Chris McHaney
EIDL Use of Funds and Real Need?
We have been approved for the EIDL loan, but after taking a look at all of the requirements for use of funds, I can't see how it's advisable for landlords to take this loan, unless you are truly in need, hence the ter...
Eric Jones
Personal Funds into Rental Account
My current goal is to scale.I would like to send money from our personal account into our rental account on a monthly basis to let the cashflow and personal funds accumulate. This money would then be used to purchase...
Cam Chan
Low cost option for Cost Segregation?
Does anyone know if there is a software or service that is a Low cost option for Cost Segregation? I understand that there is such a service/software that is enough to meet IRS standards without an actual appraiser g...
Jerron Contratto
Help. Should I amend my taxes
Hello everybody. I hoping for some solid advice here as im torn on what to do. A long story short, I sent out my paperwork with instructions to my CPA who filed my taxes. For one reason or another she wrote off more ...
Renee Allen
Corporation
I was told I might have to have a Corporation. Why and how do I go about doing this without it costing me loads of money that I really dont want to spend. Can an individual be incorporated?
Jimmy Dale
Developer wants our money
I live in a community association in Florida. The developer is about to turn over complete control to the HOA. We have some excess funds in our account and the developer wants us to hand the excess funds over befor...
Peter Eberhardt
Funding during COVID for 1099 MISC income
Hey all,
I am looking to see if anyone has anymore info about utilizing 1099 income for acquiring a conventional loan on an investment property. According to this this article, I should still be able to use my 1099...
Gina Lowe
Self directed ira to buy currently owned properties
I'm wondering if there is a legal way to use a self directed ira to buy a PROPERTY I CURRENTLY OWN THROUGH A LLC? I could retire the mortgage if so.
Morgan Gruelle
how to track cash expenses?
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...
Ernesto Hernandez
Home Office Deduction - What if you have yet to buy a property?
I’ve poked around online and used the search function and couldn’t come to a definitive conclusion. 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 ...