All Forum Posts by: Matt R.

David is correct,
even I managed to figure that out by reading the IRS descriptions and rules.

You need to find a real CPA.

Definitely agree with Mark's comments.

There's a real learning curve to learning how QuickBooks expects data to be captured.
But once it's done it's not so hard, and I think it helped me correctly classify items earlier (during data entry) rather that later (during tax time).
It's like Word - although not the best everybody uses it and it's easy to provide info for other people.

Also note - there's no support for their software older than 3 years. It will likely continue to work just fine for ever, but if you ever need official help (just like Microsoft) and your product is too old - well, tough luck.
I've resigned myself to buying new versions every 3 years just to make sure that if I ever need support, it's there.

I actually use QuickBooks.
I had QuickBooks for a different business, and read the reviews on Rental Manager.
But I didn't see the value add of buying that.

QuickBooks can be setup for property (incl handling the depreciation) and tenants paying rent.
Seems to work fine and I had no problems (fingers crossed) getting my taxes done this year by pulling the info out of QuickBooks.

Hi Lily,
don't guess and don't go with what makes sense.

Check out the specific agreement that the previous agent had with your buyer.
It could be the case that a written agreement is in place for the previous agent to get his commission on ANY sale that your buyer makes - even if the agent is not directly involved.

I too applaud your responses and explanations. The folks here are smart folks who don't suffer fools and it can sometimes seem pretty brutal when drilling down into a problem. You kept your cool.

"Isn't the attorney supposed to look out for his client's interests? How is it in her best interest to be stuck at a run down house for so long? If I was the attorney I would ensure the seller sells as quickly as possible and try to work with the buyer."

My input on some of your comments previously would relate to something that I myself fall into - expecting others to do their jobs.
When I think back to the broker that helped me get myself sorted out she was like a puppy with a wet rag. During the process she was chasing EVERYTHING up every day - even if it wasn't strictly her area. True, everyone in the process should have a financial motivation to get things moving along but..stuff happens; paperwork piles up; folks get sick; etc. etc.
But she was pinging me or updating me at least once a day. If something wasn't moving she was off calling them to remind them on what THEY needed to be doing next.

She was awesome - so I'm definitely sticking with her for all future transactions.

Hi Bill,
sorry - I don't get your point.

If I agree to the contract and penalties involved, then later swap my AT&T iPhone over to Verizon and pay my dues...what ethical lapse have I committed ?

"it seems ironic to me that entities like Fannie Mae, which are as responsible as any for creating the systemic risks that the default wave poses to the larger economy, are often as not the ones pushing the “strategic default†moral narrative."

I'd have more sympathy for the 'morality' angle if it was being pushed by someone who doesn't have a vested interest in getting their monthly payments.
I don't recall howls of anguish from lenders when 'no-doc' loans were all the rage, and I don't believe they were loosing sleep over borrowers who wouldn't be able to pay their ARM loans when they reset in the future.

Contracts were signed, they invoked the contract to get the collateral on the loan. Now, there's no legal recourse left for them so they fall back on 'patriotism' or 'morality' to try to encourage borrowers to keep paying.

If they wanted to play the 'moral' angle from the start, don't have a written contract but just take my word for it and seal the deal with a handshake.

As Jon says, all they need is a 1% response rate on something that is essentially free.
Sending out a million or ten million EMails costs them nothing.

At work, we have spam filters and I occasionally check it out to see if there's anything important that was wrongly classified.
When I look at some of these spam EMails - Jeez. I can't imagine why anyone would consider sending money to any of these badly written, obviously fake web sites.
If they're so eager to throw their money away, send it my way. My bank account number is xxx-xxx-xxx !
At least our good buddy Melinda is offering something that might actually be useful.
(No I'm not praising her or their methods 8^)

Hi John.
capital - more is better
Marketing ideas - more is better
What is a good deal - one that makes you money

8^)

There's huge amounts of great information here on BP so many of your questions have probably already been discussed. Browse as much as you can for as long as you can. You'll learn an incredible amount of info.
All the folks here are happy to provide solid, free (!) advice...but the more specific your questions the quicker and easier they will get answered.

I'm quite capable of managing my finances well enough to handle paying my own taxes and insurance.