Krishnan T.
Sent 1099 NEC to contractor ,do I have to send the 1096 to IRS?
For work done of my rental (sold 2020) I sent a 1099 NEC to the contractor. Do I have to send a 1096 referencing the 1099 NEC to IRS before I do the taxes for 2020? . The property was held and sold under personal name.
Lauren E.
How often are you sticking to the 1% rule?
I’m finding that this is tough to achieve. Even on well located, healthy income-producing and appreciating properties. How often are you able to hit that target and what are the reasons that you would consider buying ...
John Anderson
How do you determine the FMV of a LLC property distribution?
We currently have a small two person LLC that holds a fully paid off investment property. We would like to distribute the fully-paid off property to its owners as a return of capital.I understand that the distribution...
Rohan Dodda
Interested in building wealth through Real Estate. 17 right now.
I am 17 right now and in high school. I am really interested in building wealth (mainly through real estate) when I get older. However, I don't know where to start. I've been listening to the podcasts and reading self...
Maria Luna
Land contract with high interest rate!
Hello dear investors,I would like to hear what percentage interest rate have you guys paid for land contract/owner finance??I found a home owner willing to do a land contract with me on a SF but he’s asking for 8% int...
Jesse Aaron
Business line of credit to fund purchase?
Newbie here. Going to look at at potential rental property; 38k for 3.5 acres, 2 bed, 1 bath. Rural area so I’m assuming will rent for 650-750 monthly. I have enough cash for a 25-30% down payment, but an older invest...
Kevin Christensen
VA Refinance on Primary Residence
I bought my primary residence with a 5.0% interest rate VA jumbo loan 8/2018. I am getting offers to refinance at 2.75%. My credit has dramatically improved since last year. Loan is $505k. Never done a refi on my prim...
Shaun T.
How to push back on a out-of-whack appraisal reports
Hi all,I am trying to refi two of my BRRR projects in Anaheim, CA and Huntington Beach, CA. The lender charged $650 per to "independent" appraisals. I can't believe the results - these are SFRs appraised at least 8%...
Erik Zamboni
Neighborhood Scout Software Predictions
I like the software but has anyone been a long term customer to determine the validity of the appreciation projections? Please share your experiences, positive and negative.
Costel Ciocoi
Small loan Cleveland OH
I own a triplex free and clear in Cleveland OH (about 50k value) and i like to get a loan against it so i can have money for my next deal. Any advice who can offer small loan for this? Thanks