Ricardo R.
Ask a Property Manager ANYTHING
6 February 2024 | 6 replies
Other then a though tenant screen (credit, income, rental history, pre screening questions etc.) what steps does the eviction protection offer to owners?
Harold Cherrix
Has anyone used Wealthability CPA Services
6 February 2024 | 6 replies
We did not need help in deciding what our investment niche would be; we needed help in creating and implementing a tax strategy plan for a married couple composed of a high-income earner and a real estate agent and business owner.
Jack Berg
Currently Renting - Landlord wants to sell - SELLER FINANCE?
6 February 2024 | 9 replies
We both have steady incomes, enjoy the area, etc. etc.
Florence Sullivan
WealthAbility Team as tax strategist - Worth It?
6 February 2024 | 7 replies
We did not need help in deciding what our investment niche would be; we needed help in creating and implementing a tax strategy plan for a married couple composed of a high-income earner and a real estate agent and business owner.
AJ Wong
High proportion of vacation rental and MFR sales are 1031X Exchange Transactions
5 February 2024 | 5 replies
Investors utilized either DSCR loans or lenders that allowed short term rental income to be calculated for income purposes.
Patrick Thomas Dickinson
Capital gains paid to irs
5 February 2024 | 4 replies
Otherwise, you have a penalty fee AND interest due from when the qtr'ly payments should have been made.So, in your case it might an incentive to get your return prepared and file as soon as possible to limit any late fee interest due.For those working a job with uneven payments, e.g. sales where commissions could be anywhere throughout the year, there is a part of the form (I think Annual Installments.. it was "AI") where you can try to show that you paid qtr'ly as your income came in.
Jeremy H.
Self Management - Yay or Nay? Why?
7 February 2024 | 13 replies
*IF* you can claim RE professional status - and this is where doing your own management comes in, if one of you doesn't have a regular W2 job - you can realize some major tax savings, especially because you can deduct any losses from the RE side from your W2 income.
Kyle Johnson
I’m in desperate need of experienced investor advice!
6 February 2024 | 25 replies
What I would encourage you to do is to compare how much cash you currently have invested out of pocket in the deal and also calculate what the cash flow is for that property.Cash flow is the income (rent) minus all expenses: mortgage payment (including principal, interest, taxes and insurance), average maintenance costs, capital expenses (new roof, hvac, water heater.
Quan Tran
Need help buying an AirBNB rental in Florida
6 February 2024 | 8 replies
If you want to think really big, go commercial multifamily, double the net operating income and the property value along with it.