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18 March 2024 | 6 replies
You will pick up all of the income and expenses from Open Door Capital on your 1065 and then issue K-1s to yourself and wife for your proportionate shares of your LLC.
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18 March 2024 | 7 replies
Rental income, closing costs, rehab costs?
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18 March 2024 | 2 replies
My husband started a business recently so income isn't steady and my income is on the lower end and we are struggling to cover our expenses since we have so many high interest loans.So my question is like this:1.
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19 March 2024 | 12 replies
Consider how you'll reinvest rental income, save for future down payments, and scale your real estate portfolio over time.Ultimately, the decision to invest in real estate or continue with your index fund investment depends on your individual circumstances, goals, and risk tolerance.
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18 March 2024 | 7 replies
I only have one property and it’s got around 80k in equity that I can’t use until mid July but make decent income from that rent, my plan was to use the initial cash out refinance to do a fix and flip or 2 to pay back the refinance and use profits to go towards another rental but the waiting period I feel is making me miss out on a lot of opportunities.
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20 March 2024 | 19 replies
Generally, when you redeem reward points for flights, hotels, or rental cars for business purposes, the IRS considers the fair market value of the redeemed rewards as taxable income.
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18 March 2024 | 11 replies
I need to replace that monthly income of $5200 a month, and I have ambitions to invest out of California and am looking at markets like vegas either short term rentals, codo hotel (very iffy on this), and Toledo, Ohio.
18 March 2024 | 11 replies
can cashout rural to 75% no income no doc on the DSCR program .
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18 March 2024 | 8 replies
LLC probably will just need lease and rent receipt, Conventional will want all your income docs etc.
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18 March 2024 | 10 replies
It increases the liability risk, it increases wear-and-tear, the tenant is using your property to produce an income, the extra traffic could impact their community, they may be operating in violation of the law, and more.If I caught someone doing that, I send them an immediate cease-and-desist.