5 June 2019 | 4 replies
Is the Home Possible income figured on gross income earned or on net taxable income?
1 August 2018 | 7 replies
The guys up on the roof banging nails , these guys are called "employees" or "subcontractors" .
3 September 2019 | 2 replies
LLCs that are thinly capitalized are more likely to be viewed as “shells,” thereby losing their capacity to shield the members from liability.or fails to maintain a separate identity from its owners ( using the business bank account for business purchases, maintaining separate books) Conversion of entities Assets for Personal Benefit:Another factor that poses a risk of piercing the corporate veil is the draining of entities assets (such as payments of large salaries to shareholder-employees) that leaves the entity with inadequate resources to pay its debts.
7 September 2019 | 14 replies
I would always defer to the word of an employee in the planning & zoning department.
24 October 2019 | 2 replies
Gross, Semi-Gross, Triple Net, Overhold/MTM)Column 13: Lease Start DateColumn 14: Lease End DateResidential... is pretty straight forwardColumn 1: UnitColumn 2: TenantColumn 3: Rent/YearColumn 4: Rent/MonthColumn 5: Lease Type (ie. 12 Month, MTM)Column 6: Lease Start DateColumn 7: Lease End DateHope that helps!!
12 June 2019 | 1 reply
Perhaps market units don't bring in enough gross income to cash flow?
12 January 2021 | 9 replies
Pros: 1) Inefficient markets; 2) less competition from investors; 3) higher cap rates; 4) less maintenance than apartments and hotels, similar to storage; 5) great flexibility to boost gross income; 6) RV sales around 500k per year and only an estimated 8,000 RV parks nationwide; 7) many sellers are willing or required to carry a note; 8) there are enough tech tools to run the business remotely (with employees on site).
25 July 2019 | 4 replies
As a 1099 employee you need to be able to shoulder the start-up costs.
1 November 2019 | 4 replies
If your Modified Adjusted Gross Income (Income from your job, interest, dividends, ect) is under $100k then you will be able to use the loss generated by your rental to reduce your w2 income.