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I'd like to propose a simple question. If you have the ability to source investment capital regularly at a realistic interest rate, let's say 7% APR. Is it wiser to borrow the money rather than 'earn' the money trad...
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Landlord using income criteria, which one would you suggest from list below or there other alternatives? 1. Combined income of 3x2. Each applicant has 2-3x income 3. At least one of the applicant has 3x income4. Any o...
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I'm a 25 year old Journeyman Carpenter and my wife is a Realtor. We have successfully "flipped" two homes on the side now. We lived in each house two years to avoid capital gains. I did 100% of the work myself, mad...
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The main benefit everyone's raves about, in regards to using an S Corp to flip properties, is being able to funnel some of the profits as "distributions" and limit self employment taxes.
However, in my situation my ...
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I love maxing out our tax-advantaged accounts (my 401k at work and Roth IRAs for my wife and myself). Usually we have a few thousand dollars each year to invest after we max out these accounts (and it usually just go...
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Let's take an example. Let's say a trust deed backed note was issued in August 2005 in the amount of $44,500, with interest rate of 6%, and payments of $266.80 amortized over 30 years. Let's say you bought it in Septe...
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I'm not sure if it would be more beneficial to keep all money earned from wholesaling properties separate from my income from my everyday job. Just looking for some advice on what the better play is with that.
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Hi all - I'm hoping folks can give me their thoughts on my situation as I determine whether to sell or rent out my 2 bed/2bath condo in Washington, DC. Here's the numbers:Monthly mortgage - 1750Expected Rent - 2800Pro...
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Hi there,I am a dual US/Australian citizen who resides in Australia with my US citizen wife. I am looking to obtain the services of an Accountant in the US who can do our annual US tax returns. ThanksPeter
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I work as a Dental Hygienist in NY. Have been working all through school and landed my career job a year ago. First 6 months was paid hourly, since Jan 2018 have been on straight commission pay.
Have tried multiple ...