Gary Montgomery
Lending and the self employed
20 September 2016 | 2 replies
@Gary MontgomeryYour first year is going to be the most difficult because you will not have any tax returns as a SE investor, which is heavily weighted for bank underwriting.
Mike Kalob
General Warranty Deed - Lawyer or DIY?
20 September 2016 | 0 replies
The LLC already has EIN # and state tax ID#, separate bank account.Advance thanks.
Jay Staudt
Deductions for Cleaning
27 September 2016 | 3 replies
Simple question: Can I pay my wife to clean a rental property instead of hiring a cleaning company and claim it as a tax deduction, or is that unethical/illegal?
Brian Benson
New to BiggerPockets from Clinton, Arkansas
25 September 2016 | 8 replies
Here you can turn one year's tax return (or one year's contribution to a self-directed IRA) into a down payment on a new rental property.
Greg Hanchi
Real estate attorney, CPA, or accountant
21 September 2016 | 2 replies
2- How to structure the business to get the most tax benefits, taking into consideration that 50% of the company will be owned by a foreigner?
Tony Castronovo
Just Completed Two BRRRRs
27 August 2017 | 82 replies
Tony will be listed as the contact on the appraisal engagement letter the lender sends out.I also recommend putting together a similar professional packet for your lender including the analysis, rehab costs, tax returns, personal financial statement, real estate portfolio and bio on your self.
Kevin D.
Deal Analysis - Thoughts?
22 September 2016 | 4 replies
The commercial space exterior also needs a face lift, but there are grants available for this that will match funds up to $2,500.Expenses:Management: 8%CapEx: 5%Maintenance: 10%Taxes: $3400Insurance: $2900Levy/Rental Fees: $1000Sewer: $1400Water: $1080Garbage: $900
Lauren Humphrey
New Member from the Pittsburgh Tri-state area of OH, PA & WV
21 September 2016 | 10 replies
The buyer pays the insurance, taxes and pays to maintain the property.
Quincy Toston
Off Market Properties 9 City
21 September 2016 | 2 replies
I also obtained certification in mitigation for foreclosures, short sales and tax sales for Global Equity Lending and American Home Lending.
Jesse Li
Does foreign vacation rental home owner need ITIN or EIN?
23 September 2016 | 0 replies
Which tax number should a foreign owner of vacation rental home apply for tax purpose?