Aksel A.
Solar Panel Financing
Greetings fellas,I just got off the phone with GeoStellar, and it appears that owner occupiers of small residential multi-family investment properties cannot easily get an in-house financing (as opposed to traditional...
Steph C.
Rehabs and 1099s
I know this a common topic of discussion, but thought I'd ask another question as it relates to rehabs (we GC our own rehabs).
I know you need to send a 1099 to any "independent" contractor to which you pay $600 or m...
Allen L.
What is the deal with 1099-NEC, rentals, and ICs?
I work with a few independent contractors on rehab projects. These ICs are either sole proprietors or work in their sole member LLC. I started reading into 1099-NEC and from posts on BP and elsewhere it sounds like I ...
Erika Caba
I DIDN’T GET APPROVED TO BUY MY 2ND PROPERTY.
Hello everyone,
I’m new to this website and I want to share with you something that happened to me back in May. As of now, I owned a duplex, and rent them. I get a good cash flow from them every month. On May I decid...
Jody Greenberg
DIY cost segregation question
I'm wondering if anyone has any experience with using the platforms from KBKG, DIYcostseg, or titan echo. I'm going to try one of the three on one of my recently purchased multifamily properties.
I've already gone ...
Account Closed
Workers comp on a flip in Fl. that you're the managing partner on
How does everyone handle Worker comp when you are a managing partner on a flip ? .. My investing partner has informed me, that i am not allowed to hire any laborers on our flip house .. even for yard clean up .. the p...
Account Closed
IRS imposes $50 Penalty (to you?) if your 1099-MISC/S is missing Contractor's SSN/TIN
apparently in all of USA, per IRS.thus all the more reason to REQUIRE, per IRS, of all your contractors/subs, their corect SSN/TIN, as a condition of hire.what should be used to request it, litigiously, then? a W-9...
Morgan Gruelle
how do you track expenses you pay cash for?
I am wondering how I can account for cash expenses. I have a rental property that I did not have time to paint so I paid a friend cash to paint the rooms over the coarse of a few days. I am wondering how can I track t...
Taylor Mason
For tax purposes, am I considered a Real Estate Professional?
For the past year, I’ve worked full-time as a licensed multifamily investment sales agent. It’s worth noting that I am an independent contractor as well. Would I qualify as a Real Estate Professional for tax purposes?...
Amy Konopka
Cost Segregation Companies ~Any suggestions?
Good or bad experiences? Home is in Temecula, CA. Purchase price 545K, new paint floors and fixtures, appraised at 825K. Also outfitting with furniture and fixings as a Midterm rental. Will this completely erase my o...