16 April 2025 | 9 replies
I use Buildium and it has the option to receive online payments from tenants and also has the function to pay owners online!
17 April 2025 | 17 replies
(married filing jointly, 1 college dependent, standard deduction)$80k passive rental income = $5,135 tax billThis next example shifts $11k to self employment income with matching $11k traditional IRA contributions$69k passive rental income with $11k of self employment income = $5,273 tax billWe could shift more passive income of course with the idea of a matching IRA contribution up to $15k.The tax bills seem close enough to call it a wash with the largest benefit being that the self employment income would replace a zero in my wifes social security calculations.
16 April 2025 | 7 replies
The 721 UPIRET is a great product out there from the Worlds largest privately own real estate companies.
15 April 2025 | 22 replies
As the largest investor in each loan, we do receive the points at closings.
15 April 2025 | 10 replies
Depending on the company and services offered, PMs function as a legal agent and middle-man for rent collection, property maintenance, etc - this is difficult to do if the owner needs a touch-base for every action.
17 April 2025 | 91 replies
The US is a gigantic consumer and we kept blowing oxygen into that fire for decades and made it the world largest factory.
16 April 2025 | 15 replies
That way you can keep these two functions separate.
15 April 2025 | 10 replies
Stessa, Baselane seems to offer a lot more functionality without the monthly subscription.
14 April 2025 | 2 replies
We have two different pension plans, one being a basic traditional one that I mainly understand where I have to stay there for at least 10 years to be eligible for it and then there is a second option they call a hybrid plan with different rules that functions differently I guess.
16 April 2025 | 37 replies
I have done this about 2 dozen times and in all those reviews I have only found one return where all the real estate investing activity was reported correctly, and they had to contact TurboTax to override the software functionality to report it the way it was reported.