I have done tax prep for 7 years and the rentals are always a low value, high input tax return. The client thinks bringing in a wad of receipts is legit and you're stuck categorizing everything in excel while thinking...
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I have read, but want to confirm that I can report forgiven rent payments from a tenant as income to the IRS. The tenant moved out and owes me for last month and a half rent plus utilities. Instead of going after th...
Hi All. First post. First investment property. Just getting my financial house in order and talking to some lenders. Most of them are quoting me: An origination fee - $2500A processing fee - $1000An Underwriting fee -...
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I’m getting ready to apply to HELOC on my primary. Spouse and I are on the title and loan. I believe I can qualify for the HELOC on my own, saving my wife with additional debt ( when used) on her credit.Is there anyt...
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I'm gearing up to get all my financials documented so I can start the process of finding lenders. When it comes to what debt is held, do I only list debt in my name (which would be the house mortgage that's in both my...
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Hey BP, if anyone knows has any good current economy podcasts, people who know what they are talking about. Nationwide or Florida Specific, please let me know of you have a minute.With that said, if anyone else has an...
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Does anyone know if the BiggerPockets SmartMove coupon is for one time use per account or multiple uses?Also does the full credit report include a FICO score?
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Hello,I work a normal job, and my wife is the real estate professional who helps manage our investment properties. Due to depreciation, we report negative taxable income from our real estate investments, which helps ...
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For a business person credit report is the important one which decides his financial status for his business growth, it is little difficult to maintain reports for a huge business process.To make this easy some of the...