Michael McLoughlin
PPR Note Fund
5 December 2024 | 87 replies
@James Mc Ree I got mine worked out and happy to report their accountant got right back to me.
Chris Seveney
Getting A Deed In Lieu at closing to store away
27 December 2024 | 20 replies
YUP I can see lenders just recording the DIl.. the few times I have done that I get title insurance on the dil transfer to make sure I am not taking title to something nasty and or if something comes up in the prelim title report we know we have to move to full foreclosure ..
Alberto Freites
The Miami Market is Overrated?
27 December 2024 | 66 replies
San Diego’s average house hold income is about what you stated, but the median is a surprisingly low (considering US news and world report lists it as the most expensive US city) ~$100k.
Katharina Bormann
General non-responsiveness from tenants in adhering to agreement
10 December 2024 | 9 replies
But, you can charge them back if the pest control report indicates they are the cause.
Seth Roland
Advice on Getting a Lender/Financing
9 December 2024 | 24 replies
Most of my income is reinvested back into the business, which means my reported income is relatively low due to write-offs.2.
Thomas Lebens
Can a rookie use a DSCR loan for a duplex?
15 December 2024 | 18 replies
The rates are higher and points +++ plus prepay for a commercial loan or hard money loan.Loans closed in America are reported and stats are available as to who closed, how many, loan officer, dollar amount, loan type, location and more detail.
Rachael K.
Legal to move into my 1031 exchange- Safe Harbor clarification- capital gains
5 December 2024 | 13 replies
Your reporting on your federal return shows whatever recognized gain is recognized.
Dennis Knapp
has anyone used BFS Financial Solutions?
5 December 2024 | 5 replies
If you want to do people a favor you can get their offer(s) in writing and then when they try some bait and switch on you - report them to the state and national licensing boards.
Daniel Amsalem
House Hack in Alexandria as Airbnb MTR
23 November 2024 | 1 reply
Apparently the seller's title search didn't reveal a lien (ours did) which wiped out more than 80% of their remaining equity. - Expect rehab costs to exceed initial estimates (maybe double)!
Justin Lee
W9 to 1099 for independent contracts
7 December 2024 | 7 replies
I wouldn't worry too much about it, if you have a competent CPA or bookkeeper they should be able to review your books and within minutes have a strong grasp on who gets a 1099 (spoiler alert, not every contractor gets one, I'll be annoyed if I get one since I'm structured as an S corporation) and the amounts to report.1099 filings are usually a loss leader for us, so if you're working with a professional make sure you take advantage of them filing everything for you.