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19 July 2014 | 3 replies
I plan to make each unit a separate entity (I believe Quickbooks calls them classes) in the software for tracking rent and expenses per unit.But should I also report on them for tax purposes as 9 separate units or should I roll them up into 4 because that's how many separate addresses there are or should I roll everything into 1 property on the schedule C come tax time because it's one physical building with one mortgage, etc.?
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18 July 2014 | 13 replies
Again, if the seller financing is for an investment property, a business purpose, Dodd-Frank does not apply and you don't have to use a RMLO, an attorney should be versed in providing a note and deed of trust or mortgage.
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31 March 2015 | 24 replies
A logistical challenge solved, again at some expense.I'm not being critical, I just think that anyone attending these events needs to understand that the primary purpose of each event is to sell prospects on the next event.
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18 July 2014 | 3 replies
I can't comment question #1 because if self promotion rules. #2 - You can partner your IRA/solo k with any person/entity but it's important that your plan funds to operate separately (side-by-side).
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24 July 2014 | 11 replies
The primary purpose of the form seems to be deterance of renting to criminals, the unintended consequence is that the form is needlessly invasive.
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23 January 2015 | 13 replies
My experience with Tax lien course promoters it they overplay the advantages and underplay the risks.
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12 October 2014 | 11 replies
For budgeting purposes, I would stock 6 months worth of rent into a savings account to protect yourself.
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31 July 2014 | 5 replies
This outline below is for my first deal, which the purpose of is to provide housing for me and have rental income from 1-2 other units while I am in college until I graduate in which I will continue renting and move on to other real estate deals.
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13 August 2014 | 7 replies
And, for the narrow purposes and needs of the developer, the architect does not need to know.So, should litigation then occur, as it often does, the stamping architect armed with only partial information and limited involvement is not in a great position.
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27 July 2014 | 2 replies
For appraisal purposes, a closet an door are not necessarily required for a room to be called a bedroom... but there are conditions and stipulations.