Is it customary for a property mgr to request a new tenant provide soc sec cards, birth certificates for all tenants on the lease along with recent tax returns & paystubs?
Given issues around identity theft, the...
I hear people often say that real estate is treated more advantageously from a tax perspective than other businesses. I frequently hear people say something along the lines of "I get 15% rate of return, and that's no...
I was wondering if anyone here has any advice or suggestions on how I can help my 60 year old mother to start investing in real estate? She has about 28k saved up. She rents a one bed and one bath apartment for $960 a...
Hey Everyone,I'm hoping to get some insight from those who are experienced and have been able to successfully fund their deals through private money from wealthy individuals. My partners and I know some wealthier peop...
Through my SDIRA I've invested with a company that now is asking me to fill out a W9 form and will presumably then send me a 1099 for the earnings last year. I'm not sure if I should fill it out with my name and soci...
Hi all, I have read several posts on first flips and taxes but have yet to find the answer. So here goes! My wife and are both employed and in a higher tax bracket. So if I flip a house this year and profit $25k a...
Dear BP nation,It has been the common practice of "landlords" to feel entitled to a prospective tenant's Social Security number (SS#). In light of data breaches and identity theft, efforts to screen a tennant must be ...
If I am currently full time employed in Illinois and fit into the 28% Tax Bracket, what taxes do I pay for my flipped property? Am I still paying 15% of capital gains or do I pay 28% on capital gains due to my current...
Firstly, I'm not asking for legal advice, so any replies don't need a disclaimer :)A seller I'm buying a house from is concerned about becoming ineligible for food stamps and Medicaid when I buy the second property on...
I bought my first duplex property recently that had an existing tenant who is planning to stay. I'm good with that, but I don't have have any details of the tenants except name yet. Amongst some details that I need, I...