Bryce Kennebeck
Creating a property management company to service my own property and I have question
So I own a triplex with 2 of the units being managed by a PM and used for Airbnb and myself living in the third and I have 20% equity. In the near future id like to move out and purchase another similar property but I...
Cheree Harris
Tax Question for Rentals
Applied and was approved for a guidance line of credit in my personal name before starting a real estate business with another party. Closing on the home next week but payments will be made to lender from company acco...
Marina Macartney
HELOC - Payoff with conventional loan, taxed?
We got a slight discount on a rental property with a cash offer. We are funding with a HELOC but quickly taking a conventional loan to payback the HELOC. Can we have the loan wired to the HELOC account directly or is ...
Jason Krawitz
W9 requested by tenant.
Good afternoon! I'm working with a tenant that is a business. They want to pay me via EFT which I'm fine with. However, they want a W9 form from me to set up the EFT. I'm no tax expert by any means. The only sensitive...
Eric Dufault
Changes from Owner Occupied to Completely Rented Duplex
I've been looking into purchasing a duplex as an owner occupant utilizing no money down with a VA Loan. After this is completed and I have lived in the home for a certain period of time, I would be looking into renti...
Patrick Brooks
Seller Financing and Tax implications for seller carrying
Hi All,I'm a new Pro member and excited about using this platform more and more. I've been in Real Estate for almost 8 years now and it may be bad that I don't know this but; when a seller carries a loan, what taxes d...
David Urena-Amaro
My Thursday Three's!
1: How do I pay taxes on the rent money I recieve from tendants/do I have too?
2: What loan finances avoid having money in the bank for more than two months? (Is that even a thing?)
3: What are some tax benefits and...
Sean Thompson
Llc flow through question
Hello . I'm just getting started. Currently have one property. I'm wondering how to best maximize taxes while staying legal. --
I know that businesses don't get taxed on their expenses, only the profits. From that sta...
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Create a LLC holding company for property
Hi,
What are the advantages/disadvantages of creating an LLC when buying a commerical property? I understand how LLC offers legal protection ina business situation, but how does it apply to real estate?
Also...
Mel HarsH
Brrrr - How does it work with “debt to income ratio”?
With the BRRRR method, how can you own 10 properties or more and not be effected by “ debt to income ratio”?