Devin Londo
What are people doing in this market?
26 October 2018 | 4 replies
I'm simply being patient and am adding to my savings (and by savings I mean money for buying properties).For everyone, including myself, I yell, don't do a deal that doesn't give you the cash flow you want!
Ari T.
Airbnb in Tucson, AZ
29 July 2021 | 3 replies
“While we support new entrants to the sharing economy and the competition it brings, we must be aware and very cautious of the negative impacts and repercussions,” said David Drennon of the Phoenix-based Arizona Lodging & Tourism Association, which lobbies on behalf of trade groups including the Southern Arizona Lodging & Resort Association.Drennon said his organization has no quarrel with a homeowner who occasionally rents out a guest house or spare room for extra cash.
Julie J.
which methods should I use, heloc or full loan?
27 October 2018 | 3 replies
Question isI have rental property that will be paid off within 2 years, Of course, I will have to include $85k to do that.
Philip Olivier
Should I hire a CPA?
28 October 2018 | 5 replies
@Philip OlivierYour tax profile is a little bit more complicated and such I think you should hire a professional(I am a little biased).Since you make $100,000 from your full-time job - you should be eligible to deduct the losses(if you have them) from your rental property so long as you don't have significant income from other sources including the short term rentals.
Kenny Dahill
Property Management: Accountants Point of view
1 November 2018 | 9 replies
Stop issuing 1099-MISC with box 7 "non-employee compensation" instead of box 1 "rent"Stop including refundable deposits in rent incomeProvide annual reports clearly delineated by propertyLearn the difference between maintenance, repairs and improvements and report accordinglyReport insurance reimbursements separatelyProvide supporting documentation: itemized contractor's invoices, insurance adjusters' reports etc
Dozie Nwankwoh
New graduate moving cities looking to start investing
25 October 2018 | 7 replies
Funds needed include earnest money deposit, inspection costs, and downpayment funds just to name a few.
Jim D.
Dressing up as a balloon payment for Halloween
26 October 2018 | 2 replies
Most of these scenarios ended with a workout that included pretty ugly terms.
Ryan Moore
I'm starting to post info about my real estate investing
25 October 2018 | 1 reply
I've received positive feedback from many on those RE posts, including receiving a couple emails and PMs about interest in investing with me.
Michael Plaks
Refinanced interest - is it tax-deductible?
28 October 2018 | 10 replies
Refinancing a loan that was initially used for business purposes (purchase/rehab) seems to fit the bill, including private unsecured loans and credit cards.
William W.
Very aggressive applicants
22 May 2020 | 14 replies
@William W. put everything you own in an LLC or trust :) including your personal residence.