Amy A.
Rural Development loan Audit
I hope somebody can give me some insight. I am selling a house I rehabbed and it was scheduled to close tomorrow. Today I was told that it was randomly selected for a USDA audit and can't close until next Tuesday at...
Noah Bacon
Where do you store your files and property data for easy reference?šļø
As a real estate investor, there are so many different type of records that you never know if you'll need to reference in the future! What platform do you use to store your files/records?šļøšĀ Ā
Were' talking:Ā Inspecti...
Joe Livsey
House Hack - Tax Write-Off for Tools/Lawn care??
I am about to close onĀ my first house hack investment, a duplex, using an FHA loan. There will beĀ renters in one half and I'll live in the other.Ā Having been a renter my whole adult life I own minimal toolsĀ and zero l...
Ernesto Hernandez
Home Office Deduction - What if you have yet to buy a property?
Iāve poked around online and used the search function and couldnāt come to a definitive conclusion.Ā As it stands I have one property in my name that technically is a rental. I live 2.5 hours away and my mom cuts me a ...
Mark Forest
Allocating vehicle expenses
Filing out my taxes is getting complicated. Thank you to all of you who have been helping me especially Steven. As I have already posted I have three rental properties I acquired in 2012, and one I have had for thre...
Jonathan Burkett
Can I charge my LLC rent vs home office deduction?
Iām relatively new to the real estate investing world and continue to focus a lot of energy on education. I am currently focused on tax strategies for our LLC (partnership with spouse).Can we sign a lease agreement w...
Sanjeev Advani
3 Ways to avoid audit triggers
Ways To Avoid Audit TriggersGood olā Uncle Sam has come to get his yearly paycheck and it can make even a seasoned real estate veteran a little on edge. Here are the top three triggers that you should try to avoid to ...
Pete Hathaway
Post Closing Lender Audit?
I'm currently buying multi-family properties with the goal of leaving my 9-5 office job. Ā Should I be concerned about the lender doing a post-closing audit and accelerating the loan once they discover that I've left m...
Douglas Peterson
Adding staff
To Fellow Investors,
At what point in your business did you or would you choose to add part or full-time staff instead of using independent contractors?
What position did you or would you hire first?
Thanks for you...
Julio Salado
New Agent- Home Office Basics? Julio - Boston
Good day,
After having my RE license for almost a year I'm finally going to use it.
Just got hired with a local broker & I am in the process of setting up a home office.
Based on your experience are there any h...