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20 July 2024 | 10 replies
You might want to do a little research on what are called pay for delete arrangements depending on how old your collection accounts are.
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17 July 2024 | 6 replies
If the properties are split into more than one LLC, then each LLC will need its own accounts.Checking: collect all income here, then use it to pay bills.
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16 July 2024 | 16 replies
It would really suck to lose money and also have to pay taxes.
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19 July 2024 | 0 replies
I intend to sell one my single family homes (which I can avoid taxes on with the 2/5 primary residence clause) to obtain the needed capital.
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18 July 2024 | 0 replies
We haven’t filed personal taxes as our accountant extended after an accident so have no “income” shown through taxes.
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20 July 2024 | 4 replies
This is free to you as the Landlord generally pays commissions to this broker.
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18 July 2024 | 7 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
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20 July 2024 | 3 replies
So I think I will also plan on the conservative side as well.I put our first rent check in the savings account after paying the mortgage.
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17 July 2024 | 37 replies
A 1031 lets you use the tax to your advantage instead of paying it.
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20 July 2024 | 8 replies
If the owner could sell the house and pay off the mortgage, they probably would have done so already.