Question for getting a cash out refi to invest to property #2 or 3.. After you buy, rehab and rent out your first property, you borrow money based on the ARV.. (Ideally at least what what you put into it) but if your ...
If I have an LLC in another state do I have to file a tax return for that state and the state the property is located?
Hi everyone, I wanted to pick your brain on a question I run into lately. I recently listed an apartment for rent. One of the applicants applied for our apartment as a single applicant, but submitted a joint tax retur...
I started my hospitality company back in Feb 2020 and luckily did not get a restaurant location due to Covid. I never set up a payroll until May 2021. I have no income tax statement for the entire year of 2020 and hal...
Hi guys,Can anybody explain to me please this...Ive heard from one RE investor, who owns about 300 properties, that his accountant files a separate tax return for each LLC/trust, etc (if I understood him correctly)......
Hi, I’ve been looking at potential rentals and in the process have found a home my wife and I are interested in buying for ourselves. I spoke to the realtor and feel like we don’t have to get in a big hurry because ho...
We want to be prepared to ensure that you are given the best buying experience with knowledge and expertise to guide you along the way. We are here to guide you on purchasing a brand new home in Ohio.Today I would lik...
Our lawyers are going back and forth on this and I wanted to get the forum's take. The seller is requesting to review the LLC's annual tax returns each year. I know, with banks this is usually done, this would be my f...
I always wondered how lenders verify tax returns in Canada. In the Usa, lenders can make you fill up a form that will allow them to pull your tax returns themselves, but such practise doesn’t happen in Canada. Lenders...
I am looking for loans or mortgages on fully owned properties. Credit is good. No other liens on the properties.Who will provide loans on the properties based off the collateral they hold? 75% LTV is OK... Looking for...