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1 February 2025 | 3 replies
It might be payment notices are going to a different address and it is simply overlooked.
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10 February 2025 | 21 replies
Putting 10%+ down with a different lender and getting lower points and interest is 100% better.
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31 January 2025 | 7 replies
My CPA was unsure... do you issue 1090-NEC for the difference between 1099-K and 1099-MISC or do you double up the income (i.e. 1099-NEC for gross rents from PM, 1099-K of the net owner distribution on 1099-K, then owner reports double income and puts a line item expense for the 1099-K since 1099-MISC covers gross rents).You need a new accountant lolPM issues 1099-MISC, not NEC for rental income paid to property owners.You would still issue the rental income paid to the owners regardless of the payment method.The Property Owners should add an expense line item on Schedule C stating that income reported twice on Form 1099 to offset any duplicated amount.
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21 February 2025 | 182 replies
Unless anyone else had a different experience?
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30 January 2025 | 0 replies
.- Standardized Renovation Models: Establishing a clear scope of work for different property types can help manage costs and reduce unnecessary decisions.
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30 January 2025 | 3 replies
Sometimes, different lenders have different approaches to rental income calculations!
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27 January 2025 | 15 replies
Different DSCR lenders have different guidelines.More on DSCR loans: DSCR loans won't use your income to underwrite the loan.
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7 February 2025 | 10 replies
Chicagoland as a market may appreciate at different rates, and property taxes certainly do not help the cause.
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29 January 2025 | 11 replies
I could come up with a down payment for an investment property in a different state easier than my home state at prices are pretty high in the 300-400 k just for townhomes.
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24 February 2025 | 72 replies
Here's the red flags that we had missed when we were still fairly green: 1) Credit card declined so they gave us a different card from their "sister"2) Booked last minute3) Locals4) We had even asked for an ID so they sent a fake passport but the name was spelled slightly offThey had parties at the property and destroyed some things.