Investment Info:
Single-family residence buy & hold investment.
Purchase price: $140,000
Cash invested: $140,000
Less than a mile from Nationwide Childrens.
Both I and son have FT jobs W2. I bought land, built 2 duplexes son was general contractor took no pay, all leased. I don't want to pay tax on rental income, should I gift property to him and let him borrow 80% to pay...
Hi all, weird question time. My in-laws are retired and are cash rich but can't qualify for loans because they are on fixed incomes. Conversely, my son and daughter are working and have qualifying incomes but no dow...
Hi,Any tax guru can help me out on this question:I want to pay my kids for working for me...but don't really know the pros/cons between W2 - payroll vs Issue 1099?Thanks in advance for your help.
I have recently purchased a 12 family apartment building in Lowell Massachusetts. The previous owners were very lax in their policies and procedures and have let people run the building how they see fit. One of my mai...
One of our fairly new tenants who previously checked all of our boxes has a minor who has been caught on camera stealing packages and items from surrounding homes. This obviously is a problem, but the only reason we k...
Have you ever had a travel nurse who wants to leave her children unattended in your furnished rental overnight for a 13 hr shift? I was told that they were bringing their 18 y.o. daughter to watch her 3 younger broth...
Hello,My parents are looking to gift their Montreal duplex to my sister and I. They have about 30% of the principal left on the mortgage but the property has appreciated considerably (4X) since they purchased it. What...
Hi all, weird question time. My in-laws are retired and are cash rich but can't qualify for loans because they are on fixed incomes. Conversely, my son and daughter are working and have qualifying incomes but no dow...
A lot of cool things going on in West Louisville! Keep your eyes peeled!