Christian Block
Beneficial Ownership Information (BOI) Reporting
17 January 2024 | 8 replies
ForeignYou have to next step give your social security# or tax ID, address where you file, AND passport, driver's license...so giving an EIN does not keep your name, address, date of birth, country of origin etc... out of the system.A tax ID leads to the filer who is a human.
Sam Young
Mortgage applications: Is there a legal requiremen to disclose all sources of income?
17 January 2024 | 5 replies
It will be on your tax returns
Ethan Friedman
I’m new here!
17 January 2024 | 5 replies
Remember, they can always refer themselves😊Now, make it a goal to call at least 5-10 of these people EVERY day and ask a MAX OF THREE off the list below of who they know that:Just inherited a homeHad a loved one pass awayIs behind on their mortgage or tax paymentsHas a relative that can’t take care of their house anymoreHas a house they’re having trouble sellingIs facing bankruptcyKnows a probate attorneyKnows a bankruptcy attorneyetcWhy only three off the list per contact?
Hyeseong Park
Is it possible to do AirBnB for my residential unit?
17 January 2024 | 5 replies
(In Denver, where we work, you have to submit your driver's license showing the address and one other form showing that address -- could be utility bill, tax return, etc.)Good luck!
Kaelyn See
Need Advice on Using Retirement Brokerage for Home Downpayment
17 January 2024 | 3 replies
We heard that there is a way to rollover this money into the downpayment without withdrawing the money directly and it being taxed as an income for my grandmother.
Amby Bhagtani
Property Management Company charging too much
16 January 2024 | 5 replies
@Amby Bhagtani most legitimate & ethical PMCs have an Owner Approval Threshold that requires owner approval if exceeded, unless an acceptable emergency situation.What were your screening criteria when you selected this PMC and did you have a qualified attorney review their contract before signing it?
Joseph Hossenlopp
Minimum CoCROI for a owner occupied Duplex or Triplex?
18 January 2024 | 1 reply
For those who are high-income earners, we don't need extra income to be taxed at a high rate, and would rather build equity quickly.
Timothy Hotchkiss
Selling 5 plex for larger portfolio
18 January 2024 | 5 replies
My calculations are definitely a little off because i’m not including for vacancy, maintenance etc. but I do all the repairs and maintenance myself for now and my only other expenses are ins, garbage, water and taxes.
Orhi Tahi
Austin House Hack Deal - Feedback Wanted!
18 January 2024 | 4 replies
@Orhi Tahi I’m happy to help you run actual numbers if interested (property taxes, estimated rents, etc).
Yi Chu
Business credit card repayment method
16 January 2024 | 1 reply
When we set up auto pay for business credit card, should we use 1) personal bank account or 2) business checking account to make a payment from accounting or tax perspective?