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1 April 2020 | 6 replies
There is no harm in providing as much information as you can to support your position on the value of the deal.
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10 April 2020 | 7 replies
Additionally, since the current economic problems cause by COVID-19 are expected to produce lower income in 2020 than in 2019, the law provides that a taxpayer can elect to use the 2019 Adjusted Taxable Income in place of 2020.BONUS DEPRECIATION FOR QUALIFIED IMPROVEMENT PROPERTY (QIP)The CARES Act cures a legislative error under the TCJA and provides that the costs for Qualified Improvement Property are eligible for bonus depreciation.
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29 March 2020 | 0 replies
Documentation for non-rent payments and making sure to have information that the COVID-19 pandemic has directly caused tenants ability to pay will be hard, but extremely important.
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31 March 2020 | 19 replies
I fix things, do upgrades and do my best to bring new tenants into the building who will follow the rules and not cause disruption to the other tenants.We've all noticed recently the media (in general as well as social media) seems to enjoy giving attention to the bad landlords (mainly the harsh letters some landlords are mailing to tenants) and that certainly isn't productive however the media/social media often tends to enjoy broadcasting negativity.
16 June 2020 | 9 replies
I get it - government offices are closed and that causes delays (despite some government employees working from home - my dad's dealing with that nonsense now - people giving us damn fax numbers instead of phone numbers - ugh) though throwing a quarter-of-a-year extension out there is too extreme.
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30 March 2020 | 1 reply
Selling the land could trigger a clause in the mortgage causing the seller to have pay the full mortgage (due upon sale clause I think?).
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30 March 2020 | 13 replies
I have already been paying my private lender since August.The new buyers were all set to close on Tuesday and the lender asked for proof of employment from the buyers which is causing a problem since the wife is currently home unemployed due to the virus but will go back to work once day cares can start again.
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10 April 2020 | 4 replies
(This is just a suggestion, handle both cases as you wish)Don't offer to pay for problems you didn't cause or are at fault for.
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7 April 2020 | 6 replies
I ended up buying a house I had never set foot in, and was so confident in his ability to spot the cause of some damage that looked worse than it was, that I was able to beat a bunch of other cash offers by removing the inspection contingency.
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9 April 2020 | 43 replies
Cause i am investing a lot and I’ll receive very less every month?