Andrew Katz
What year do I count income for?
15 January 2025 | 9 replies
Best way is to consult with a tax advisor to ensure compliance with IRS guidelines.
Maria Jeanette
Renter Profile - Assisted housing program - good or red flags?
3 January 2025 | 4 replies
.- Inspections: Some programs require annual property inspections to ensure compliance with their standards, which can occasionally be demanding.- Damage Risk: As with any tenant, there’s potential for property damage.
Michael Nguyen
Due on sales clause...Has anyone experienced this?
31 December 2024 | 2 replies
BUT I have also heard that it could trigger a due on sales clause, bringing the note fully due at any moment.
Timothy Parish
Solo 401k IRA
2 January 2025 | 2 replies
Selling the property within your Solo 401(k) and returning the proceeds to the account simplifies compliance and ensures tax-deferred growth (or tax-free in a Roth Solo 401(k.)).
Chris Summons
Contracts for Sub Contractors to Sign
14 January 2025 | 4 replies
SignaturesThis Agreement is binding upon the parties and their successors.Contractor Signature:[Printed Name] [Date]Subcontractor Signature:[Printed Name] [Date]AttachmentsScope of Work document.Project drawings/plans.Proof of insurance and licenses.Payment schedule.Note: This template is for informational purposes only and should be reviewed by a legal professional to ensure compliance with local laws and regulations.
John Malone
Are you aware of the new Corporate Transparency Act Coming in 2024 (every LLC)
31 December 2024 | 22 replies
$500 per day penalty up to $10,000 and up to 2 years in prison for willful evasion per entityNo cap on the amount of entity penaltiesCheck with your CPA, Tax Advisor or attorney on this as it is a freight train of compliance coming!
Sung Yu
1031 fourplex into a single family
17 January 2025 | 4 replies
However, to my understanding, a 1031 conversion of an investment property to your primary residence after a safe harbor of two years does not trigger a tax event.
Account Closed
Due On Sale Being Called!!
13 January 2025 | 41 replies
A few months go by and unbeknownst to me the escrow account had now drawn negative which triggers the lender to no longer apply what’s considered a “partial” payment to them, given that I’m now paying less that what’s due given the escrow increase required but not relayed to me even though I expected it at some point.Last month I’m on Zillow looking at the value of my properties.
Tanner King
Analyzing a House Hack (First time buyer)
6 January 2025 | 13 replies
Don't over think this, pull the trigger actions create results.
Matt Agnew
Using funds from an SDIRA for real estate purchases
16 January 2025 | 6 replies
So brainstorm the different options then pull the trigger!