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27 December 2024 | 18 replies
Here is how the Roth conversion works: you can convert anytime between January 1st and December 31, and you will receive a 1099R from your IRA custodian or 401k plan administrator before January 31st of the following year, which will be included in your tax return filing and that is when the taxes will be paid: at the time you file your tax return.
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27 December 2024 | 34 replies
.- Good luck getting them to pay their portion for the duration of their lease- Be careful including utilities in the rent as they then won't care about a running toilet resulting in a $500 water bill.- S8 tenants don['t want to pay application fees- S8 tenants cry broke about paying security deposits- S8 tenants in the program for 10+ years claim ignoreance on filling out their paperwork because they've learned a desperate landlord will do it for them.If you want a S8 tenant, you MUST advertise on www.AffordableHousing.com
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26 December 2024 | 18 replies
If you're not open to that, I would hold on to the place long-term or sell the property at land value not including the yurts, hot tubs, etc.
20 December 2024 | 3 replies
You need to research/know the rules, laws and regulations (including HOA if applicable), like you'd do in any US city.
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26 December 2024 | 9 replies
Positive SolutionsProblem: In my county small multi-family houses are nearly non-existent and short-term rentals and second-cooking-areas are illegal.Solution: House-hack while renting MTR to traveling medical professionalsProblem: I didn’t know the many laws of the countySolution: A hired attorney 1) informed me that the county calls a house-hack a boardinghouse and 2) drafted a very comprehensive agreement that includes answers to your list of questions.Problem: Interpersonal problems can be a risk.
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22 December 2024 | 21 replies
If it is helpful at all this website www.engelvoelkersnovascotia.com has all the listings in NS including sold ones and gives great market insight on ALL properties in Nova Scotia.
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18 December 2024 | 1 reply
I don't include non paying Tenants because I like a small slice of positivity in my life and prefer to think I did our screening well enough that all our Tenants are paying.Cheers!
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19 December 2024 | 13 replies
True, Republicans in 2025 will control the White House and both chambers of Congress.You can easily Google how the legislative process works or just trust my Cliff Note: having a simple majority usually does NOT assure that Congress passes any bill, including tax bills.
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20 December 2024 | 13 replies
Originally posted by @Tony Vicente:I'm looking at a home that's zoned "R8", contains a single family home that I'd like to convert to multi-family.R8 includes both single family and multi-family.
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30 December 2024 | 103 replies
By the time he was 16, he had a half dozen part time employees and ads in paper to do various handyman stuff including hanging Christmas decorations, assembling ikea furniture, gardening, painting, building fences, etC.Then came the demon child.