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28 December 2013 | 21 replies
Anything you can easily do to promote an atmosphere of "good will" you do!
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10 December 2013 | 25 replies
Little income => little taxes at 44-47% If you are just starting out with one property and you are at a lower marginal tax bracket with your other earned income {those who are "self employed" can find ourselves in such a situation from time to time - either purposefully or not}, then the above structure is overkill and not advantageous.
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9 December 2013 | 10 replies
You can build a ladder as when you show income on property for 2 consecutive years, it's income producing (rather than debt) for mortgage purpose.
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8 December 2013 | 3 replies
By that I mean an LLC is simply the credit rating of the members at first until a company then establishes its own, I just think that if theres a system that creates LLC for resale for the sole purpose of having good credit lines… seems like credit fraud to me.
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13 December 2013 | 13 replies
At any time during the last half of the tax year, more than 50% in value of the corporation's outstanding stock is directly or indirectly owned by five or fewer individuals.For purposes of this requirement, the following organizations are considered individuals.A qualified pension, profit-sharing, or stock bonus plan described in section 401(a).A trust described in section 501(c)(17) that provides for the payment of supplemental unemployment compensation under certain conditions.A private foundation described in section 509(a).A part of a trust permanently set aside or exclusively used for the purpose described in section 642(c).Exceptions.
12 December 2013 | 4 replies
I guess what I'm saying is, go ahead and make your spreadsheet in a format that works for your purposes as the exported data can most likely be formatted to fit what you are looking for.
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11 December 2013 | 4 replies
That is just the value the county puts on property for tax purposes.
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12 February 2014 | 11 replies
Since this will be a low volume job that require a good response time, I assume that we will need some sort of national service that has the volume to manage what we are doing.The primary purpose of this post is to collect those service company's names, people's experience with them, or general strategies in solving this problem.With this information, we may change our stradegy.I will PM you though to start a dialog.
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18 December 2013 | 73 replies
I have done 2 single family properties this year and was able to be very accurate for the purposes at play.