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Wifes house been rented by her mother for last 5 years. My name is not on the deed. She pays enough to cover mortgage, taxes plus 5% for maintenance.
Question,
Can I claim rental income so I can benefit after 2...
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Okay, so I own one house and rent out the extra bedrooms to friends (boarder income). It seems many banks won't allow me to use my boardsers income at all on my debt to income ratio?
Are there lenders that will reco...
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I would like to start a solo401k, I had someone draw up a structure. This structure would be A C-Corp holding company with two hard money lending LLCs ( passive income disregarded entity) paying the C-corp fees to ru...
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There are several different types of income in the US tax code.
Two main types are “active income” and “passive income".
Active income is money you earn from working, such as wages from a W-2 job or income from runn...
Ok so I'm investing into my first rental property it's a 2 unit and I'm paying cash (20k). My biggest concern is how to avoid a higher tax bills because I'm single and make about 150k yearly.. What precautions should ...
Any one know the most one can receive in rental income while on disability in Oklahoma?
My question is I work full-time and our own properties. Having a difficulty separating the money. I wanted to bank my full-time job income and live by my rental income. Does anyone have a way of tracking all your exp...
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Some feedback please.
I am in the initial stages of refinancing my existing primary home mortgage and loc.
Lender verbally asked for gross income, current debt , home value info, etc. Numbers and credit were ok. Got a...
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Could someone please tell me the different tax implications of income from a) my single family rental and b) the income I receive from my k1 partnership in a multi family apartment, and c) income from loans made I.e m...
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If I don't have a job income but have income from my rental homes. Would I still be able to do taxes? Or would I have to get a business ID in order to claim taxes if I want to do rentals full time and not work anymore...