Lynette Guy
Leaving Evolve Vacation Rental
17 April 2024 | 35 replies
Evolve has taking over tax reporting and payments as os 11/1/21 and as of today 11/29/21 have not communicated anything about this to me.
Allison Anze
Starting out - Finance knowledge needed
15 April 2024 | 1 reply
I have a partner and he is more so"in charge" in looking a properties and i am mainly focused on taxes, potentially starting and LLC etc.
Jonathan Murphy
In dire need of help finding an apartment
14 April 2024 | 0 replies
Hello, before I give my story, my wife and I are looking for a 1-2 bedroom apartment we have a monthly budget of 1750, we both have poor credit, my wife Ariana, Graduated from Brown University last year, she will be 48 in May this year and is currently an Operations Manager II at kent hospital through Sodexo, she makes 75k a year, and approximately 4500 after taxes a month, she has no criminal history, as to our poor credit, we had to choose between paying our rent and electricity during covid, or pay our credit cards, we have never missed a rent payment, and have lived in the same residence for the last 4 years with no issues, we are looking for an apartment because our landlord wants to renovate his building. with that said...I am writing to proactively disclose information that may appear on a background check.In 2009, I was involved in an incident that resulted in a felony charge.
Aaron Bard
Taking a look at different financing options...
17 April 2024 | 17 replies
[Copied from my post in "General Real Estate Investing"]FUNDING UPDATE:Hi everyone, thanks for keeping up with me and my undying drive to acquire this property (off-market value-add duplex in my market).I spoke with my lender and the idea came up of pulling a HELOC on my 3-Unit house hack (which I bought some significant equity in) and using that line of credit for the down payment of a DSCR loan.
Sendil Thangavelu
Rental applicant pattern of too many enquiries in their credit but great score
13 April 2024 | 2 replies
Hello,I have an applicant for my rental property that has a great credit score, but for the last 4 months I see a pattern of 5-10 enquiries per month in their credit score.
Chris Holmes
Not Convinced RE Investing Is Worth It
15 April 2024 | 12 replies
Obviously this is a great benefit, but I can't see any other benefit from a tax perspective.
Veronica Solomon
Insuring Rental Properties Deeded into LLC's w/ conventional personal loans attached
16 April 2024 | 11 replies
It really depends on your situation and you probably have low or small transfer taxes not sure of your exact location.In PA just transfer taxes alone depending on your valuations may deter some owners.
Kent Smith
help for a newbie re taxable rental income
15 April 2024 | 7 replies
I assumed that we would end up basically owing nothing since depreciation, repairs and non-principle portion of our mortgage payment on the house greatly outstripped the amount paid toward principle.The tax preparer said we had to pay taxes on essentially the entire rental payment since our income was basically at 150k.
Jane Z.
Hiring kids for a rental LLC
15 April 2024 | 19 replies
Hi,I have several children related tax question.
Tempu Nefertari
Choosing a HELOAN Lender
15 April 2024 | 4 replies
2nd mortgage 30 year fixed 2nd mortgage are more common to get than a line of credit