Anna Batchelor
How is VT STR income tax calculated?
I’m looking for some help understanding how my income from a VT STR is going to be calculated. I’m anticipating a 30k gross and 10k net income after expenses. Does the gross or net income get taxed? Since I’m only MAK...
Curt Smith
Sched E landlord, where to best deduct business expenses: education etc?
Hi Folks, Last few years I just added up my general business expenses: education, technology, subscriptoins etc, divided by my number of Sched E houses and added an expense called General business expense onto EACH h...
Jacqueline Carrington
The 6% Pushback
My broker's fee is 6% on all listing contracts. Yes, everything is negotiable but how do other agents counter when a seller says "6% is too high". How do you make the seller see your value in that 6%? How often do you...
Stetson Miller
Looking For Investor Friendly Broker To Work For
I'm currently looking at taking my agent licensing class this month or in May of next year, and to work in the Fort Myers, Fl area. This will mostly be for my own use and for working with local investors. However, I a...
NaTarrio Jones
Rent Payment Reversed NSF but tenant says funds were available
Hello BP. I currently self manage my properties using Buildium and I love it especially the resident portal and ability to accept ACH rent payments. Recently after over a year of succesful payments a tenant payment ...
Bienes Raices
Problem with security deposit account, and Bank of America
I set up two business checking accounts for my LLC--one for the rents,etc. for the property that will be held by that LLC, and the other for just the security deposit for that property, as my state's law requires. (la...
Savai Smith
I Want to Flip in North Carolina
Hello!What is the best method to go about seeking a legitimate private lender, to fund the purchase of a residential property/rehab, here in the Raleigh-Durham, NC area? Once I successfully sell this flip, I would us...
Charles D.
Need recommendation on firing and hiring new property management
Hi, my wife has a house in Tacoma Washington. The property management she has does not do a good job. They keep the rent from the tentan and said the money was spent on maintenances which she was not notified. She has...
Troy Pauls
Tracking Expense for Real Estate Business Before Business Account
Hello All, I have been working on my real estate business for the last year. However I have not had a business account and have been using my personal funds and Amex for my expenses. So I need help understanding how t...
Cale Myrick
Start Up Costs? Ideas for creative saving?
Im about to finish my schooling to obtain my real estate license. The only issue is, I want to get started right away being an agent, except the start up costs are around $2500... and i simply dont have that / cannot ...