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Results (10,000+)
Account Closed Cares Act withdraw 100K
13 July 2020 | 7 replies
The IRS recently provided guidance regarding eligibility under the CARES Act and specified that a qualified individual includes an individual who has a reduction in pay (or self-employment income) due to COVID-19.Distributions:If so, you can take a penalty-free distribution (as well as waive the 20% withholding requirement) from your 401k (assuming that the employer allows it) anytime between 1/1/2020 and 12/31/2020.
Ricardo Peterson Real Estate Investing in CA v.s. cheaper hometown
22 May 2020 | 23 replies
In my case, I have parents who live in an area with median home prices around ~250K (Phoenix Valley in AZ), which is far more manageable.
Aaron Fletcher Trying to get creative with my financing with my first project
20 May 2020 | 2 replies
I was able to speak to the owners son who is in charge of all the parents finances since they are in their 80s.
Tim Mason Multifamily Syndication Accountant/Bookkeeper
19 May 2020 | 4 replies
if you do - foreign withholding may be required.Are you dealing with investors who prefer composite filings?
Nick Rutkowski An article seen from a landlord’s POV
2 June 2020 | 16 replies
Some people will argue, "Well, it's your parents' own damned fault for not screening tenants properly."
Angelo Aguirre Military tenant receiving BAH doesn't pay rent (pre-covid)
12 December 2021 | 14 replies
The CO said they cannot withhold his BAH payments but they can "strongly encourage" to the service member to get caught up on their rent.
Stan C. Property tax strike? How to deal with lost rent due to quarantine
25 May 2020 | 21 replies
Withholding taxes due is not leverage, it's stupidity.
Devon Foster 401k early withdraw to purchase a property for 20k (cash deal)
20 May 2020 | 2 replies
Keep in mind that in order to take a distribution under the CARES Act you must have been impacted by the virus in one of the enumerated ways.If so, you can take a penalty-free distribution (as well as waive the 20% withholding requirement) from your 401k (assuming that the employer allows it) anytime between 1/1/2020 and 12/31/2020.
Ted Lo Landlord issues with people staying over due to covid19
21 May 2020 | 14 replies
Originally posted by @Anna Sagatelova:@Ted Lo I'm not following how having to work from home forced you to vacate your apartment and move with your family.I just decided myself to work at my family home to be with my parents for the time being. 
Michael Glaser SBA EIDL Loan Terms | Is It Worth It For $25K+?
11 June 2020 | 56 replies
I’m sure giving “prior written permission” for every business with an EIDL means it would take god knows how long to refinance or sell anything, or in my case, move money between LLCs since it was my parent LLC that got the EIDL but it’s my subsidiary LLCs that own the properties that have sustained the economic injury.