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19 October 2021 | 9 replies
I was looking to do the project with one general contractor but am founding that it is easier to find individual local tradesmen (Hvac, plumber etc).
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18 October 2021 | 5 replies
Commercial loans do NOT impact your DTI when buying as an individual.
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3 November 2021 | 4 replies
Income earned by a retirement account will not be reported on your individual return.The way it will impact your return is when retirement account funds get distributed to you personally.
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21 October 2021 | 3 replies
We considered forming an LLC and sharing capital that way, but we know that lenders prefer to loan to individuals rather than LLCs with no income.
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18 November 2021 | 7 replies
But there could be individual circumstances where a hold period of less than that might be appropriate.
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19 October 2021 | 8 replies
I have more in the early stage than I will in any individual unit.The insurance is pricy as well.
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26 October 2021 | 14 replies
Google "IRS EIN" for the link or go to https://sa.www4.irs.gov/modiein/individual/index.jsp (current link today) Remember that every year you have to file a "no tax due" or your account becomes in bad standing (that happened to me once when I forgot).
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19 October 2021 | 7 replies
At the same time, begin to build a brand on LinkedIn because this is likely one of the highest concentration of high net-worth and high income individuals anywhere online.1.
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25 October 2021 | 3 replies
@Jennifer Nowak, I recommend QuickBooks Online (at least Plus) because: 1) QBO can be set up/manipulated to track flips and rentals separately as well as each property and entity individually all under one subscription (Location = Entity; Class = Property; etc).2) QBO has a better bank feed system than other software due to their secure relationship with a ton of banks.
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24 October 2021 | 0 replies
Since we are building individual units we have to consider impact fees for each unit for the city and water sewer and water line for them to have there own meters.Once permits are approved, we estimate the first model to be done in 2 months.