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?
I currently have tenants who pay through Zelle and with money orders. I want to move my checking account to a smaller community bank with fewer branches. While the procedure will be the same for my Zelle payers, the l...
Curious how you all have you accounts set up. Right now I have a rental account where the deposit is made from the renter, then every month i pay my mortgage payment from my general bills account manually. I would lik...
I’m aiming to have at least two rental properties (my first) by year end, but I’m unsure about the rental laws in Chicago.How hard is to evict a renter in Chicago? What’s the process?
A few years ago, I stumbled upon a financing mechanism that I believe seems underutilized in the real estate investment space: securities-based lending. For those who might be unfamiliar, this approach lets investor...
I'm currently in talks with a Senior Owner to buy his 10 Unit Rental Property through Seller Financing. i have couple of questions Regards to tax benefits to him. so I can speak more Confidently about this deal.
Numb...
Long time listener, I have a newbie Q though. I know the answer is "it depends on your personal goals" but hear me out.What are the disadvantages of putting 30% down on a rental property? (here out my story below)I am...
Hello,This is my first time filing a Schedule E (Real Estate income) and had some basic questions.1. I have a Townhome, what property type is this (1.b. on form)? SFR / MFR?2. My property manager gave me a 1099-MISC ...
Hello all:When a security deposit is received on a new long-term rental lease, I categorize that in my accounting system as "deposit", separate from rent. It isn't income, doesn't show as a gain, etc. When that same t...
Hi all. Looking to get some feedback. Is it unreasonable for me to request a breakdown of services and receipts from my property managers contractor when doing a repair. My PM had their contractor do a make ready afte...