Mary Holland
Hey everyone! Has anyone here gone through the application process for DSCR loans?
30 January 2025 | 7 replies
Most will require basic documentation such as a complete loan application, ID, Entity Docs, and 3rd party contact information.
Aldo Valeriani
Help Needed: Stop Work Notice in Covington, GA for Fix-and-Flip Property
29 January 2025 | 3 replies
@Aldo ValerianiYou address the issue with the permitting entity by asking them what they need from you?
Melissa Stanley
Starting with a Friend (LLC?)
28 January 2025 | 6 replies
It's just a pass-through entity so the income would flow on to your personal and you would pay taxes based the tax bracket you fall in for you personal income (from my understanding).
Justin R.
Who has moved from QBO to Rentastic (or other RE based software)
27 January 2025 | 17 replies
You may be able to see if a retailer still sells the 2024 version.If you can't get the one time purchase, you would need to see if the cost is beneficial.For real estate - Quickbooks desktop > Quickbooks online because you can set up multiple entities within quickbooks desktop and not pay an additional cost per entity that Quickbooks online would charge you.Best of luck!
Joshua Houchins
Accounting Software?
9 January 2025 | 16 replies
That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.
Eli Jerman
Taxes for 2024 - First rental property purchases in August 2024
27 January 2025 | 9 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.
Andrew Self
Mortgage Lenders for LLC
18 January 2025 | 11 replies
If your entity has several years of operating history and good and reliable financials, you may be able to find something.
Ricky Smith
Advanages of setting up a separately run management company?
13 January 2025 | 3 replies
From an operational standpoint you might also want to consider the cost of any extra tax returns that are needed by the entity as well as any extra accounting fees.Good Luck!
Sri R.
Multifamily Groundup Construction loan
14 January 2025 | 4 replies
The requirement to do this generally involves an experienced GC signing on the borrowing entity as a 20+% owner thus making them a signatory on the loan and responsible for the debt which in most cases is not very easy to find.
Allan Yeung
Zoning Conversion (Zoning Code G to Commercial )
6 January 2025 | 3 replies
Zoning codes and definitions are different by zoning entity.2.