Kiara Colon
Understanding Upfront Fees When Buying
As you embark on the exciting journey of purchasing your dream home, I want to provide you with some important information about upfront fees that are typically associated with buying a property. It's essential to be ...
Mike Campbell
Du Diligence period check off list. Do you have one ?
When buying a multifamily with a du diligence period, what is your list of things you are looking for, verifying, double checking and other?Getting close to making an offer, the selling agent said owner wants to know ...
Parul S.
Inspection report - To buy or not to buy
I have agreed to buy my first SFH investment property from a TK (turnkey) and just received the inspection report. The SFH is 60 years old but was represented as being "fully rehabbed". The inspection report is con...
Eli C.
1099INT for private loans
I have a number of private loans to me. I am paying interest on these loans, but since they are private individuals they wont be submitting 1099INTs to me.
How do others deal with this?
Jason Schatz
Schedule E vs. Schedule C - Rental Business
Happy New Year All -So one of my goals for 2019 is to get my book keeping much more organized, and while doing that I have a question I thought I would throw out to those more experienced than I. 5 years ago I left my...
Salvatore Spano
BOI (Beneficial ownership information)
Are some LLCs exempt from submitting this info? In particular, sole proprietorships? Does anybody know? Thanks.
Rick R.
Commercial Retail - Big box store Out of State
Hello InvestorsI need some advice on this out of state Commercial purchase. We own small Commercial office spaces and are looking into purchasing a Retail building with 2 tenants with one of them being a big box corpo...
Harry Garner
Depreciation Not Included on K-1
My wife and I have recently formed an LLC in Alabama with her 2 siblings and their spouses to purchase a short term rental property also in Alabama. We are 15 months into this and are now having our first full year ta...
Jerry Poon
Mortgage from Private Lender or Regular Bank?
I am seeking a loan, and I have a few options between a private lender and a regular bank. The terms are similar. What are the pros and cons of each?Will the private loan show up on my credit?And lastly, what are the ...
Ben Bakhshi
Should I expense tax and insurance escrow payments monthly?
This is a bookkeeping question.Every month we make a mortgage payment which includes: Principal, Interest, and Tax & Insurance.I split the payment in Quickbooks Online, so every month our mortgage goes down, plus ...