Draw Fees While Rehabbing a House Using Hard Money
26 April 2024 | 3 replies
I could, in theory, just keep some money in savings to float these costs, but I'd really rather that money go to buying another property instead of sitting their floating money to pay contractors.Ryan,I know of a lender that automatically budgets 4 draws into the budget which might save you a little bit on that end, plus they defer the monthly interest payments which might keep you more liquid.As you get going there are definitely a few options, just shot you a DM and would love to help if I can.Good luck!
Corey Meyer
Can I take venmo for rent from tenant?
26 April 2024 | 10 replies
I wouldn't recommend it though as I use a property management software that does it automatically.
Earl W.
Flat Fee MLS Companies. Are they all the same?
26 April 2024 | 10 replies
(Any company that charges anything other than a flat fee is automatically crossed off the list).
Marci Stein
Another washer dryer question
25 April 2024 | 9 replies
If this tenant moves out before the end of the 5 year period the next tenants just automatically get the $25 increase in their new rent.
Steve Wright
1st Year Rental in TurboTax - How to Split Tax Deductions?
25 April 2024 | 2 replies
I wasn't sure if maybe TurboTax did this automatically, but there's no indication that it does and I wasn't sure if I should enter my real estate taxes under personal or rental or both, or manually calculate the split.
Franklyn Douglas III
Tax Lien Information
25 April 2024 | 18 replies
The biggest change will be that tax deeds will not automatically be issued to the tax lien holder through the tax deed application process.