David C.
Private Loan, Note Purchase
I’m considering lending money to a house flipper. Because I’d like to avoid any issues surrounding loan origination regulations (usury, disclosures, licensing, etc.), I’m considering having him personally create a no...
Michael Plaks
1099-NEC due February 1st (replaces 1099-MISC)
NEW form 1099-NEC replaced 1099-MISC for contract labor THE DEADLINE IS FEBRUARY 1st! When, where and how?
The short answer is: obtain form 1099-NEC, fill it out, and mail “copy A” of that form to the IRS and to ...
Jason Layman
LLC vs S corp in NC
I have heard that you should be an LLC and then file as a S corp. My accountant to day told me that i should just be an S corp due to a few reasons. I am new in the real estate game and would like some opinions and...
Danny Ondik
Who is in charge of taking care of the lawn?
As I buy my first property, I wouldn't mind taking care of the single family lawn and property to make sure it is really well kept. I just don't know if renters typically want to do this themselves in a single family ...
Chris Walters
Collecting Rent through ePayments (Yes or No?)
Hi everyone,What is your opinion about collecting rent through electronic payments? Specifically online debit or credit card payments. Any good or bad stories? Any methods of preventing a tenant who uses a frauded car...
Kyle Welsh
New Member from Hampton Roads, VA
Hello everyone, I am Kyle and recently left the military to pursue full time real estate investing with my business partner, Darren, who I attended West Point with. We now live in the Hampton Roads area; more specifi...
Account Closed
In my situation how much interest/taxes can I deduct for my rental property?
Hi guys, newbie here.
I purchased a rental property in April; because it took a few months to complete all repairs it wasn't available for renting until September.
Here are my questions:
1. Can I deduct mortgage in...
Satyajit Bappanadu Manjunath
Pre-approval from multiple lenders
I am a rookie investor looking to invest in SFH to hold as rentals long term. I am planning to use conventional financing to finance my investment. I have started looking for listings recently.I am a bit confused when...
Nathan Williams
Should I be worried about the UBIT / UBTI tax and an SDIRA?
Hi All,I am interested in transferring funds from my IRA held at a brokerage firm to a SDIRA with a custodian. I've done my homework on SDIRAs and I am aware of the benefits and the restrictions. However, my tax attor...
Alonna Johnson
Provision Wealth
Looking for anyone who has worked with or researched working with ProVision in the Wealth Building Program (Tom Wheelwright-Rich Dad, Poor Dad CPA). It's a big financial commitment and would love input before moving f...