My husband and I set up our business as a C-Corp, in order to take advantage of the tax benefits/write offs as well as the asset protection that the C-Corp allows for. However, the first year I went to have the busin...
As I understand it, 1099s are required for anyone I pay $600 or more during the year for my rental property investing. I have a few questions about the exceptions though.
1. Do 1099s have to be sent to cities or coun...
I have 14 units up in Rochester NY and have never found it tougher to refinance 4 of them than right now. Property values are under $100k but all units are updated and stabilized with tenants and cash flowing well. W...
(Current as of ~2003.... I'm searching for any updates to this & will post what I find)
For reference, in regards to FHA loans purchasing property from relatives or other similar situations...
Non-Arms Length Tr...
1.Attorney- Allows you to set up the property business intity. Having a formal business setup will protect your assets and provide tax advantages to you. Your attorney will file your paperwork with the corporation com...
Sorry, I couldn't think of a better title >_<So, here's the question: If you have own a property which you moved into an LLC AND you have a property manager, managing said property, how should payment of his ser...
http://www.cnn.com/2010/CRIME/03/30/westboro.baptist.snyder/index.html?hpt=T2
I read the above article and was very disturbed by it. I believe in freedom of speech as much as the next guy, but like any other freedom...
At my local REIA meeting, there was a sentiment from the more veteran players (particularly the mortgage brokers) that Fannie MAE/MAC will change mortgage allowance from 4 to 8 soon to help relief the number of forecl...
Does anyone know who is making VA Vendee loans these days? I spoke with B of A and apparently they're no longer doing them and somehow didn't know who was taking over the program. They mentioned "Imperial Lending" o...
I am an investor based in California.After Hurricane Harvey, I figured that investing in Houston apartments that weathered the storm with no water damage would provide value. Particularly as the housing stock had supp...