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Hey accountants or legal experts. I am trying to figure out something that is causing a barrier for growing my RE portfolio. Because of the fact that the income from my short term rentals require 2 years of returns b...
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A tenant paid late last month and I applied a late fee according to our lease ($75). In their Nov invoice I clearly stated that the amount paid in October went first to cover the late fee and then rent, leaving an ...
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Technical accounting question:
I hold nine SFR rentals - I have a Holding Co. LLC and an Operating Co. LLC. with an operating agreement between the two Technically, Hold Co. owns the properties, and Op Co. manages, a...
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Hey, I just joined the platform and wanted to introduce myself and say hi.I'm a software engineer, currently based out of Portland, OR. New to RE investing, have watched tons of BP episodes.My goal is to pursue mid-lo...
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First post.....Im a buy and hold guy in NE Indiana and basically follow the biz model of buying on land contract and then later refinancing with a small bank. I currently have 19 units.
My question is this.....
I b...
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Just a heads-up: Philly L&I will not expedite blueprint examinations for EXISTING structures. They only expedite drawings for new construction. This is new to my G.C. AND Architect. So i thought i would share.Also...
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If someone is insolvent at the time of a shortsale and is issued a 1099 for forgiven debt, does filing insolvency with the IRS affect a person's credit? Does the IRS report to the credit bureaus? It would seem that i...
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Hey guys!My girlfriend and I just closed on our first home. We bought a condo for the two of us to live in which has been a wonderful and exciting process. I wanted to house hack but she wasn't loving the idea :/ howe...
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I am exploring STR as a strategy to use accelerated depreciation to offset my W2 income. I am exploring the acquisition of a property that is a SFH but has a couple of ADUs in the same lot. Now ideally I could STR all...
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Hello, I have a family member who makes a significant amount of money a year and he hates paying taxes. He just got a very large check in which 50% is likely going to go to taxes. Would it make sense for him to start ...