4 October 2024 | 26 replies
How long do you wait out a market if there is a decline in rental prices before cutting your losses?
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2 October 2024 | 9 replies
So I'm okay not making the big bucks STR style, but I also don't want to do it at a monthly loss.
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1 October 2024 | 0 replies
There are so many ways to make a mistake during the process and so many ways to leave money you’re owed on the table, especially with loss of income claims.
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1 October 2024 | 6 replies
I am being told that the reason they charge that much is because the rich people building vacation homes out there will pay any amount and don't care about the immediate loss of equity and they have more business than they can handle.
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30 September 2024 | 11 replies
-One of the cheaper options I have found is TaxAct Business ($140 + states), and TurboTax Small Business ($739 + states).The issue I am potentially running into, and I am not sure if the online software's mentioned above can handle (they won't tell me unless I pay for advice), is figuring out how to make sure the losses/initial capital contributions are reflected on my K-1 and not my business partner, since I made 100% of the contribution.
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1 October 2024 | 5 replies
If there are excess losses, Citizens can surcharge all policyholders to help pay for the claims.If you have a long term rental, it is a viable and affordable option, but it should never be construed as the best option.
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30 September 2024 | 16 replies
I do fortunately have room to absorb that loss, but with increased taxes, insurance, and maintenance/repairs starting to get reeeeally thin on the margins 😬
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30 September 2024 | 9 replies
The primary reason is because the property is vacant and a number of independent contractors are in and out of the property thus increasing the chance of a claim or loss.
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30 September 2024 | 8 replies
If you have a partnership structure or some other facts and circumstances around the loan that indicate you are extending it in the capacity of a trade or business, it will be considered ordinary income.Keep in mind that the tax rates will not differ between ordinary and passive income unless you sell the loan for a gain/loss.
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2 October 2024 | 12 replies
Shouldn’t take me much time and I’m thinking this will also help look at the combined accumulated losses and assist financial planning.If you don’t mind me asking, do you have specific tools you use for finding deals?