Chris Seveney
Transferring Properties out of LLC Question
27 December 2024 | 3 replies
We use Chase, and they have checked that our LLCs are registered and current on filings.
Tori Roy
Unscrupulous Private Lenders and outright SCAM ARTISTS!!
23 December 2024 | 12 replies
Love to know. couple things NV is one state were NMLS registration and state license are required to be a lender on any rehabs on 1 to 4 units.. that's number one.. you check with the statealso I would file a complaint with the state of NV mortgage enforcement division right away if this guy is not legit he will be shut done and fined.
Samuel Kim
Real estate professional status 750 hours doable?
31 January 2025 | 27 replies
all are new constructions and I don't know how she is gonna be able to find 750h of work to do in these new construction houses.Any help appreciated Good questions, first the IRS requirements to meet Real Estate Professional Status (REPS) are: > 50 percent of his/her time working in real property businesses; AND, 750 hours of service during the year ANDAt least %5 ownerIf married filing jointly, one spouse must meet 750 hour requirement on their own.
Nicholas Foy
Any experience with landlord insurance after property is burglarized and vandalized
27 December 2024 | 3 replies
- We had 2 break-in & furnace & HWH thefts there this year:(File a claim ASAP, you'll need:1) Utility bills to prove electric & gas were on2) A police report, proving a break-in3) Pics/video to prove the condition of the property to support theft claimWhat are you doing to mitigate additional damages?
Dmitriy Fomichenko
How to supercharge your Roth IRA or Roth 401k
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.
Kevin Oh
Shopping around for better rates
18 December 2024 | 12 replies
Look at all the differences in both rate and terms but most important in my opinion is their track record in customer service and meeting deadlines and closing.
Apurv Asthana
Need advice on landlord insurance
27 December 2024 | 6 replies
@Apurv Asthana I usually keep high deductibles and low premiums on all my policies since I wouldn't file a claim unless absolutely necessary...usually I can get things repair at good pricing.
Jake Baker
My BRRRR Horror Story! What could I have done differently?
26 December 2024 | 18 replies
When I filed a claim, my insurance company denied it because the property was under rehab and not rented.
Matt Wan
Getting a mortgage as a non-resident US citizen
23 December 2024 | 15 replies
Being abroad adds risk to your file and terms will be effected in some way or another.
Marcus Welson
1031 deadline confirmation by QI/CPA & 1031 CPA recommendations
4 December 2024 | 2 replies
I'll have to try and find a CPA that will address the deadline.