All Forum Posts by: Nadine Lajoie

Non permitted room, what to do with that? I just got another offer accepted, but realizing the second room was not permitted, 2 or 3 owners ago, so will that put me in trouble when I resell after my repairs? Is there a penalty (or need to destroy the wall, or get city inspection if up to code) if city discover it? I think usually there is no problem, but I'm not sure how to deal with that. I'm still in my contingency period, I can still get out of the deal but I like the place... thanks

I used my own money to fund my companies, my accountants structured them the wrong way, now I discovered it by myself, so I'm trying to fix their mess before closing one of them....  and recoup my money... sure there is a way... just need to talk to the right people!!!

Company is not closed yet.

. And since 2 years, hired 3 different cpa's, they made 192 mistakes in 6 tax returns and never answered those major questions, vicious circle and charging extra fees... after all those mistakes, I don't trust them anymore!!!  :-(

Tax questions: when you close a company, are the Capital Losses become a terminal loss, so you can apply Capital Losses against your other income in the last year of the company? Or is there a way to transfer that Loss to another company who had capital gains? without being too complicated.... yes I tried to reach accountants since over a month but everyone says they are too busy until End of October for a PAID consultation!!! but this tax return is due Sept 30th....
Hope someone can help. thanks

I'm sick and tired of those lenders who are giving pre-approval letters that MEANS NOTHING when it is time to CLOSE on the deal!! Why is it even legal??? Their lender is late for closing on Monday, so YES, we can still accept back-up offers and even get out of the deal if necessary!!! Take your chance... come to visit!

thanks everyone...  I will work on those...

@Kari, did you have a software in mind?  I tried a few a few years ago and never worked... but will tried those new ones recommended here soon...

Thanks

Yes I used the classes in QB... but still need to do 3 reports to get everything together... balance sheet, trial balance and P&L with QB... that is what I'm trying to avoid...  when I had 11 houses, I needed 33 reports and was a pain!

@john thedford...  yes I think so, or different projects as we did... but problem is again, you still need PL, balance sheet and trial balance numbers to make anything works, right??? unless you have something else in mind???

Good luck and let us know... I worked directly with my accounts few years ago, and nothing easy was there for REI.... hope they improved! Thanks

thanks, will look into it...

and QB, yes I did the work around myself, with excel and combining the info from the P&L, Trial balance and original investments, but that is a real pain... 

Downloading my data from bank accounts, assign them in different columns and SORT by house is the best way I found so far but my accountant doesn't like that!!! Cannot be more accurate and easier than that I think....  but not sufficient he said....   wanted to delegate that portion, but looks like I'm still stuck with that!

will let you know if I find something or if propertyware does the job. 

thanks