29 March 2017 | 1 reply
@Joe DiceIs it true...You will pay state and city tax on your net taxable income at whatever tax rates NY law has established.
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26 August 2023 | 21 replies
The general partner may be subject to Self-Employment Tax.LLC taxed as an S-Corp you will pay ordinary tax; however, once you have an established income the IRS likes to see that individuals are paying the operators a "reasonable salary" for the work being done.
19 April 2017 | 3 replies
I didn’t sign off for the package even though there is advisor trying to work with me, I don’t know if they are going to ask me for money again .
18 September 2018 | 11 replies
After establishing a relationship with the local bank, they bumped it up to 85% LTV.
19 May 2018 | 13 replies
Not just to protect our property but also because we don't know what bugs the new tenant may bring and we don't want these bugs establishing themselves in our properties.
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17 May 2017 | 10 replies
It’s easier to say that you found a more qualified candidate than to say you are denying them.You should establish criteria and evaluate each candidate on whether they make it or not, or come up with a point system and give it to the highest rating application.
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4 June 2017 | 92 replies
For my deals, I am not asking an investor for $20 bucks, rather my minimum investment is $100k, so it takes time to establish trust and credibility.My approach, and everyone is different, is to educate first and only present an investment offering when the prospective investor is educated.
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29 March 2018 | 3 replies
If they are going to stay, get pet deposit and pet rent and establish rules, like them being leashed at all times.
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31 May 2018 | 4 replies
I work as a financial advisor for a number of families with large real estate positions.
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17 June 2018 | 7 replies
So, if you use the camera 2/3 for fun and 1/3 for real estate - you can deduct $333 against your rental properties.How do you establish (and prove to the IRS, if it comes to that) your usage % - that could be a long conversation, and ultimately it is still subjective and debatable.You can also try a more advanced strategy that avoids the business use % hassle.