Account Closed
My LLC finally made some money! Now how do I get $ and pay taxes?
6 September 2015 | 10 replies
You can still expense the real expenses related to the property/deal to the property to reduce your tax bill.Get your tax and asset protection advice from your own professional advisors, but generally speaking, you are doing business with an LLC, but effectively negating the LLC and doing things like a sole proprietor.
Mindy Jensen
Looking for ways to repair credit
14 September 2015 | 10 replies
Then, of course, they will need to pay off the reduced, more manageable debt.
Matthew Russell
Upfront Rent Payment
25 June 2021 | 23 replies
Our business is designed to collect money on the first of every month and usually when landlords get greedy at the sight of a wad of cash their brains and common scenes go out the window.At the end of the year I make my full income without ever having to reduce my rent.
Dominic Lobban
How well do wholesalers do in a declining market
1 August 2015 | 2 replies
I don't think it matters if there are buyers or not, when ORC (Ohio revised Code) is not in your favor, the "classic" wholesalers will eventually be, by statute, reduced or eliminated.
Benjamin Mueller
Over the phone pre application
30 August 2015 | 9 replies
Thorough tenant screening will be beneficial to all and will reduce your risk and liability.
Ian McDonald
Depreciation recature and capital gains
8 August 2015 | 6 replies
Just to add to Wayne's comment.Over the four year holding period, the depreciation you took reduced your taxable rental income by $10K.
Joy Hardin
Do you provide HVAC filters for your tenants?
12 August 2015 | 9 replies
If they have to buy the filters expect them to run the unit on a dirty filter for 6-12 months, substantially reducing the life of your HVAC system.
Enrique S.
We got a call from Renatus and we were shocked...
5 August 2019 | 28 replies
Why not learn once how to avoid the common mistakes and reduce your losses?
Amir Saeed
Section 8 Insulation Question
15 February 2016 | 46 replies
Yes, you want to have the bulk of your insulation in the conditioned side of the envelope (wether it be wall or roof deck), but placing a certain amount on the exterior as a means to control the condensation point within the wall/roof assembly and to reduce the thermal bridging of structural members (studs, headers, rim boards, rafters, etc).
John Cava
Suggested terms for contract offer SF home PDX
18 February 2016 | 4 replies
You can always use an amortization schedule, but this just increases payments, reducing cash flow, and doesn't do much to the principal balance with a 7-10 year balloon window.