
22 April 2023 | 25 replies
First of all, the way your LLC is managed has nothing to do with the way it is taxed:Single Member LLC (either member managed or manager managed) can be taxed as disregarded entity, C corp or S corp.Multi Members LLC (member managed or manager managed) can be taxed as partnership, C corp or S corp.The way the LLCs are taxed is an election you make with the IRS.

6 February 2024 | 14 replies
Should we conclude that the democratically elected governments in Mexico and the US don't care about these problems?

28 April 2023 | 116 replies
The tenanting fee is one months rent, but it didn't sting to bad because the first mortgage payment was not due until Jan 1 2018.Now the nitty gritty numbersDown Payment $19,500 Loan amount $78,000Loan Costs, Origination Fees Etc $2692.00Govt Fees $204.50Initial Insurance premium $757Prepaid Escrow $425 (not a deductible expense, but still out of pocket)Elective inspections: Home, Termite etc $592.00TOTAL OUT OF POCKET: $24,170.50PLUS legal, accounting, and title transfer fees: ++++ ongoing and pendingFor the first year or so i plan on making a decent return as vacancy and maintenance will be lowMONTHLY INCOME $950EXPENSES$578 PITI (taxes are 945/yr, insurance is 757/yr)$85 Property ManagementThis will leave $287 for me as cash flow.

12 February 2024 | 1 reply
Some carriers will allow you to elect ACV (actual cash value) coverage, but you have to be aware of lender requirements and coverage concerns that come with this type of policy.

30 January 2023 | 13 replies
They can also be an LLC that specifically elected to be treated as a corporation – there is a box for this option, too.If they signed that they are a corporation, as opposed to a single-member LLC – then you’re off the hook.What about DBAs?

12 July 2022 | 12 replies
@Yashar Fred - Set them up for apartments.com all day and have them elect autopay.

22 April 2021 | 7 replies
Check for client reviews and agency ratings for the intermediary you elect to work with.
6 May 2021 | 1 reply
Do I need to make any election for two year replacement option so client does not have to pay any taxes as long as the replacement cost is same or more than adjusted basis of building destoyed.

12 January 2020 | 31 replies
@Maria A A.Nasa just got a $19B federal funding that was signed into law by President Trump.