I have a QuickBooks question pertaining to landlording. As a rule, how are you handling or categorizing the following?:
Cash outs from real estate closings in which the buyer has excess funds left over from a purcha...
Hey everyone!I started my business 7 months ago and I'm looking to get into the rental game. However, I have come to find out that most lenders would like at least 2 years of tax returns to get approval for a loan. Ma...
Hello all,I have created a LLC for soon to be booming real estate investment business. I say soon to be because I currently have two properties(one rental, one primary residence). I will be converting my primary res...
In another thread Steven Hamilton II wrote
The penalty for not filling is worse than the penalty for not paying.
This brings up the question do I have to file? I have several companies.
Do I have to file in the fol...
July 13' my parents gave me a loan for my primary house because I am self employed and had a hard time getting a loan. I should be able to get a loan after tax season and buy the property. Since they are helping me ou...
Hi BPI am future planning.I kinda know about 1031 exchange but never done one, b.c #1 timing and #2 not cost effective at the time------I bought a duplex that has 2 separate deeds, I am currently rehabbing and hopeful...
I'm getting prequalified for a loan at a large national bank. He requested for my pay stub, last 2 years tax returns, any applicable w2 and k1, and 2 months bank statement for source of down payment. This all seems ...
I wanted to ask the experts here how they go about doing due diligence on a property. What is your process and what I should be looking out for?
Thanks,
Chanel
Does anyone know of a good preparer in the Lubbock Texas area? Last year as my first year with a rental house and I have always used Turbo Tax in the past to do mine.
I found an interesting deal for a lake home that could serve as a primary home with 2 apartments below. I’m considering purchase options.
Option 1 - I can sell my primary home and purchase the lake home.
Option 2 -...