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18 September 2018 | 6 replies
The lender will give you credit for 75% of the expected or current rent to qualify for that mortgage as extra income over what you earn from your employment.
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20 September 2018 | 4 replies
The administrative headache of having to keep extra bank accounts and tax returns isn't worth the extra headache, especially given there isn't any case law to actually uphold the validity of what the Series LLC is trying to accomplish.
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19 September 2018 | 9 replies
The $100K withdrawal would be added to your current income and you would be taxed on the total in the higher tax bracket.
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22 October 2018 | 14 replies
Add some updated (but cheap) exterior lights and interior LED lights (either recessed or swap out bulbs)If bedrooms only have 1 dome light, could consider adding a nice big fan/light combo.
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20 September 2018 | 12 replies
Basically, 1) if you travelled after identifying the propery that you bought but before the purchase , that would be added to basis.2) travel after buying the property might also need to be added to the basis, but there are some flexibility, and can be deducted. 3) majority of the work done before renting will be added to the basis.
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18 September 2018 | 8 replies
They intercepted the contract somewhere, duped the attorneys address (added a 1) and sent out wiring instructions.
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8 September 2020 | 11 replies
Do you eat that cost or is it added to their rent payment?
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18 September 2018 | 2 replies
I got into some ads and the reply of at least two of the ads were exactly the same but coming from different email address.
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22 September 2018 | 7 replies
They are most likely not cash flowing, probably it is only equity pay down they are getting and appreciation as added bonus.
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19 September 2018 | 2 replies
Any help or recommendations would be greatly appreciated and if you would like to be added to my buyers list please let me know.