
4 May 2024 | 23 replies
Super easy.Eastern CT Savings Bank, CTFairway Independent mortgage corporation- uses blockchain to close in as few as 5 days.

7 May 2024 | 56 replies
I think this type of thing will disappear fairly soon since the IRS Chief Counsel recently released a memorandum on the topic of penalties for aiding and abetting understatement of income tax as it relates to cost seg.

2 May 2024 | 10 replies
You will need to work with a tax professional to analyze your current tax situation (income, deductions, activities, etc.) as well as projected income from the fix and flip business.The benefits have to outweigh the costs (payroll costs, additional tax returns, more stringent reporting and compliance requirements, etc.).One important note - an S Corp is not an entity; it is a tax election.

5 May 2024 | 2 replies
Starting next year, I’d like to use the property as a primary residence, but I’m trying to take advantage of bonus depreciation running it as STR for remainder of the year and take the paper loss against my spouse’s w2 income.

4 May 2024 | 3 replies
I have a few owner financed real estate deals I’d like to track efficiently while also managing rental income.

3 May 2024 | 3 replies
Establishing a corporate entity, such as an LLC or corporation, under which the property will be vested, is a common prerequisite.

6 May 2024 | 37 replies
Types of investors who want to find hard money lenders include:Investors with high debt-to-income ratiosProperty investors who cannot get a loan from a traditional lender or bankInvestment property developers who need fast access to fundsCommercial property developers who need a bridge loan but cannot get one from a traditional bankSometimes, homeowners facing foreclosure may utilize hard money loans to avoid losing their homes.https://www.biggerpockets.com/blog/how-to-become-a-hard-mone...

6 May 2024 | 14 replies
For income verification, I plan to obtain a copy of the employment contract.

4 May 2024 | 2 replies
STR with a 50% occupancy monthly income I'm guesstimating to be about $2,037.

2 May 2024 | 9 replies
I have a cash flowing MF portfolio (about 80 units) and I will be leaving my corporate job soon to 1) be a better Mom to my kids and 2) focus on growing my RE portfolio.