Alex Todd
REPS status scenario + underwriting paper losses
9 October 2024 | 9 replies
Assuming you are in the 22% - 24% federal tax bracket for most of your income, your tax would be about $76,000(disregarding standard/itemized deducitons and other income).If you can somehow show rental losses = $300,000, you would get a refund of her federal taxes and potentially state taxes also.
Avery Moore
Are there other ways to purchase Investment Properties?
8 October 2024 | 10 replies
@Avery Moore From a tax perspective, purchasing properties through your LLC won’t necessarily change your tax liability, as the IRS often treats single-member LLCs as “disregarded entities,” meaning the income and expenses flow through to your personal tax return.
Derrick Brusseau
SiniSTAR message on VRBO
3 October 2024 | 8 replies
If you’ve been previously contacted by one of my colleagues on this platform, kindly disregard this message.
Lee L.
Stessa vs. Landlord Studio, vs Quickbooks.
7 October 2024 | 24 replies
If entities are disregarded, you can keep up with more than 1 in a single QBO account using the location/business feature to keep track of them separately.
Mario Morales
Non Conforming Unit & Taxes-Investment Property
1 October 2024 | 5 replies
Will an appraiser disregard the income from the non-conforming garden unit when assessing the property for refinancing?
Injung Kim
Closed First Property
30 September 2024 | 1 reply
If you deed a property from your personal name to an LLC - especially a disregarded entity - it doesn't really do anything for taxes or asset protection.
Sam Bhattacharya
How do I handle a tenant who refuses to pay the increased rent in my rental property?
3 October 2024 | 11 replies
If they disregard your notice to move out, you file for eviction.
Sara Kumar
Landlord rights: Tenant's rights to self repair door jambs from wheel chair damage
4 October 2024 | 13 replies
As a landlord, I verified the work needed by pictures being sent, and arranged for a contractor to go in person who is licensed and insured to give an estimate for the work stating to management company this would likely have to come out of a security deposit.The management company was initially asked prior to me arranging this appointment with contractor, to have someone professional quote the damage, and they disregarded my wishes and without my knowledge, or notifying me, granted consent to the tenant to fix the door " in any way they see fit, and to attempt to fix it themselves to the degree of their liking."
Jorge Lee
Questions About Section 8 in Philadelphia
30 September 2024 | 2 replies
I recommend focusing on getting a great investment property and disregarding Section 8 in that pursuit because any property can be a Section 8 property, but a lousy investment is lousy regardless of having a Section 8 tenant or not.Section 8 will perform a basic functional and safety inspection for your units after you have an agreement with a Section 8 tenant and your local housing authority.