Mary Jay
Each LLC (entity) files its own tax return
26 April 2020 | 11 replies
Each trust/LLC structure would file its own 1041 annually.
Marilin Matos
HELP Negotiate inspection issues OR money in lieu?
17 January 2020 | 15 replies
@Marilin Matos If they've had the building a year and there was storm damage they can file an insurance claim for the roof.
Layla Sewell
Insurance Providers that allow pets
17 January 2020 | 2 replies
Laura,The Insurance companies have to file their guidelines and rates with the State Insurance depts. where they operate.
Ahmed Saad
How to Hire Administrative Help
17 January 2020 | 2 replies
Ideally, the person I am looking to hire can-set up an organized paper filing system and set up a digital office with cloud-based document storage-keep a calendar, help me move forward and not get bogged down with minutiae-multitask between the different businesses and properties-has previous administrative experience in real estate-and most importantly: Get.
Brian Moore
Even an experienced investor needs to avoid hubris!
18 January 2020 | 1 reply
***Continued: My CPA had also filed 2018 tax return with CapEx items filed as OpEx thus impairing the margins and Debt to Income ratio of my portfolio.
Account Closed
When a buyer agent should complete the agent visual inspection?
17 January 2020 | 0 replies
We are trying to sue them and file a complaint to DRE as well.
Eva Hambrick
What are you looking for in a CPA
18 January 2020 | 3 replies
@Eva Hambrick a few things...First, I obviously want a CPA who is a experienced in rental real estate; including things like depreciation, capital improvements vs maintenance expenses, passive activity losses, applying 1031 exchanges, etc.Second, as both a business owner and real estate investor, I want my CPA to understand that I have both earned income and passive income, and help me strategize how to reduce my tax liabilities from this standpoint.Finally, I want my CPA to be proactive in helping me plan and manage my tax strategy as part of my overall financial health all year long, not just file my tax return in April.
Maurice Smith
Land Lord Rent loss insurance!?
18 January 2020 | 5 replies
My properties are in landlord friendly states were a evection process isnt really a problem ( 10- 30 days to get a tenant removed if the landlord files first in most cases ), but this could be major in states like CA were it can take up to 6 months to remove a non paying tenant.
Shavon Jackson
Broward County Foreclosure Auction
19 January 2020 | 2 replies
They have been making it stupid simple for over 20 years to target foreclosures, from the start of the Lis Pendens filing, to the auction. iMapp is built into most of the realtor MLSs, and they DO offer accounts for $100 per month that are just the 'straight dope' property data, without the MLS information included.
Chiquita Carter- Layne
Seller Financing Contract - HELP!
20 January 2020 | 3 replies
The buyer/borrower would need to fill out a complete application like they would at a bank and the seller would need to have a mortgage loan originator approve the file.