Hi, I do my own bookkeeping and am trying to figure out the proper way to book a refinance on an investment property.The refinance was a zero-cost refi with a huge credit of -0.75 points (on a $1.6M loan). This covere...
I am curious what the purpose of requiring a tenant to sign a W-9 might be. I have never had to do that when I rented before. The landlord is saying their bank requires it.
Hi, After how many properties should we incorporate in Canada? Are you allowed to claim CCA for Tesla (Zero emission) that is used to manage residential properties in your personal name?
We have a few investment properties for several years. One in personal name, others in disregarded LLCs. Thinking through different exit strategies which include 1031s (traditional,) outright sales, switches into over...
I have several short term rentals with positive cash flow well over the mortgage payment. When I go to purchase a primary residence on a conventional loan, my DTI ratio is too high because the bank won’t count the sho...
Hi,
Imagine the following setup:
->TexasSeriesLLC that holds no assets and serves as the "parent" LLC, single member (me), member-managed, has its own EIN and bank account.
---->Cell1 - a protected series of ...
I am interested in private lending my capital out to real estate investors, but I'm not sure if there is better more tax efficient way of lending that would reduce my tax burden. My capital is not located in IRA'S, 40...
I have not used my self-directed IRA (SDIRA) to invest in a multifamily syndication yet and would love to understand from other investors what you loved/hated about your experience... Thanks!
I work for a bank and during IRA training today it was briefly brought to our attention that the IRS waives its 10% premature penalty on a Traditional IRA distribution if that distribution is used for a first home pur...
Hello BP community,I am an experienced house renovator with no experience in flipping houses. Let me explain. Ive been in home construction, remolding and maintenance all my life. I worked as a commercial maintenance ...