Hi, I have prospective tenants that claim to have the husband-and-wife incomes that pay them cash, how would you go about verifying their income?
Hello All:
I own several multi-family rental properties and have always paid the Resident Manager a salary, including a free apartment.
I have recently acquired a new business partner and we recently purchased a pr...
I work full-time and have a side gig as a Realtor. I will probably only turn over about 6-10 transactions a year, equating to $14,000 to $24,000 gross additional income. I've read through the Self-Employment tax docum...
Hopefully get some good response for my question. My mom is retiring soon and has a little money put away in a 401k. I have been trying to figure out the best way to re invest the money as well as the easiest way to l...
I have a group 401K plan at my W-2 employer. I have an unexpected opportunity to transfer funds out of 401K plan while I'm still employed. Yeah! I'd like to transfer funds to a self directed retirement plan and in...
Does any one have experience with Bank Statement Loans? Im a self employed IT contractor and it's time for us to buy our next house hack. I have over 2 year's tax returns but I have some heavy write offs that make me ...
Hello Everyone!
I'm in need of help. I work at a local financial institution and was informed I would need to type up a letter stating what my business will be about and how it works and have it submitted to ...
Throwing a quick hit and run post out there because I️ want to keep it open ended. If you’ve read @Brandon Hall post on the House’s tax proposal his first “Biggest Loser” category sights short term rental income as po...
Yesterday, I read about a Rehabilitation Tax Credit that provides what appears to be a 10% tax credit for restoration and rehabilitation costs do properties built prior to 1936 or a 20% credit foe those that are certi...
I know that folks on this forum always recommend (rather strongly) requiring a security deposit along with applications for a rental property. (This is the deposit for the application, *not* the deposit for actually ...