David Walton
1099 Filing Question
30 January 2024 | 5 replies
They managed, accepted rent payments, made income from repairs/fees, and provided the owner monthly disbursements from January - September of 2023.We signed a new contract with the owner and were given tenant information/leases from the old company, as well as the security deposits.
Curt Smith
filing taxes on a note that I foreclosed on AND got the property back a low FMV.
30 January 2024 | 13 replies
.- Interest income is just that- Expenses in the tax year are prescribed as above.
Bryan Buckingham
How can I keep a home and have cash for next project?
30 January 2024 | 7 replies
I am the builder and self employed, therefore no Additional DTI from my income because I’ve been self employed less than 2 years.
James Lydon
Boston Rental Property Advice
31 January 2024 | 7 replies
The best way to get around that is to fund a heftier down payment, wait for rates to decrease, or find a 2-4 unit that will allow higher rental income.
Jack Elliot
Recommendations For Investor Friendly Tax Pro?
30 January 2024 | 5 replies
The firm I worked with in the past charged me massive fees, largely because we were higher income and they didn't back it up with value.
Michael Gangemi
Group consensus on a deal
31 January 2024 | 26 replies
My understanding is that AirDNA includes cleaning fees in their gross income projections.
Mei Bae Wu
Looking for advice from lenders!
30 January 2024 | 5 replies
I am aware that lenders require 2 months paystubs for pre-approvals however, they have not been receiving any income for the past year due to being on sabbatical.
Bubba McCants
Purchasing Investment Property for College Students to Live
30 January 2024 | 2 replies
I am thinking about purchasing a single family home or multifamily as an income producing property along with a place for my son to stay.
Justin Goodin
👋Capital Calls: What Investors Should Do
30 January 2024 | 8 replies
I highly recommend any potential LP require their syndications to share: Income statement, including all partnership level expenses, Statement of Cash Flow and Balance Sheet.
Tyler Burlison
What to do with gains from rehab/flip
30 January 2024 | 12 replies
The best way to save taxes would be selecting the right entity, finding the right kind of retirement account, using depreciation form rentals to offset your income, and such.