Kendra Rodwell
Looking for HML or PML in the MD area
26 February 2018 | 39 replies
You need to file suit in circuit court, pay filing fees, post bond, file notices and affidavits with the court, obtain an order ratifying the sale, every sale is audited, issues concerning surplus are dealt with by the court, etc.
Andrea W.
Sell lot OR build???
10 February 2017 | 6 replies
Sure, life happens and I don't suspect that the authorities will be auditing you if you leave in six months...
Chris T.
Quick Case Study/Questions for First Rental Purchase
10 February 2015 | 5 replies
I'm also told mixing professional and personal funds can be very painful for you to wade through if you ever get audited.4) The cash tracking and tax purposes of the LLC need to be handled by a professional, but an LLC has pass-through taxation which means you will absorb the tax burden of the LLC.
Luke Carl
If it's a "Vacation Home" can I AirBnb??
10 January 2017 | 13 replies
To clarify my OP, any lender can randomly select a property and do an audit.
Brad T.
Property Management Fees 12 Unit Apartment
1 February 2019 | 14 replies
I'd go with a quality PM too that has no problem being audited.
Christopher Ajayi
IRA/LLC or Checkbook IRA
27 May 2021 | 22 replies
Check with your cpa and tax accountant for the details and if they would support and defend such a position upon audit.
N/A N/A
How does everyone deal with 1099 of income to the homeowner.
22 January 2007 | 4 replies
Failure to report can result in extra interest and penalties...In my experience, the majority of folks who qualify for a preforeclosure short sale AND report and treat the income resulting from forgiven debt find the 'income' is fully or substantially exempt from tax.But, if an audit later reveals failure to report... the issue becomes more complicated than if it were addressed early on.
Jasmine Chen
Is there legal way I can give some money to the shortsale seller?
4 February 2010 | 7 replies
Deals are audited from time to time, which can include a review of transactions.
Andrew Glenn
Section 8 Tenants - Pros/Cons/Opinions?
23 September 2016 | 12 replies
.= appreciate your work more...if let's say their voucher is for $1,500, please consider this also includes utilities allocation so your actual total pay may be $1,300. bonus points for a lot of insulation in the walls and attic+-crawl space. my local HA has some discounts available with local vendors for energy audit and property insulation/green stuff. you harden your property by going to nice and abuse-resistent: check your local competition and go one level above. kitchens and bathroom sells the property. also go directly to the heart of the head/ lady of the house!!!
Alex Cuevas
First time flipper from Massachusetts
28 August 2015 | 22 replies
@Alex Cuevas Welcome.should be an interesting meeting next Tuesday Free Energy Audits to help you determine upgrades, correcting your worst Landlord mistakes and picking up the pieces from Dave Lindahl's Multi Family & Ultimate Partnering 7 Bootcamps