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8 October 2024 | 5 replies
It looks like no matter what, my actual name will need to be filed on annual report with the NC LLC (even using a registered agent).
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8 October 2024 | 6 replies
Reposting from one of our FB forums:Homeowners who need to file insurance claims - read on.
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11 October 2024 | 56 replies
Good to have clear deadlines but overshoot them with a bit of buffer when possible!
10 October 2024 | 0 replies
Since the Internal Revenue Service (IRS) doesn’t consider child support taxable income, I would not consider it in the rent calculation unless you have a HUD-specific home.According to hud.gov, “[rental property] owners must count alimony or child support amounts awarded by the court unless the applicant certifies that payments are not being made and that he or she has taken all reasonable legal actions to collect amounts due, including filing with the appropriate courts or agencies responsible for enforcing payment.”So, does child support count as income for renting?
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4 October 2024 | 2 replies
If you fail to meet deadlines and satisfy the violations during subsequent inspections, Section 8 may abate their rental portion.
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13 October 2024 | 23 replies
If the title of your properties is vested in an LLC, and you file a BUSINESS tax return, it's important to note that positive rental income cannot be used to offset your DTI.
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8 October 2024 | 10 replies
You’d need to file the Articles of Organization with the Colorado Secretary of State (the cost is around $50), get an EIN from the IRS (which is free and can be done online), and possibly draft an operating agreement, which isn’t required in Colorado but is still a good idea.
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8 October 2024 | 6 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
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7 October 2024 | 7 replies
I would like to do the state filing myself, because its easy and cheap.
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8 October 2024 | 10 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.