
20 March 2018 | 8 replies
Based on “substance over form” principles, it ruled that the IRA did not really own Roth Inc for two main reasons:• The IRA’ were exposed to no significant risk; and• An independent person in the IRA’s shoes could not realistically have expected a benefit.Since the IRA did not really “own” Roth Inc, the income really belonged to the taxpayer – and putting that money into the IRA resulted in a taxable “excess contribution”.More specifically, the court held that a $500 investment, absent any other significant risk, does not give rise to any real risk for the IRA.

20 March 2018 | 2 replies
Also, they should be able to stay there (with minimal belongings) while the work is being done, do I need to compensate them at all for inconvienance, it will take about a week to rewire everything.

24 March 2018 | 14 replies
If they fall behind you can file a motion to life the stay. had this exact same thing happen to me late last yearI am told that the minute they are late with a payment now, the motion is filed and grantedthey are also required by the court to set up a repayment schedule, and are strictly held to that too. unfortunately, that schedule may be long.

22 March 2018 | 4 replies
If you are ready to drink from the firehose of real estate knowledge you found the right place.

13 April 2018 | 4 replies
I really need the "guy with a truck" using a DBA, but since I am looking to transition out of self managing and there was a possibility to develop a relationship, I sought bids from PMs.I used to belong to a REIA and for a few years got a lot of value, but management changed it got to very expensive and it seems most of the other investors went away, and was to the point where everyone in the room as trying to sell something (except me).

13 April 2018 | 7 replies
The ceilings were almost brown, the carpet was full of burn holes and drink stains next to his easy chair.
19 April 2018 | 5 replies
But I'm not sure about liability if people would be walking through my home to get to the roof deck, using my bathroom, drinking alcohol, etc.

9 December 2019 | 33 replies
If you are new to real estate please don't discuss any potential deals that you are looking at unless you have them under contract or know the people you are discussing it with.No cost except your own food/drinks.
19 April 2018 | 13 replies
Any agent who gets involved in this is a dumbass..An agent, who belonged to one of the MLS I do, was offering this type of arrangement up to investors on BP.

19 April 2018 | 4 replies
If the tenant signed a 12-month lease, the "last month's rent" belongs to the 11th month, not the 5th.