I often hear that you need to pay social security taxes on your profits from flipping. What if you already pay the max social security tax on your income from your regular job? Would the flip profits still be subjec...
My tenants provided me sercurity deposit and first / last month rent at lease signing.As I understand that Florida law require that security deposit to be held in separate bank account. But I'm not quite sure if last ...
if you have more than 10 doors in GA or if you use a property management company, you have to set up “escrow account” for security deposit. None of the banks around my area have that capability, if they do they requi...
I'm in the Canad]ian market and just want some clarification. Is the amount that you pull out on a cash-out refi, actually the forced ARV 'cash' or am I paying taxes and or interest on that cash amount based on the ne...
Hi Everyone-I have just accepted my first tenant in my new rental property. I will be collecting a deposit to hold. Where should I put that money? I plan on making it her security deposit if all goes well, but before ...
I’m managing a rental property for an out of state landlord. I need to open a tenant security account. The bank is not making it easy. Can the account be opened with a property manager name and tenant? Instead of land...
Came to find out my elderly relative in her 80s has two properties rented out to the same person, but she has no security deposit in hand for either (one commercial, one residential)
Residential property - lease stat...
A friend recently asked me to compare two Houston zip codes, 77008 and 77063, from an investment perspective.
Now, I'm a big fan of Texas but the first thing I said to him was the weather is HORRENDOUS. Anything simi...
If you have a third party managing / overseeing construction, CapEx improvements, larger repairs, etc. what is the fee (%?) you pay them for this oversight / management? Are there variables based on scope, cost, durat...
Extremely green!!
Nonetheless I have an appt with to see a house in 12 hrs. Seller has house listed with agent at 274,750. Owes 40K. Legal three unit bldg, three tenants. None with a formal lease. Seems to b...