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25 March 2024 | 1 reply
I have a tax question regarding how to report my rental income when my tenant made and paid for improvements and I am reimbursing them by lowering their monthly rent.
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25 March 2024 | 1 reply
And is it better for a wholesaler to buy/sell a home under a tax foreclosure or a mortgage foreclosure?
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25 March 2024 | 0 replies
Thanks to the Cost Segregation Study, the property investors were able to reclassify the property into the following categories to accelerate the depreciation:The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.
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25 March 2024 | 8 replies
I'am considering these states as property tax and tax are low in the states and my husband did his graduation from Arizona and Nevada is closer to where i live and North Carolina is in my mind without any specific reason:) .
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25 March 2024 | 7 replies
It is also very big and requires constant reno/repairs.My tax returns are laugh worthy to conventional lenders and I have 2 other properties so my debt to income ratio looks ridiculous to the average underwriter... but the cash flow is definitely there.
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26 March 2024 | 7 replies
Legitimate hard money lenders and private lenders may not ask for business taxes, bank statements, or other documentation but they will ask for much more money down, their terms are usually 12 to 24 months loans, and higher interest rates.
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26 March 2024 | 11 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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26 March 2024 | 47 replies
I also pulled the trigger on 1 pasco tax deed sale.
25 March 2024 | 1 reply
I get the $25,000 to $50,000 Option fee for my pocket, and I can buy another property, plus I get about $8,700 a year in cash flow and the principal pay down and the equity capture and the tax write offs.
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25 March 2024 | 11 replies
Research rates for a payroll service for your employee that can handle your federal state and local employment taxes / calculations Know your federal state local and county tax requirements as well as whether you must have workman's comp for the person or not.