I suppose I could ask my cpa but Ill see what you guys think on this first so he doesnt bill me for consultation fees...situation: my partner and I wish to finance a property. due to the deplorable lending market, its...
Hello, all. I'm new to the forum and looking for feedback on using my 401k to start flipping and buying rentals. I've been a licensed broker for 13 years and I've only purchased and sold one investment. Thanks for ...
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If you see a property owner who is in trouble, and let's say his loan is for $200,000, and the ARV is $180,000. And you want to offer him $117,000. How does this work? Will the deal have to go through a Short Sale spe...
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Hey Folks! My husband Scott and I had the honor of being interviewed by Julian Sage on the STR Success Stories podcast. We talked a lot about our experience shopping for and managing our two STR’s in the smokies. Giv...
I would LOVE to hear all of your investing perspectives and opinions on this... I have calculated the ROIs of a buying a rental property versus simply buying into the SP500 and sitting back for 30 years.Rental Propert...
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Apparently since 2012 it has not been necessary to prepare 1099-MISC's related to rental activity unless the activity is a trade or business. See this article:
www.taxcpe.com/blogs/news/1099...
What do you think - ...
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i have no tax returns because i get paid under the table. is there any way i would be able to purchase a property? how much money do i need to save up?my credit score is 700
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Hi all,
I live in the Greater Toronto Area (GTA). I am Civil Engineering E.I.T (Engineer in Training), specialization: Structures (i.e. structural steel and concrete), in the GTA area. I have worked at a few consulti...
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Hello
I own a few rental properties in B and C class neighborhoods. I've purchased the properties at low price points so they have minimal debt service. My dilemma is that a good number of them are section 8 renta...
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So I just finished reading Robert Kiyosaki's Rich Dad Poor Dad and he stated something about how business owners pay taxes vs how 9 to 5ers pay taxes. He says 9 to 5ers pay the gov first in taxes and they get whate...