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29 June 2024 | 7 replies
Do property managers make it easy for you to get financial info and do your taxes?
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3 July 2024 | 36 replies
However after switching around to a couple when my team got started as we scaled to 80+ guesty was the clear winner.
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1 July 2024 | 12 replies
What will you do for tax mitigation?
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1 July 2024 | 8 replies
What you do after you buy the house and which room or area you occupy is your decision at that time.If you mention to the Bank/lender that you plan on living in the basement for example or an ADU they can deny the loan.
2 July 2024 | 8 replies
She should.Then you could 1099 her and not worry about payroll taxes - for agent-type services.For the maintenance work she does, also 1099 her by having her bid each job separately.Of course, speak to your tax professional about all this first, to make sure this would all meet IRS self-employment requirements.
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2 July 2024 | 13 replies
It will be done correctly every month and during tax time, you and your partners can easily have to CPA/book keeper issue 1099's and get your taxes filed on time with all the right deductions.
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3 July 2024 | 8 replies
Tenants would still have to tidy up after themselves and do their dishes and such.
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3 July 2024 | 6 replies
You can say we will meet and I will give you the check after you sign the lien waiver.
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2 July 2024 | 29 replies
Refinance:- After fixing up, the property's new appraised value (or After-Repair Value - ARV) was $312,500- Lender was able to give me 75% of the appraised value as the conventional loan- Conventional loan was $234,375 (0.75 * $312,500), and they gave me back the difference between this conv. loan and the short term loan ($234,375 - $212,000) = $22,375 to me as loan modification- Refinance closing cost (incl. appraisal and others) was $13,502Overall BRRR Analysis:Purchase cost: $32,598Amount on rehab: $14,091Refinance closing: $13,502--------------------------------------------Total in the deal: $60,191Loan modification: $22,375(Lender gave back)--------------------------------------------NET IN THE DEAL: $37,816--------------------------------------------Why is BRRR so great compared with conventional?
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1 July 2024 | 8 replies
So after a booking, I automatically send them an email to customize their stay with an advertised amount (e.g., $150 coupon) then charge if they want more.