Jonathan Small
How to account income from multiple properties on a single 1099
17 April 2024 | 6 replies
By showing the full 1099 income on the return, it helps mitigate the risk of IRS flags or inquiries related to unreported income.However, it's worth noting that the IRS typically matches 1099 income reported by payers to the income reported on taxpayers' returns.
Alexandra Beard
Brad Smotherman's Apprenticeship Program
17 April 2024 | 16 replies
Just curious if anyone has taken BS's Apprenticeship Program and if you thought it was worth it?
Liel Lazar
Seller failed to disclose an insurance claim.
17 April 2024 | 13 replies
Their listing agent said they forgot about it and considered it a small claim not worth mentioning.
AnnMarie Bacchus
Do I need to use a CRM?
18 April 2024 | 13 replies
Ultimately, it depends on your specific needs and goals, but it's worth exploring to see if it aligns with your workflow!
Najeh Davenport
Section 8 property do i or dont i renovate
17 April 2024 | 11 replies
But I wouldn't go breaking the bank on anything there especially if you wouldn't see a drastic increase of what Section 8 may be willing to assist the tenant with.
Joanne Tsai
can no longer purchase umbrella insurance after 10 properties?
16 April 2024 | 18 replies
I just want to check with the group, are you finding the same challenge with getting an umbrella insurance with increase amount of properties.
Ather Taqui
Single vs multi-member LLC for husband/wife in non-community property state
16 April 2024 | 6 replies
It increases complexity and cost dramatically and thus should be avoided.Whether you need an LLC at all and other legal protection issues - now that indeed is for attorneys to answer.
Jonathan Rivera
How to determine what class neighborhood?
16 April 2024 | 13 replies
The high return is rarely worth the risk.
David Ferguson
Starting a LLC for rental properties, Virginia
16 April 2024 | 8 replies
As the other poster mentioned - make sure you set it up properlyIf you are looking for financing you will pay higher jnterest and higher down payment having it in a LLCMy recommendation to people is for their first few properties it may be worth putting in your own name and have an umbrella insurance policyIt depends on what assets you have.