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3 February 2025 | 15 replies
Since part of your property is a rental, I believe a portion of your mortgage interest should be a tax deduction unlike your other debt.
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12 January 2025 | 20 replies
Also asking them how they calculate DSCR and whether its on Pro Forma or trailing 12 financials or tax returns.A lot of times you'll see properties that don't make DSCR on tax returns because the owner might have booked capital expenditures or major maintenance to repairs and maintenance.
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24 January 2025 | 37 replies
We are wanting to have that completed prior to the new location opening.
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18 February 2025 | 20 replies
Lastly these tools can integrate directly into your bookkeeping so you can automate the income portion of your bookkeeping which will help with your analytics/reporting and save you tons of time during tax season.
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23 January 2025 | 23 replies
You could look into forming a C Corp as an alternative way to own this property that could affect your tax returns differently, I am not a CPA or giving tax advise.
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18 February 2025 | 24 replies
Remember, they can always refer themselves😊Now, make it a goal to call at least 5-10 of these people EVERY day and ask a MAX OF THREE off the list below of who they know that:Just inherited a homeHad a loved one pass awayIs behind on their mortgage or tax paymentsHas a relative that can’t take care of their house anymoreHas a house they’re having trouble sellingIs facing bankruptcyKnows a probate attorneyKnows a bankruptcy attorneyetcWhy only three off the list per contact?
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18 February 2025 | 16 replies
Last month city established a tax incentive district on neighborhood.
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25 January 2025 | 4 replies
There are auctions to sell cars, police auctions, tax impounded auctions, antique auctions, etc.
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31 January 2025 | 2 replies
He is busy working at the hospital and doesn't want to deal with tenants, toilets, taxes, trash, and all that haha
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30 January 2025 | 13 replies
Usually the numbers don't work to build in these neighborhoods, unless government tax credits, etc.Do you see the problem with your two statements:"The turnover costs could/will be high"and"How much more damage could they do?"