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5 February 2024 | 12 replies
@Nolan MahoneyIs this a lease you created?
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6 February 2024 | 6 replies
The autistic child apparently is the one creating the most noise.A few days later, the noise persisted and the upstairs tenant came down and knocked on her door at 1:00 in the morning to confront her on the noise.
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7 February 2024 | 4 replies
This urgency to sell doesn't necessarily mean banks are more rigid or less open to negotiation than individual homeowners.
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7 February 2024 | 18 replies
Verification of Rental Property IncomeObtain the following: -documentation of cash reserves totaling at least 3 months mortgage payments (PITI), and -individual income tax returns signed and dated or lender-obtained tax transcripts, plus all applicable schedules for the previous 2 years, which show rental income generated by the property.• If the borrower has multiple properties, the borrower must document 3 months of PITI for each property to consider the rental income.o If there is not a lien on the property, 3 months reserves to cover expenses such as taxes, hazard insurance, flood insurance, homeowner’s association fees, and any other recurring fees should be documented for the property(ies).o Equity in the property cannot be used as reserves.o Cash proceeds from a VA refinance cannot be counted as the required PITI on a rental property.
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6 February 2024 | 7 replies
We believed that the main portion of that fee would go towards the tax strategy portion where your designated ‘tax team’ would help you create a customized ‘tax strategy plan’ to minimize your taxes moving forward, while the tax preparation for a simple portfolio like ours was thought to cost no more than $2k of the total fee.
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6 February 2024 | 3 replies
Also - you might be interested in this post, maybe: How to Create an Awesome Lead Generating Website in Under an Hour with No Technical AbilitiesHope that helps some!
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7 February 2024 | 14 replies
suggestions on how to achieve cash flow and have place to stay few months in a year (probably duplex / multi plex and have one unit for me ) Aloha Ron,It has definitely created a new set of obstacles, however, it is not impossible to cash flow on STR or LTR.
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7 February 2024 | 3 replies
Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.
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7 February 2024 | 34 replies
i feel like your cpa should have been able to provide you with better information than that on how to use this potential deduction properly. i use @beachwoodbuyshouses on IG and she's insanely knowledgeable on how things like this can work for each individual!
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7 February 2024 | 7 replies
or can we each exceed 100hrs assuming thats higher than any other individual participating in the activity?