Hey all,I've been casually house hacking for a little while (renting to friends, not unknowns) and as I'm starting to acquire more properties and lesser know tenants, I want a more professional way to collect rent. In...
I will be purchasing a Single Family home this summer with the intent to house hack (with college students). With all of the financial changes that will bring, I want to get started right and find myself a Real Estate...
What happens if you don't 1099 them?If it's under $600 for the year, it's not required right?Can I still expense it or does that create some issue?Same question for the people you pay to mow the lawn. I've asked them...
I read that we have to prove that the house is owner occupied for 2 of the 5 years before the sale to avoid capital gains tax. How do we prove that? What evidence we have to provide to IRS? And if we are not eligible ...
I'm hiring a property manager for two properties I own. I assumed that we'd set him up as a co-signer on my business bank account, the business that owns the property. This way we could run all transactions through...
Disclaimer: I am not a tax professional, and you should talk to yours about the tax strategies that would work best for your situation.Flipping properties has been one of the most popular ways to profit from real est...
Do you have experience in renting furnished units/Room to travel nurses? How do you charge them? What kind of location makes the most sense? Close to hospital, or fun area so they can have leisure after work. How much...
Calling all rehabbers, agents, landlords or anyone that posts photos of their property while selling. I've been thinking about photography and real estate and figured I would ask a few questions to the community.
...
Hi guys,I think I am starting to understand why Robert Kiyosaki always runs to buy a property when he has an income from his business.Please correct me if I am wrong in my example:Lets say a person makes 100K per year...
Unfortunately, I have rent one of my property to this person. They represented themselves as self-employed business person for house showing. And they signed lease, and moved in this April. However, things got worse...