Kate Friedrick
Need a CPA... But where do I start!?
17 April 2019 | 28 replies
I am finally accepting the fact that I need to file for an extension and work with a CPA.
Bill McCoy
tax consequences of "short sale" on private note?
13 April 2019 | 2 replies
If you had capital gains on other investments you could offset those gains with this loss (depending on the amount)My recommendation is to file an extension and have a CPA do your taxes since I am not an expert in this
Mark Forest
Qualified Business Income
14 April 2019 | 9 replies
New property bought is always a loss if not rented whole year.I filed my own taxes extension - to get numbers in the order.Just to not hate IRS, file an extension and pay taxes till Monday you think you owe.When accountants get back to their normal, find a CPA and start filing taxes as a breeze.
John Thomson
How can I estimate demand in a rental market?
15 April 2019 | 8 replies
The other two need more extensive rehab but could be put in rentable condition.
Nik Moushon
Tax strategies for rentals
17 April 2019 | 47 replies
Almost everything with a statutory deadline of April 15th that hasn't been filed at this point is on extension.
Ashish Acharya
Last day to extend your tax returns.
16 April 2019 | 3 replies
If you have not already, there are three ways to get an extension: E-file extension for free e-file their extension form for free.By paying an estimate of their income tax due and indicate that the payment is for an extension using Direct Pay, the Electronic Federal Tax Payment System (EFTPS), or a credit or debit card.
Brian Ellis
Drex Tanner
How do you vet out good wholesale companies?
4 October 2019 | 7 replies
A good wholesaler has an extensive buyers list that probably buys everything they send out, so there is no need to keep collecting emails.
Cameron Riley
Tenant Late on Rent - How Do you handle This Situation?
23 April 2019 | 27 replies
Occasionally someone asks for an extension with late fees and we will agree if we feel the tenant can be trusted, provided they stick to their agreement.
William Thorn
I’m under contract and just found out the seller is being sued.
17 April 2019 | 8 replies
I too would get an extension on the escrow and my contingencies and hold off on inspection until you have green light.If the seller is getting sued and it is moving forward there is a good chance of him filing BK.If the property is directly involved that suing party may file a lis pendens and could tie you up.What are your damages if seller can not perform, you can file a lis pendens and ties it up on your end.Get title info if you can and seek counsel of attorney or be ready too.Can you close before all this pans out, maybe and if title is clear and you cover your bases might be something to consider.Or might be advisable to let it go and save yourself the headache but that is dependent on the deal itselfKeep us posted