Brandon M.
Who do you issue 1099s to?
Who do you issue 1099s to? I have flipped a few houses this year and want to make sure to do everything right from a tax perspective. I know I saw where you should issue one for anyone paid over $600, but in that case...
Alex Bejenaru
To 1099, or not to 1099 a wholesaler
Quick question. Should I be getting a W9 from a wholesaler that I started working with? We did an assignment agreement but wanted to know if I should be sending a W9 as well.
Jim Stevenson
Private Lender for Down Payment
I'm looking at purchasing a quad for $90k. I have a friend who can supply the 20% down payment. I would then use $30k of my own money to get it rent ready. The way I'm thinking of structuring the loan would be to pay ...
Jason Glenn
Which first, the chicken or the egg
Hopefully I'm not alone with this question, but I feel as of one topic generally gets over looked or glossed over at best. This is a simple question of starting your actual buisness with your rental properties.
I bel...
Account Closed
IRS imposes $50 Penalty (to you?) if your 1099-MISC/S is missing Contractor's SSN/TIN
apparently in all of USA, per IRS.thus all the more reason to REQUIRE, per IRS, of all your contractors/subs, their corect SSN/TIN, as a condition of hire.what should be used to request it, litigiously, then? a W-9...
Daniel Savage
Miami laws for Airbnb
Hello All - I’m not looking for legal advice just looking for some tips on this topic. I can’t really find any solid information on the laws. Any help would be greatly appreciated! Just some background on what I’m in...
Josh Stanley
Florida Sole Proprietor Requirements
I've had a rental and a flip in Florida in my own personal name. Does that technically mean I am already operating as a Sole Proprietorship in Florida? I am a bit confused, as I have read contrary statements as to w...
Tom Chan
Nevada LLC, Calif. income, do I have to pay for a business licenses?
Hi all! I'm just a few weeks new to this forum. I formed a Nevada LLC for a business (property management) that will be earning all its income in California. Nevada state law requires entities to purchase a busines...
Julio Gonzalez
The Digital Transformation of Cost Segregation
Cost segregation has been a major player in tax strategies for real estate owners by reclassifying assets that have a shorter useful life and can be depreciated over 5, 7, and 15 years from the nonresidential or resid...
Sam Faas
Tenant Applications - How do you collect them?
Hi all,I am currently using Zillow applications to process tenant applications and I've liked it so far. I would like to proceed with one candidate but it looks like I don't see any important information such as SSN,...