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26 October 2021 | 9 replies
If I own both 100%, and both are on my personal tax returns, then it seems I can get away with it.I may just file a quit claim, as this seems to be confusing everyone including myself.
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25 October 2021 | 3 replies
I've always had separate quickbooks files for each rental property I have.
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22 October 2021 | 5 replies
Once you buy one, you'll probably buy more.Some suggestions:1) Us Quickbooks and set up Classes for each property and subclasses for each unit. 2) Scan EVERYTHING to either Google Drive or Dropbox. 3) Create a consistent folder-tree convention, example: Main_123 (property address with street name first) -General Property Info --Insurance --Property Taxes --Title Docs --LLC DOcs --Purchase Docs --Loan Docs-Utilities-Maintenance-Leases --Folder (LastName_FirstInitial)-Advertising-Rental License-InspectionsAppliances & Mechanicals (pics, model tags, warranties, etc)4) Create list of consistent naming conventions for files so you don't have to open themExample: yyyy-mm-dd Main_123 Water Bill mm-dd to mm-dd $xx.xx Lease Main_W_123_#unit (LastName_1stInitial) $RentAmount EXP yyyy-mm-dd5) Create a great lease by reviewing several from online, then have attorney review for compliance with state & local laws.
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22 October 2021 | 1 reply
Preferably in SW Florida.The property is in Florida so I believe I can have the case filed here?
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22 October 2021 | 1 reply
They may also be able to get together and file a lawsuit blocking the action.
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22 October 2021 | 0 replies
Good Morning, My client had a SBA loan discharged in bankruptcy over 3 years ago.
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22 October 2021 | 1 reply
Good Morning, My client had a SBA loan discharged in bankruptcy over 3 years ago.
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25 October 2021 | 3 replies
The second refinance is generally easier because you already have all of your documents and personal information on file and credit reports are good for (90) days to avoid multiple pulls.
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24 October 2021 | 1 reply
This is common and fairly frequent.One thought on the discrepancies is builder filed plans to build one floorplan with the city and built a different one, but who knows where it went different.While lots of people try to calculate prices/sqft and maybe even rent/sqft, I don't think that is always fair and accurate as locations are different, lot sizes different, and every house is unique in some way.
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6 December 2021 | 11 replies
Once we got the above plans then we filed for a permit with the Sudbury building department as a general contractor.