
8 July 2024 | 4 replies
The property is located in Rock Falls, IL We'd be able to provide debt on that.

7 July 2024 | 11 replies
They are Security America Mortgage and Capital City Bank.

8 July 2024 | 6 replies
@Jesse BennettWe have tried this and it did not provide us any better results

10 July 2024 | 24 replies
What kind of services do you provide?

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.

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.
6 July 2024 | 4 replies
Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

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.

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.

8 July 2024 | 11 replies
I appreciate any advice you could provide.