Michael Plaks
EXPLAINED: sending 1099s to contractors and vendors
15 January 2025 | 13 replies
Quote from @Mani Sundaresan: If I’m financing a rehab project with a hard money loan, do I still need to issue 1099-NEC forms to my contractors—given that the funds come from a loan, which isn’t taxable income?
Chris Mahoo
Long term rental when you are not full time real estate professional
22 January 2025 | 10 replies
Tax benefits should be considered but not be the sole factor.The 'main benefit' from a tax perspective should be to generate a high return from your real estate investments and not to pay taxes on the return that you get.If you are able to reduce your taxable income, that should be icing on the cake.
Anthony Vaganos
DCSR vs Conventional with transfer tax
19 January 2025 | 8 replies
That's pretty important if rates were to decrease in the next couple of years.2.
Mike Daniels
Carlsbad Flip Property
7 January 2025 | 0 replies
Would like to hire more daily workers to decrease time.
Will Almand
Cost Segregation Questions
20 January 2025 | 11 replies
@Will Almand A cost segregation (cost seg) study can accelerate depreciation on your properties, reducing taxable income by reclassifying components (e.g., appliances, HVAC) into shorter-lived categories.
Bianca Rodrigues
Partial Seller Financing Question
15 January 2025 | 6 replies
Property was originally listed for $1.2mm this past year they’ve done multiple price decreases to $699k.
John Reagan Johnson
Switched to a Property Manager
22 January 2025 | 9 replies
I have noticed that as companies they grow, their quality and attentiveness tend to decrease.
Ryan Kane
Need Advice on Next Steps for my Real Estate Portfolio
26 January 2025 | 5 replies
Hi Ryan,Typically construction financing isn't based on your taxable income and rather more contingent on your experience, FICO and the deal itself.
KT Fissore
Brokers rate to market a MHP
6 January 2025 | 4 replies
We keep making those lists for the biggest rent decreases, highest vacancy, etc.
Jimmy Rojas
How to show proof of income with 1099 form
6 January 2025 | 4 replies
HI @Jimmy RojasYou have to show 2 years of taxable income to the IRS.