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10 May 2024 | 7 replies
Apparently 95% of new multifamily construction is rentals now rather than condos due to arbitrary regulations by federal mortgage agencies and how those get intertwined with contractor defect laws https://www.minnpost.com/cityscape/2014/02/where-have-all-co..."
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11 May 2024 | 10 replies
There are lots of rules governing the specifics of this process.Tenant refuses to sign a new lease under reasonable termsIf the housing provider is non-renewing the lase (no fault evicting) for one of the above listed valid legal reasons, the landlord must provide the tenant with a 90-day notice, and it must be specific in why they are non-renewing and which valid reason applies.The above information is just some of the new requirements laid out in this 23 page bill.
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14 May 2024 | 201 replies
They rush me but I have to follow state/federal laws and company rules it can’t be rushed!
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9 May 2024 | 8 replies
Just has an extra step for the MM fund.If there are Treasuries involved, is the interest exempt from state and federal taxes?
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10 May 2024 | 6 replies
However, it's crucial to ensure that any repayment arrangement complies with IRS regulations governing self-directed retirement accounts.
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10 May 2024 | 15 replies
In general, rental related real estate, is considered a passive activity.That means, that passive losses, are not eligible to offset income such as wages, interest, dividends,etc.However, I would still argue that real estate is great from a tax perseptive, making $270,000 you are likely in the 30%+ tax bracket when you factor in Federal and state taxes.Rental income, which is normally shielded by depreciation, will not be subject to the 30% tax as would interest and dividends.Best of luck.
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9 May 2024 | 5 replies
But, there are some things you can do: First, review your associations Covenants or governing documents.
10 May 2024 | 17 replies
When we're getting into the weeds here, @Keith Consiglio, the real question we're untimely asking is "If a state or federal auditor looked at what I did, would this cause any headaches for me?"
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9 May 2024 | 11 replies
Flood Insurance is a Federal Program.
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9 May 2024 | 12 replies
This experience underscores the importance of thorough due diligence when buying condos.Additionally, it's crucial to be aware of state laws governing condo ownership.