Don Spafford
Ever worked with Peter Sturnialo with NGS Business Opportunities?
20 August 2024 | 10 replies
You e definitely put my mind to ease.
Laura Yazdi
Need Advice on a MTR in Los Angeles.
20 August 2024 | 11 replies
My e-commerce shops have all tanked.
Gustavo Alvarez
DSCR Loan Prepayment Penalties
20 August 2024 | 40 replies
i'll just add to what others have said - it's negotiable. but I would consider if the juice is worth the squeeze. i just had this conversation with a client looking to borrow $100k.
AJ Wong
Why large Investment Property HELOC's are hard to qualify for and what to do instead
18 August 2024 | 3 replies
Quote from @German E.: @AJ Wong thank you for a nice overview of the DSCR option, I didn't realize rates were so low for this option.
Jonathan Joyce
Payoff HELOAN used to buy rentals?
19 August 2024 | 7 replies
Quote from @German E.: Congrats @Jonathan Joyce for a killer 2.25% mortgage rate on your primary residence - I would definitely not touch it.
Gp G.
corporate tax act information filing
17 August 2024 | 2 replies
Since you're in Atlanta, you’ll need to file both federal and Georgia state corporate taxes.Deadlines:Federal: Typically due by April 15 (if your fiscal year ends in December).Georgia State: Usually aligns with the federal deadline.Penalties:Federal: Late filing can result in a 5% penalty per month on unpaid taxes, up to 25%.State: Georgia also charges penalties and interest for late filings and payments.Filing Options:Federal: You can file using the IRS e-file system or tax software like TurboTax Business.Georgia State: You can file online at the Georgia Department of Revenue’s website.If you’re pressed for time, file for an extension to avoid penalties!
Michael Morrongiello
What Happens when a REVERSE Mortgage is MAXED OUT to the owners occupancy?
18 August 2024 | 4 replies
Yes if she has MAXED out the Reverse Mortgage Loan Advances and the property value is < LESS than what she owes (primarily due to poor upkeep and ongoing maintenance) - she gets NO More MOOLA $$ from the lender but then they may have trouble getting their loaned MOOLA E$$ back in the future IF or WHEN that time comes for her to go to that great BIG escrow in the sky.
Bryce Kennebeck
Creating a property management company to service my own property and I have question
17 August 2024 | 20 replies
The rental profits from your own property will be schedule E (lower tax), the profits from your property management company will be schedule C (higher tax).
Peter Mckernan
AB 1033 ADU in California Thoughts
18 August 2024 | 9 replies
Quote from @German E.: Hi all, following up on AB 1033, there was a lot of interest on this law at the end of 2023 but it's been crickets since then.
Cooper B.
Clarification on Right of Redemption in Alabama
20 August 2024 | 50 replies
(e) When any debtor or mortgagor conveys his interest in property subject to a mortgage prior to sale wherein they are released from liability for the debt, his right of redemption under this article is terminated.