Allen Fogderude
high debt to income ratio financing
30 January 2020 | 6 replies
You could do 2019 taxes per their standards and if you and your accountant see's fit possibly amend 2018.
Sreeni Guntupalli
Tenant rent check returned in GA
30 January 2020 | 12 replies
If your lease conflates the two, you need to amend your lease ASAP.
Kennith Osborne
Up coming law to benefit investers in Tennessee SB1429
26 January 2020 | 0 replies
All the HOAs are trying to stop a bill that would prevent them from enacting rules against rental properties.Tennessee bill SB1429 amendment: http://www.capitol.tn.gov/Bill...If this passes you would no longer have to worry about removing tenets because of an HOA and losing an investment property.
AG Gupt
License requirements for investors?
29 January 2020 | 2 replies
Here in my home state of Illinois, the statehouse passed SB1872 just this year, which amends the Illinois Real Estate License Act to require brokers licenses for wholesale transactions.
Veronica B.
Obtaining a mortgage without paystubs as income verification
25 February 2020 | 2 replies
The rate and points are more than Fannie or Freddie, but you're still able to put 25% down and you won't have to wait or amend your taxes.Best of luckStephanie
Gina Nicolas
All my casflow is going toward utilities
27 February 2020 | 10 replies
@Gina Nicolas You can check your state laws to see if you can amend your lease to include utilities.
Grant Thompson
Commercial Lending for Syndications
4 March 2020 | 8 replies
This % may simply vary, and may require you amending your current operating agreement/bylaws (Shares ledger).
Jack Zhuang
Over paid in Tax return, what should I do?
5 March 2020 | 8 replies
You need to file an amended tax return for 2019 - Form 1040X.
Matt Bailey
Best self-directed 401K/IRA - who do you recommend?
7 March 2020 | 3 replies
You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-ez for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.
Zocky Zhang
Sold my house profit tax reporting
1 March 2020 | 12 replies
The utilities and so forth that you paid reduce your rental income but aren't part of the basis of the property. ie, they don't impact the sale price profit of the property.You probably should find a CPA that can help you sort all this out as it seems like you may need to file some amended returns to cover the period since you bought the property.