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Results (10,000+)
Dewey Paxon Advice on a hard decision (should I sell my STR in the Dominican Republic)
9 July 2024 | 16 replies
No lender will finance a property in another country, unless you can provide collateral from your home country or you’re a large company and the lender will give you an unsecured loan based on your balance sheet but, anyway, both options would defeat the purpose of getting leverage through the purchased property.2.
Julio Gonzalez Cost Segregation Study on Multifamily Property
8 July 2024 | 0 replies
An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provides support for the property tax appeals process.Additionally, it can help maximize renovations and improvements.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.
Alexandra Thayer Investors Wanted - Second Fix and Flip
8 July 2024 | 4 replies
The property is located in Rock Falls, IL We'd be able to provide debt on that.
Jesse Bennett Running Ads for Listing
8 July 2024 | 6 replies
@Jesse BennettWe have tried this and it did not provide us any better results
Luna D. Real Estate agent hesitate to submit offer
8 July 2024 | 21 replies
If someone comes at us with a stupid offer, it will have a very negative impact on how the seller or listing agent sees you as a viable buyer.
Shonari Wynter Doing a BRRRR! Should I keep receipts of materials?
5 July 2024 | 5 replies
Meaning they buy the materials and provide the labor and then make a receipt showing the total.
Bob Yon Can you sub-to a VA loan?
8 July 2024 | 15 replies
A quick google search for "va loan bonus entitlement" should provide you with all the information you need.Yes, anyone can assume a VA loan so long as they financially qualify.
Victoria Moberg NC Laws on having month to month leave
8 July 2024 | 1 reply
Hi Victoria,To sell your property and notify your month-to-month tenants, you should provide them with a written notice to vacate.
Shane Allman Escrow account for rent Question
8 July 2024 | 2 replies
This separation helps in maintaining clear financial records and simplifies tax reporting and financial management.Setting up an escrow account specifically for rental income within your LLC can offer several benefits:Financial Clarity: It separates rent payments from other operational expenses, making it easier to track income and expenses related to the rental property.Legal and Compliance: Helps in demonstrating that rental income is kept distinct from personal or other business funds, which can be important for legal and tax compliance purposes.Tenant Transparency: It provides transparency to tenants and other stakeholders regarding where rental payments are deposited and how they are managed.While it may not be a legal requirement in all cases, maintaining an escrow account specifically for rental income is a prudent practice that many experienced investors and landlords follow.
Richard Benjamin Wilhite Business Income that Doesn't Increase My Personal Income
8 July 2024 | 3 replies
The rental property itself provides the tax benefits and not necessarily the entity structure.Depreciation should wipe out your cash-flow from being taxed, especially given the high prices of properties right now.You should have your tax returns reviewed if your properties are reporting positive taxable income.