I am under contract for purchase of my fifth investment condo in Chicago. I have hit an unexpected issue on financing, and cannot qualify for a traditional mortgage (bad move filing 2017 taxes under schedule C!)I woul...
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What is the number one mistake new investors make ?
Hi, I’m new to this website, but heard I can ask all of my questions here. I was wondering what you guys think the best company structure may be in terms of entities in terms of both flipping houses and also holding r...
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Hey there! Sorry for the long post. The urgency will be clear by the end, I promise. I'm ready to buy (or so I thought) my first investment property. I've got great personal credit, about $70k in liquid assets that I'...
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Hey Guys, I'm about to go the self employed route and need a little help with how do setup my personal income taxso tell me if I'm going about this right....Heres just a simple example1. 5k rental income- 2k expenses ...
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I received this email today, and I thought it would spark some spirited discussion...Feel free to comment.@Bill Gulley@Dion DePaoli@Steve Vaughan@Hattie Dizmond`````````````````````````````````````````````````````````...
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One of my tenants is asking me for a W9. Ever since they've moved in, they've been paying their rent in 3 checks: a personal check, a check from their first business, and a check from their second business. This has n...
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Do you guys 1099 your workers? I have been paying cash to my workers and im startign to get worried come tax time.. anyone else have some advice regarding this? I track expenses in an excel sheet but im not sure if t...
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This woman can't substantiate her earnings, since she didnt file tax returns in 2017 or 2018. Dont know if she ever did. She uses 2 last names, and her kids have a 3rd last name. No child support or alimony. She says...
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