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13 January 2025 | 6 replies
However, there's a loss on the 2023 Tax Returns, and Net Income is $45,000 in 2022 (Client has lots of writeoffs) What loans could I use that only consider:- Bank Statements - 1099s - Credit Score Please contact me with options.
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5 February 2025 | 16 replies
Pretty much think of a commercial loan process as a residential loan process backwards.Lenders do go off the income of the property, but they also do check out the purchaser...3 years tax returns and a personal financial statement.
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12 January 2025 | 7 replies
You must have the Business tax license & pay all the fees required.
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11 January 2025 | 2 replies
Is the option government supplied insurance where taxes supplement the insurance?
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9 January 2025 | 2 replies
You did purchase the property in one tax year and are selling it in another tax year which satisfies one of the court rulings.
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4 February 2025 | 10 replies
I have gutted to the studs the last 5 properties I have bought from tax/foreclosure sales in this county and this one is not far from a full rehab.
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9 January 2025 | 11 replies
Investors often obsess over how to defer tax obligations and ultimately make poor investments due to being hyper focused on taxes.
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11 January 2025 | 12 replies
The key is that in order to completely defer all tax you must purchase at least as much as your net sale.
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8 January 2025 | 9 replies
Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.