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26 May 2021 | 4 replies
@Derrick WilliamsThe extension form to extend the federal individual income tax return is Form 4868.The thing is that the extension form gives you more time to file but not more time to pay.If there was any tax due, you would have to pay it in with the extension.If you have a state tax return obligation(maybe you invest in another state) you want to see if that state requires a separate extension.If you are in Houston, I would consider reaching out to @Michael Plaks with your tax needs.good luck!
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20 May 2021 | 24 replies
To my knowledge, FHA ( Federal Housing Authority) only does owner-occupied property, not rental/investment property and you need a 650 score and 2 years tax return ( we call it tax return instead of tax record over here)
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7 April 2021 | 42 replies
With due respect to the responders...I do not care if you own 20 or 10 properties under an S corp or another business entity....my question was more for a small landlord like me with 1-2 properties and I am not setup under an LLC.Is there a way to get a PPP loan or some sort of federal assistance for small landlords who are struggling because the deadbeat tenants are getting the checks but not paying their rent.
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18 February 2021 | 27 replies
The lender, the Federal Savings Bank, was TERRIBLE.
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18 January 2021 | 9 replies
It's actually a federal requirement because you are operating a business so to speak.
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6 January 2021 | 109 replies
I'm from your neck of the woods (or government planted trees) ;)I would say something more realistic in our area would be a duplex with 2bd/1ba for a C/B class area and an average C- class building rating.
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6 January 2021 | 5 replies
Governments will make decisions on what to do regarding COVID mortgage deferments & evictions.Long-term investment: Undeveloped land prices are continuing to rise in places like WV, WY, and MO.Speculative play: Buy Ethereum (ETH) on the dips.Parking spot for cash: Tezos (XTZ).
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26 December 2020 | 2 replies
This isn't a protected class federally but it sometimes is at the state or local level.If they do have such a law, you have to take a Section 8 voucher (conversely, if that law exists, people in your area couldn't do what I do, which is ONLY take Section 8 tenants).
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15 November 2021 | 6 replies
My stance on it is that the government surely will change the rules at some point and that if you can contribute Roth or convert to Roth at a "reasonable" tax rate, that it's probably better to do that now.
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21 October 2020 | 7 replies
I’m only paying federal and state income tax on these withdraws and I’m not required to pay it back.