Carlo Michelotti
W-9s & 1099s: How do I pay contractors "under the table"?
I've have guys doing rehab work without a contract, and I pay them with checks out of a business account. They're licensed, but this is "side-work" for them. They do good work and don't charge a lot, so I thought ever...
David T.
Looking for a CPA...
Hi,
I’m currently living in Orange County, CA and would like to work with a real estate CPA to do my taxes and optimize/evaluate my tax returns from previous year.
I’ve always done taxes by myself using TurboTax in...
Christopher Middleton
Life Insurance used as a bank account
I was listening to some old podcasts from "The Real Estate Guys" today. They had a special guest speaking about using life insurance as a better bank account for REI's.
Has anyone used Whole Life Insurance as a bank...
Sivakumar Ganapathy
Cash-out refinance mortgage interest tax credit
All,I'm pretty amazed at the collective strength of such an amazing community. After spending a whole couple of days reading through various forum posts, I'm still not clear on how people who invest in 100s of investm...
Diego A.
Do I need to create a LLC (or other company) to manage my rentals
Hi Experts,I am new in managing rentals. We have just expanded our portfolio to two single family home rentals.The new tenant is asking me to provide a receipt, so that I just bought a receipt book but that make me th...
Neal Walters
Condo Fire - HOA Condo Master Policy and Repair
The condo master policy covers "sheetrock out" I was told, and they have a $10k deductible. As landlord, I didn't have any additional insurance. So now the insurance company has finished their investigation. I need...
Jodi Gauthier
BRRRR Calculator Question
I am using the BRRRR calculator for the first time and am having some difficulty inputting my numbers and getting accurate figures for a property I rolled repair costs into. I purchased the property for 182k. The ban...
Richard Zahm
California Equity Sharing for Homebuyers, Homeowners, Landlords
We’ve got a new approach for home finance: equity sharing.Homebuyers can get a lift from investors in making a down payment on a house.Homeowners can access equity in their home by selling a portion of their equity. T...
Ken Powell
Property management
A property I am managing had flooding in the upstairs bathroom and leaked into the down stairs bathroom, hallway and Kitchen. Would have been a nightmare to repair but thank good it was covered by insurance. $15k of d...
Mitch Vogatsky
Maximum Monthly Mortgage
I just started looking for my first property, a small multi family to house hack. To give myself a maximum price of what I can buy, I’ve been basing it off of the monthly mortgage that I’d prefer to stay at or under (...