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27 April 2024 | 5 replies
@Nick KnoblachOf course, you should always confirm with your own CPA who is familiar with your situation, but here's a few generalities:- CA taxes residents on worldwide income, so the CA resident will likely be taxed on the entirety of income that he/she receives on his/her CA resident tax return, including his/her share of rental income- CA will likely want to collect tax on all income earned in CA due to CA-sitused real property, so any non-residents in CA should likely be prepared to file a non-resident income tax return in CA to report his/her share of income earned from the CA real property-I'm not familiar with MN rules, but most states generally allow for a credit for taxes paid to another state.
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26 April 2024 | 4 replies
It tells you how much interest you must include in your taxable income.
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27 April 2024 | 7 replies
You are better off waiting until this renter is out, cleaning the place up, and then showing it vacant.Your lease should include something about the tenant maintaining the property, you should inspect every 3-6 months, and you should have consequences for tenants that fail to comply.
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26 April 2024 | 10 replies
ProForma showing the spread and the deal and offer equity share and how the ROI will work: payout.I put together deals in an email so all the investor does is click, see, and then decide to take action or not.Follow up is IMPORTANT.
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26 April 2024 | 3 replies
It's crucial to note that this does not mean the buyer assumes the loan; the original loan terms and obligations remain with the seller, which includes the debt remaining in their name.The bank's involvement is minimal in the sense that the loan is not officially transferred.
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25 April 2024 | 9 replies
Ive apply on two different accounts and sent customer service emails and no response.
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25 April 2024 | 7 replies
Definitely email some brokers.
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26 April 2024 | 5 replies
Does a full rehab include foundation?
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25 April 2024 | 1 reply
I have propstream and tried using the skip tracing feature but didn’t get much info other than the mailing address.
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26 April 2024 | 52 replies
My curiosity includes how timeframes are affected, the listing price of the home, quality of work etc.