Mineto Anfield
Personal and Business Tax Prep
24 March 2013 | 4 replies
You would need to incoporate or have a business partner before you can treat it as anything else.
Tim Burk
Turning condo into a rental after a recent refi?
27 March 2013 | 6 replies
Some things are treated differently on paper as compared to in practice.
Chris Bounds
Houston Apartment - 29 units
24 January 2016 | 29 replies
Also, I'd have to vacate one building to treat it.
Jose Garcia
New Member from Suffolk County in Long Island, NY
4 November 2013 | 8 replies
Too many people treat it like a hobby, when it should be treated like a business.
Cory Rogers
Newbie
28 March 2013 | 10 replies
That means you will treat those as income on a Schedule C or other business entity if incorporated.Also, you do not lose the tax benefits of your rentals.
Cory Rogers
Wholesale bandit signs
7 December 2018 | 42 replies
They make you look shady, absolutely not credible and a small fry.You want to be treated like you are a reputable legitimate company?
Karen Margrave
WHAT WOULD YOU DO? HARD MONEY - J.V. PARTNERS ??
15 October 2017 | 12 replies
While we trust the contractor, funds are still treated as if they were comming out of a bank, lien waivers, etc.
Andreas Sakellaris
How to Structure this deal, please advise:
6 February 2019 | 5 replies
Dodd-Frank and the SAFE Act effect sales to owner occupied buyers.They cover any financing arrangement, call it what you like, if a dollar is credited toward the purchase price from any payment structure over any period of time, it's a financing arrangement.Next, you are putting way to much down for a lease purchase, no wonder the seller is flexible, residential should not exceed 10%, actually, just under that as the IRS may treat the transaction as a disguised sale.Next, a lease-option is the worst way to control a rental property.
Jeffrey Mason
Young investor just getting started
15 February 2014 | 17 replies
Now it's a business and an investment to my future and I treat it that way.
Andre Johnson
Motivated Seller
8 July 2014 | 3 replies
No you would just treat it as if you were buying the home off MLS.