Bill Polynice
Residential Assisted Living (RALs) Homes in New Jersey and New York
10 February 2024 | 0 replies
How does the demographic profile (age, income, health status) of potential residents in NJ/NY influence the demand for assisted living services?
William Coet
Realistic Returns For Multifamily Syndication Investments
10 February 2024 | 27 replies
So $100K is “profit” or “income”.The $100K income will come from total investor distributions over the 5 year hold plus a shares of the profits due to an increase in value.
Stevie Nosekabel
Commercial Line of Credit
10 February 2024 | 10 replies
I'm assuming with "commercial" you have a company and are looking for a line of credit based on the income that your company is producing?
Mike Rutallie
Please poke holes in this Lease option strategy
10 February 2024 | 4 replies
Allow me to put the money I'd pay for the property into gov't bonds paying roughly what the lease payment would cost, and 3. would give them ~$320K in total lease payments including the offset of capital gains, while it would be equivalent to me purchasing it for cash today at $225K.I know there is an income tax liability on the seller's part for the lease payments, but I don't know their situation to judge the impact of that.I've never done a transaction like this before, so please poke holes in it, or if you have a better option, please let me know.
Nathan Emmert
Wave Accounting
10 February 2024 | 14 replies
Then you are going to pick Asset, Liabilities, Income, or Expense as appropriate and find an "Other Account" you can rename.
Account Closed
Where to put profits from my home sale?
10 February 2024 | 21 replies
The balance will be used as income after we retire (in about 10-12 years).
Matt Waggoner
Is posting minimum qualifications on Company website a good idea?
8 February 2024 | 4 replies
Applicant(s) must have current photo identification and a valid social security number.Applicant(s) monthly household income must exceed three times the rent.
Limor Hanannia
self-directed IRA loans
10 February 2024 | 13 replies
Both must use non-recourse loans only (property is the only security) and only the Solo will avoid the UDFI which kicks off UBIT on the income from the financed portion of the real estate.
Kristen Dolotina
Real Estate Tax Consultant
9 February 2024 | 5 replies
If you live in New Jersey and work in New York, you will pay taxes to New York eventhough its not the state you live in.I am not sure if her question is in regards to residency, buying a house in one state(a state with an income tax) while maintaining residency in another state without a state income tax.i.e. buying a house in New York but maintaining residency in Florida
Joshua Logan
Investing rent money into the stock market?
9 February 2024 | 0 replies
I currently invest my rental income into a high yield savings account or a s&p 500 index fund.