Mike M.
How do lenders view rental income from tax returns?
Hopefully someone can help me understand this, as it’s a delicate balance. I’m incentivized to deduct as many legit expenses as possible to lower my tax liability but on the other hand this may hinder how a lender vie...
Ibrahim Hughes
How Can Seller Obtain Her Lost 2011 Tax Return?
Hi All:
I'm working a short sale where the seller has submitted to us all of her docs needed to initiate the short sale EXCEPT her 2011 tax return. And the preparers of her return have not returned her calls....
L L
Mortgage for mixed-use with self-employed tax returns
Hello-I am first time real estate buyer. I am looking for a mixed-use property. I am self-employed so my tax returns show a lower net income than what would normally be required for the mortgage I'm looking for. I pla...
Richard Santi
Lender requires short term rental income on tax return
Good morning everyone! I've been searching the forums hi and low looking for some fidelity on a situation I've come into. We just wrapped full rehab on a rental property which is focused on the travel nursing market...
Robert L.
How to report flip fees in LLC tax return
Hi, I know this is a question for a CPA and I will schedule a meeting with him, but in the meantime, I wanted to see for those of you who might already know....I have an LLC that contains 5 properties and I have been ...
Eric Geurkink
Basic tax return advice question -LLC for 1 property
I bought a duplex this year and formed an LLC(probably unnecessary for one property, I know). The duplex is still in my name though. I need to file LLC Taxes and personal taxes, correct? I’d like to use my tax prepare...
Account Closed
Can I get a HELOC with no tax returns?
Can I get a HELOC with no tax returns?I have very good credit and equity in my home I have income but no proof of income. Can I still get a HELOC? The house I own with no mortgage with 200K in equity.
Margaret Feit
Reporting Personal-Title Properties on a Partnership Tax Return
My husband and I are members in an LLC partnership that owns several rental properties. We also have a handful of properties that are titled in our personal names because we have mortgages on them that had to be in ou...
Terry N.
Filing State Tax Return for State with Rental Properties?
I have a rental property in Michigan and one in North Carolina but live in New York.Do I need to fill out State tax forms for MI and NC? I'm thinking yes but wanting to confirm from anyone who may know. Thx!
Rich C
Multiple tax returns, worth the move to the Southeast?
I'm a new investor, planning to move from New York to South Carolina to have access to the real estate markets of the Carolinas and Georgia. Say I live in S. Carolina, but buy a 4-plex in Georgia. Do I need to file 3 ...