Carlo Michelotti
W-9s & 1099s: How do I pay contractors "under the table"?
I've have guys doing rehab work without a contract, and I pay them with checks out of a business account. They're licensed, but this is "side-work" for them. They do good work and don't charge a lot, so I thought ever...
Sam Abe
Prospective tenant wants reason for declining them.
I was considering a tenant for my rental and asked them to fill an online credit check with MySmartMove. The system recommended one of the occupants as DECLINE and so I declined their application and now they want wri...
Andrew Arthur
Another DSCR Question - Better with LLC or in Personal Name
Currently a W2 employee, own two properties and ready to purchase a third but my DTI will not allow it. From my understanding and research the DSCR Loan is the only way in my situation. However, is the better strategy...
Jordan L.
Do you track your evictions?
I’m in the midst of my first eviction. It got me wondering what to expect in the future. Does anyone track the % of tenants in eviction status at any given time? Also, what type and class are your properties? I ow...
Josh Goertzen
Issues With Inspections
What are your biggest issues that seem to keep coming up with inspections? I’m curious to know if it tends to be with the inspector, the report, or something else. Please comment below!
Yuriy Skripnichenko
S-corp as a Trust Beneficiary and tax implication
I have two questions that I cannot find definitive answer to. If you have similar structure or a professional and know how it works, please explain.I have a property in Trust. The trust’s beneficiary is an S-corp owne...
N/A N/A
LLC for rental properties
Hey guys,
I'm new here, and I have a question about the way LLCs should be set up and how they are taxed.
I am thinking of investing in a duplex, and renting out both units. When forming the LLC, I am wondering ...
Dominique Osborn
Importance of Having Boots on the Ground
Hey guys,Just thought I'd add some interesting observations from being in the real estate business for 5 years and seeing over 500 transactions. "Boots on the Ground"Why is it so important to have people that you know...
George Leeman
How to become a hard money lender?
I am not looking to start my own business in hard money lending, im wondering if there are any companies that work with investors such as myself? I have heard there are companies that allow you to diversify across mul...
Doron Nisenbaum
How do you track and collect all the expanses?
Hi,I am about to have my first TAX report this year, and the CPA is asking for all the expense.During the rehab, I got tons of receipts and invoices. How do you keep track? Do you have some filing system?Thanks Doron