Account Closed
Here's How to Calculate Rental Income For Child Support
10 October 2024 | 0 replies
Since the Internal Revenue Service (IRS) doesn’t consider child support taxable income, I would not consider it in the rent calculation unless you have a HUD-specific home.According to hud.gov, “[rental property] owners must count alimony or child support amounts awarded by the court unless the applicant certifies that payments are not being made and that he or she has taken all reasonable legal actions to collect amounts due, including filing with the appropriate courts or agencies responsible for enforcing payment.”So, does child support count as income for renting?
Logan Berry
Quit claim deed
8 October 2024 | 2 replies
@Logan Berry, a quit claim deed doesn't make something "worthless".A quit claim deed transfers any rights to a property that one person has to another person but makes NO guarantees about what rights that person had to begin with or even that they had rights.
Steve Dora
1st Purchase utilizing HELOC...what are my options?
10 October 2024 | 11 replies
My plan is to transfer my money from my personal account into my LLC savings to make my housing purchase.
Luke Stewart
Downtown Chicago Midterm Rentals
11 October 2024 | 41 replies
Many mid term travelers are families relocating to the area, displaced families (homes have had water or fire damage, or are undergoing extensive renovations, eg), international business travelers, families from out of state visiting their family here for a few months...all types.
Rene Hosman
Pre Event Intro - If you're coming to BPCON2024 let us know who you are!
12 October 2024 | 54 replies
Going international is more challenging, and I'm sure the weather kept some people away.
William C.
Cost seg depreciation recapture model
13 October 2024 | 11 replies
My uninformed opinion was that 1031 allowed for the deferral and transfer to the new property.
Tony Mai
Northpoint Property Management Columbus OH
8 October 2024 | 4 replies
I will post my story on here... it resulted in a more than 8000 loss... and water bills which were not paid, and which Northpoint was supposed to assist in transfering to tenant's name.
Avery Moore
Are there other ways to purchase Investment Properties?
8 October 2024 | 10 replies
Transferring a property with an existing mortgage to your LLC can sometimes trigger a “due-on-sale” clause, which could require you to pay off the loan immediately.If you’re thinking about expanding your rental portfolio, switching to an LLC could give you more flexibility and protection as you grow.
Gian Harris
Transferring RE License & Broker License.
3 October 2024 | 1 reply
I've received numerous different feedback but would like a direct answer to make sure I understand how the process goes in transferring a RE license and Broker license to another state.
Brandon Ja
Late Fee policies
9 October 2024 | 8 replies
I prefer tenants pay using electronic ACH transfers through apartments.com and in those cases payment is considered made when they initiate the transfer even though I don't receive the money for days afterwards.