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6 February 2017 | 3 replies
On a traditional bank loan, the bank sends out a 1098 mortgage interest statement to show what interest you paid for tax purposes.
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7 February 2017 | 11 replies
All of my properties go through there and at the end of the year everything comes up in one form for tax purposes".
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3 February 2017 | 0 replies
If one were to become an agent in order to gain access to the MLS for investing purposes, are there brokers specifically for this type of thing.
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7 February 2017 | 1 reply
The LLC became a partnership for tax purposes at that point in time.
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8 February 2017 | 5 replies
Unless the tenants are going to pay me similar interest, or I really wanted access to equity for some other purpose, what is the value proposition for me to make less interest?
4 February 2017 | 1 reply
LLC's are considered "disregarded" entities and as such all taxation is on a "flow through" basis....meaning the IRS treats the assets in the LLC as if you owned them personally for tax purposes.
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6 February 2017 | 2 replies
I'm due for a promotion in the next 6-8 months which will put me at $625-$730 a week, depending on how much I work.
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7 February 2017 | 20 replies
In response to your question on Lima One Capital, I have used them as well as many others and there are ways of using the HML for more than one purpose, it all depends on your situation and project.
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4 April 2017 | 11 replies
Inadvertent ponzi schemes are more common with funds than they are with one-off syndications and they generally occur because the promoter fails to keep their books in order properly.
1 April 2020 | 15 replies
But I'm pretty sure a married couple is not allowed to each have a "primary residence" (at least for tax purposes), but I'm not sure how the FHA views this issue.So if only my name was on the mortgage, could that multi-unit be my primary residence as the FHA requires, while my other house would be my wife's primary residence?