Tripp Weaver
LLC Set Up
27 May 2024 | 1 reply
Also, will I continue to get the W-2 Tax benefits using the STR loophole if I move these properties into an LLC?
Mark Humphrey
Financing an Income Producing Property
28 May 2024 | 8 replies
Feel free to reach out when you're ready to have a conversation about what the financing will look like.
Alecia Loveless
Unhappy tenant What to do
29 May 2024 | 16 replies
It may be hard for the next 30+ days while they rant, rave, and try to make your life miserable, but then they will be gone and you will immediately notice your stress levels go down, you will free up a lot of time, and everything will be better.P.S. this is one of those situations where you may want to sweeten the pot.
Nicholas DiSanti
Trying to Assume Someone's FHA Loan but NOT planning to live there
28 May 2024 | 7 replies
If you do not plan to live there buy it as either as a Seond home or investmet.Second Home is 10% down - seller can offer seller credit to cover closing costs.Investment Home - 15% down - Selelr credit but ony 2% of sale price Max.Pull cash out of your primary or another property via cash out refinance or LOC for the down payment.Feel free to reach out if you have any questions.
Matthew Crane
How will building RV/Boat storage impact my W2 taxes
24 May 2024 | 6 replies
your business will have it's own tax return depending on how you structure it and you'll get a partner return either profit or loss and that will pass through to you typically if you are an LP. if you are GP it's a little different. you also get the depreciation of the asset as a tax write off as well as interest expense typically.
Sunny Malik
Rate Lock Penalty - charing if don't close by time rate lock is up.
28 May 2024 | 8 replies
On the conventional side, one of the biggest lenders, I belive they'll give you a few days free, but if you need to extend over 5 days then it is 2.5 bps a day, and if you need a 2nd extension then they double it to 5 bps a day. 1.5 bps is VERY reasonable.
Ana Vhan
Payments for renovation for selling and taxes
25 May 2024 | 2 replies
If our agent pays him via checks and bills us at closing, does this have any +ve or -ve impact on the taxes?
Brooke Peterson
Jumping back in to US markets from England, and would love to connect and learn!
28 May 2024 | 9 replies
Feel free to reach out!
Jalen Wilson
Is it possible to get a mortgage with no W2 history
27 May 2024 | 11 replies
This way you wouldn't need to provide paystubs, W-2s, tax returns etc.
Michael Chastain
Rental Property LLC Address
27 May 2024 | 2 replies
If your LLC earns a profit on fees it earns from property management you will owe self-employment tax.