I have looked into the subject of interest-bearing security deposits and I have a few questions about the setup. So in California there is no law that requires this. I am asking because I view it as a benefit to the t...
Hi I was recently laid off from a well paying job. I do have some money set a side. so for the current time i am ok. Sometimes life smacks you in the face and you all of a sudden see everything. I originally was p...
With the tax breaks that come along with owning a business, should I register as a business before I start flipping houses? I'm just concerned that the money gained will count as income which could be a tax nightmare.
Hey guys. Trying to secure on Heloc on my home to help secure funding for a BRRRR.I recently did a cash out refinance to buy my business partner out a year ago.How do banks typically do appraisals.I own a duplex (Does...
I have two friends living abroad who want to invest with me. One of them has a green card, and the other does not.
Both are in India now but used to live in the USA.
Assuming I follow all the securities law and regu...
I may have an opportunity to purchase two multi family units from a husband and wife I recently met. I believe there isn't a mortgage on either property at this point. I'm curious if there are any tax advantages for t...
I'm considering purchasing a home for my mother to live in, since she is currently renting and unable to purchase a home for herself. I will charge her fair market rent, but I want to make sure that I am able to claim...
My friend is evicting a tenant who refused to move after lease ended. The property is in Chicago. My friend give the tenant security deposit receipt, notarized it. and deposit into a bank. There is bank name on the r...
How are people holding security deposits in NC? I purchased my first investment property in NC (previously properties were in California). My understanding is that the security deposit needs to be in a trust account w...
I am getting ready to close on my first property should I set up a business bank account to put my cash reserves and for the rent checks to deposit into? Thanks for all of the help.