I read somewhere that when you are remodeling a house to rent that some of the repairs actually can be written off in the year in which the remodel takes places and that it all doesn't have to be included in the cost ...
The market I had chose to invest in Canada (around halifax) is seeing a bit of a shift. With rates continuing to go up and putting downward pressure on this market, I do not want to rush into a deal unless it absolute...
Hi everyone,
i am looking to get into the STR market by purchasing my first property in Virginia this winter.
On the finance side, I assume I will need to start an LLC. How will that effect the purchasing process? ...
I've read some online resources but still have a lot of questions. Here is the first batch of questions:1. One intermediary my CPA recommended says this on their website:
[First, set up an account] "Second, via an e...
I’m looking into different ways to fund deals and am curious about using my 401k, IRA, and/or stock accounts on margin to help fund my deals. I’m looking for answers to questions like:• How much can I borrow?• Am I re...
I've got a STR with 6 TV's (one in each room and the living room). Each TV has cable and my overall monthly bill is around $250 with high-speed Internet. I'm looking for options to reduce the utility cost. I was think...
Hello! So I am recently starting a career as an analyst and I need to start making decisions as far as my 401K is concerned. I have this idea that I'm not sure is good/ bad or allowed with 401K's. I will explain my...
Wyoming law states I must return the deposit within 30 days, or 15 days after receiving a forwarding address. If there are deductions due to cleaning or repairs, I have 60 days to return the remainders of the deposit...
Tenant claims their bank accounts were seized by IRS and money was garnished for back taxes. A couple rent payments were already late. This will be the third time the rent is late since the money garnished was the ten...
When my LLC issues a K-1 to its investor, who's tax ID number is entered for the recipient? The investors SSN? The investment funds came from a self-directed IRA so the partner is not a person, but an IRA account. Yet...