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Results (10,000+)
N/A N/A Taxes
27 August 2007 | 3 replies
No, in fact it will often raise them.Both here and on 3 other sites I see people contemplating 1031 exchanges when they barely have enough gain to justify the expense of a facilitator and the extra acquisition costs.For the record my income tax return for the past 12 years has had all of the following, just about every year for most items.W2 income, 1099 consulting/sales incomeInterest income, including interest from seller financed loans,Recapture of depreciationRental income, and expenses and depreciation on rentals pptyLT cap gains from sale of long held rentalsST cap gains from flipsSub S corp income from my sales company401k reductions, SIMPLE reductionsOffice in house expenses, loads of mileage for business travel and other self-employed business expeneseDividends from stocks and mutual fundsDespite all of this carp I feel confident, because I closely review the return and question the CPA that if I wanted I could purchase TurboTax and do it myself.
Joshua Hill Uneasy feeling: How do you know if you are overextended?
21 February 2008 | 11 replies
There is always going to be some level of risk in anything worth doing but I think it gets easier as you go along.Another thing to consider, is your day job the kind that you could easily become employed with another company for comparable pay?
Nathan Emmert 18 units - $230k... really?
1 January 2012 | 8 replies
They want to see 90% to 100% occupancy.Secondly if you could find a private lender they would not give out a larger secondary loan subject to the sellers first mortgage.That is a very weak position to be in.You have to be really careful in smaller towns.The fact that the seller stated it gets better with temp workers shows this might be a one to two company economy town.You want national businesses there along with mom and pop to prop up the economy.You do not want one to two big businesses and if they leave the town becomes a ghost town.I have seen this happen.There was a town where the main employer was for carpets.Many immigrants worked there and rented apartment buildings.The state passed a new immigration law and many fled the area and with construction down not as much work could be found.This led to 100% occupancy and rents going up to 70% occupancy among all the apartment buildings and rents going down.So it is critical when looking at these types of deals to understand what caused the problem and where does the town look like it is going long term.If you estimate the town will take 10 years to cycle and your goal is hold for five it won't really meet your goals plus can you harbor having a problem property until it up cycles again??
Nathan Emmert "You haven't been a landlord long enough"
21 January 2012 | 12 replies
Among them are:-Credit Score-Derogatory Items-Inquiries-Credit Maturity-Credit Diversity-Credit Report Aliases, Addresses, Employment Accuracy-D&B Score-Experian Business Score-Equifax Business Score-Revenue Documentation-Assets and Liabilities / Net Worth-Debt Coverage Ratio-Revolving Debt Ratio-Time In Business-Type Of Business (Real Estate is a red flag for many banks...you need to find the right one)-Secretary of State Validation-Phone/Voicemail Verification-Address/Phone Directory Verification-Website, Email-Bank Theatrics (How you perform on the phone)Are you looking for a specific type of financing or a bank that is flexible and will loan on different types of projects?
Takeshi Yashima Bookkeeping for rental property
23 November 2018 | 49 replies
He is really inexpensive ($175/year for entire tax return including self employed realtor business) and the software is pretty easy to use once you get it set up.
Danny Day BofA to slash mortgage balances by $100,000 or more
1 April 2012 | 29 replies
Especially if I'm right in assuming that would help stimulate the market's rebound... return confidence to those who can buy but aren't for fear we aren't at the bottom, that they couldn't resell if they had to in 3 or 5 years... allow those who want to move but can't to be able to, to go where jobs are, to go from "under employed" to fully employed... to convince investors who still aren't sure about real estate to chase the market and poor more money into it...
Christine Magee Non-license Real Estate assistant
15 June 2016 | 24 replies
Perform general clerical duties.Unlicensed assistants or individuals may be employed, supervised and directlycompensated by a broker, associate broker or salesperson.
Kevin Parnella Retirement funds to purchase an investment property
23 February 2015 | 12 replies
I emailed my HR person to obtain a Terms of Withdrawal to review if my next employer will allow for loans.
Jennifer Hollstein Starting and Creating my business
7 November 2014 | 2 replies
Its also subject to self employment tax (SET). 
Justin Green Creative Financing
12 December 2014 | 22 replies
I am self employed right now.