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2 May 2024 | 19 replies
Use your least tax-efficient money to buy your most tax-efficient assets.
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3 May 2024 | 1 reply
I found there was loans taken out using a 3rd party that was disguised or hidden on their taxes.
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2 May 2024 | 4 replies
I have a Villa in Tulum, Mexico and am having a hard time understanding how much of the "Host Payout" actually goes to me, because I would think that the entire $665.57 would be mine but it looks like they deducted the "Cleaning Fee" and "Remitted occupancy tax" the "cleaning fee" I understand but am confused on where the "Remitted occupancy tax" is going.
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1 May 2024 | 4 replies
If you plan on buying in your entity I would set it up prior to seeking any type of pre approval for financing.
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2 May 2024 | 7 replies
Finding maintenance issues prior to them becoming a larger problem (water leaks, pipes, roof etc.).
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1 May 2024 | 7 replies
A bill that would have increased property taxes 400% on all STRs failed by a wide margin on Tuesday.
3 May 2024 | 5 replies
If the STR income is on your tax return it is qualified just like long term rent using this form: https://content.enactmi.com/documents/calculators/Form1038.C...
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1 May 2024 | 16 replies
You can find Fannie Mae’s here: https://servicing-guide.fannie... and Freddie Mac’s : https://guide.freddiemac.com/a...It actually looks like Freddie Mac requires you to have the loan for 12 months prior to requesting transfer, so you might just have to wait out that time period before requesting.
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1 May 2024 | 16 replies
G'Day folks,I've reached out to my legal and accounting team for referrals but they had none.The IRS is absolutely useless and we have tried dealing with them for over a year now on this matter.At the point of just hiring and handing over to legals to deal with itPaid off $70,000 in prior year taxes and have receipts and deposits as proof, etc...
3 May 2024 | 8 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).