Ian Verzoni
Incorrect Escrow Analysis?
5 April 2024 | 1 reply
I've been paying escrow+mortgage on rentals since 2015 and never had this happen to me.Details:Mortgage company does an escrow analysis and finds the following:2023 Taxes $1648 + Insurance $1634 = Total: $3282New Escrow for 2024Taxes $2331 + Insurance $1918 = NEW TOTAL: $4250- With increased tax and insurance I owe $968 more on escrow.- $968 difference paid out over 12 months would be $80.60 per month MORE.The mortgage company is claiming that I owe $3,000 MORE in escrow and is charging me an additional $250 per month.I checked with them and I've NEVER missed a payment and have been up to date this whole time.They say its not a mistake but couldn't explain why I owed $3000 more instead of $968 more for the year.Am I missing something?
Joshua Davidson
Payroll question in regard to Disregarded Entity owned by S-Corp Holdco
5 April 2024 | 9 replies
If you have nothing helpful to add, please avoid posting.What I am asking is if paying myself payroll and also taking profit distributions that are not subject to self-employment tax still applies if I am paying myself out of the Disregarded LLC and not the S-Corp directly.
Bernard Barbour
Buy and hold from South America. It can be done!
5 April 2024 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Annwar Matani
Tax question in regards to out of state investing
3 April 2024 | 1 reply
In regards to taxes, I have a W2 job and I also have a 1099 job.
Vinh Le
👋 I'm Vinh
4 April 2024 | 10 replies
Hi all, Vinh here, I'm a marketing professional in the DMV area working for a tech startup based in LA.Just popping into say hi to BP.
Sanjeev Advani
The Practical Guide to Real Estate Investing: Achieving Financial Independence
5 April 2024 | 1 reply
Don't shy away from consulting with real estate professionals who can offer insights and guidance.Step 6: Property ManagementDecide on your management approach.
Wai Chan
Selling a single family house in Plano, need some market insight
5 April 2024 | 2 replies
The cost to maintain the house (property tax, insurance, repair) is getting higher and higher.
James Bakun
How to avoid FIRPTA tax?
3 April 2024 | 8 replies
They are looking to sell and would be subject to FIRPTA tax.
Jordan Lisnow
Florence, SC Valuation Question
5 April 2024 | 1 reply
This property is listed with only $1,320/Year Property taxes in 2023.
John Faulk Jr
Complete Market Analysis
5 April 2024 | 3 replies
Where to go to get all the information an investor may need like for taxes, trends, what's coming, and all other vital information that I would need to even consider making an offer on a property?