Marc Shin
Operating agreement for an LLC
16 September 2024 | 11 replies
Most investors opt for the skeleton versions that truly miss the mark and lead to convoluted amended and restated agreements that cost far more to correct than simply paying for the agreements to be drafted by a professional at the start.
Zac Gorski
Urgent | Closed on First Property | Transition and 60 Day Notice Advice
14 September 2024 | 14 replies
I don't see any way that this would be the case as there are no amendments or term changes at all from the initial lease to the renewed one.
Ali Farhat
Can someone guide me how to obtain license to convert basement into apartment?
11 September 2024 | 8 replies
If you can't add any more units "By Right" and you are Not within any of the ADU Pilot areas, then the only current option would be to hire a Zoning Attorney and try to obtain a "Zoning Map Amendment" where you would legally change the zoning designation for your specific lot in order to permit you to add another unit.
Timothy Fortin
Bonus Depreciation For STR Question
6 September 2024 | 11 replies
Also, before doing so ensure you can take full advantage of a cost segregation on a STR.You don't need to amend prior year returns to claim it.
Nathan Gesner
What Do You Think About "Good Cause" Evictions?
10 September 2024 | 43 replies
The moratoriumon evictions during the winter should be amended so that onlytenants who face job losses or other hardships are protected.
Victor Lavigne
Cost Segregation Study for Airbnb
4 September 2024 | 11 replies
This allows you to “catch up” on the depreciation in the current tax year.If you have not filed the last two years' worth of returns, you can amend them if that is easier.
Abraham Gebrezgiabhier
Lot split financing and impacts on existing mortgage:
5 September 2024 | 2 replies
If you split it they may want to amend to still include both parcels.
Mei Zhu
establish LLC after receiving an offer
1 September 2024 | 9 replies
BUT, you will need to amend the original offer in order to change the name of the buyer.
Ryan Gyllenband
HELOC in Texas on Investment Property
4 September 2024 | 39 replies
Since that time, state laws have been amended to allow for home equity loans, but the laws include strong protections for consumers.
Diana Jing
Rent To Retirement Review
7 September 2024 | 85 replies
You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-ez for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.