Palmira Angelova
Old house - how much to budget for major repairs + maintenance?
6 November 2020 | 18 replies
Have you looked at the file share portion of the site?
Michael LoCicero
Aspiring Landlord looking for some advice.
21 October 2020 | 4 replies
It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors: https://www.biggerpockets.com/files 8.Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsGood luck investing.
Todd Ashley
Looking for an Accountant (OR and NY)
15 October 2020 | 6 replies
Feel free to work with the one you feel most comfortable with.When you work with your accountant - you will want him/her to review the last couple of tax returns you filed since you did them yourself to determine if there was any errors/rooms for improvement.Owning more properties and in multiple states does add to the complexity of your tax return.
Seth Hochberg
Best Way to Pull My Money From Retirement Accounts
26 October 2020 | 19 replies
The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).Please keep in mind the multiple loan rules:Under those rules, the sum of the balances of a participant's outstanding 401k loans under a single 401k plan (using the highest outstanding balance of each loan over the last 12 months) can't exceed 50% or $50,000 whichever is less.
Yi-Shan Hsieh
Marriage and 1031 Exchange
20 October 2020 | 4 replies
But here's the deal, if you and your husband file a joint tax return then for IRS federal 1031 purposes you are both the owner also regardless of who's name is on the deed.
Jessica Walker
Starting the journey
15 October 2020 | 4 replies
It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors: https://www.biggerpockets.com/files 8.Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsGood luck investing.
Timothy B.
Buying first rental cash, who's name to put title in?
16 October 2020 | 3 replies
File jointly.
Lindsay Mills-Pimental
Squatter in vacant home that holds a fraudulent lease
24 October 2020 | 13 replies
You may need to file a report of fraud with the local police department.
Tony Wilcox
What goes into an insurance score?
16 October 2020 | 1 reply
The more claims you file the more it impacts your score.