Brandon Cao
Philadelphia Rental License -- Still Rent Without?
18 April 2024 | 33 replies
Hi Shree,Make sure you have a business privilege license and get a tax account number before you apply for the rental license.
Nami Sharma
Need Guidance for First-Time Investor
18 April 2024 | 2 replies
Is this a true 10% cap or is this what I refer to as the "realtor special" where taxes, insurance, water and a nominal maintenance budgetary number is included.
Katie Bustos
House hacking taxes?
15 April 2024 | 7 replies
Is there anything we need to do for taxes?
Joseph Hammel
Funding a solo 401k from rental income.
17 April 2024 | 13 replies
I would pay the same income tax and add fica on the sched C.
Toby Copeland
Avoiding Property Tax Reassessment
15 April 2024 | 4 replies
It’s in California and the tax basis is quite low.
Leanna Nixon
Cash Out Refi in Under 1 Year?
19 April 2024 | 20 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).
Tomoko Hale
Hold or do something?
17 April 2024 | 4 replies
We wanted to build a cabin for us but learned there is nothing and off grid so it has been sitting there for last three years and paying the property tax.
Amber C.
Accounting question for flips- WIP account
16 April 2024 | 5 replies
Currently, they are posting to the loan liability account only: From the loan account > draw bank account as a transfer in QBO.TIA!
Kyle Mitchell
How do you guys straddle the definition of investment property and second home?
17 April 2024 | 8 replies
If the tax deduction for investment was limited that first year because of the amount I stayed then that's just what it is.
Jay Chekansky
Seller Finance Buyer Fails to Maintain Insurance - Proper Way to Bill Back for FPI?
17 April 2024 | 4 replies
Upon default, our deed of trust specifically allows us to require the borrower to prepay into an account to cover insurance, taxes, or any other unpaid obligations.