Anja Wright
NY Holdover Tenants Won't leave. I'm an owner occupying landlord.
26 February 2021 | 61 replies
File for possession.
Frank Nguyen
Can I turn off gas service non paying tenant?
23 October 2020 | 13 replies
File a Small Claims Court Complaint - don't evict due to the moratorium - but do sue.
Shelby Bybee
Best way to sell or gift a property to a family member
24 October 2020 | 7 replies
More than likely, he just needs to document the gift in his tax filing, and as long his total gifts are under the threshold, he'll pay no taxes on it (nor will you - until you sell it).Another option to explore besides gifting: you and he could set up a seller financed deal, where you pay him a small amount each month/year, which would keep his taxable income lower than if he accepted a lump sum payment.Double-check the above w/a CPA.
Scott Stevens
Should I file complaints on this selling agent/Realtor?
20 October 2020 | 9 replies
Once the contract has closed and you are all done, I would consider filing an ethics complaint with the State to put this agent on notice that they can't behave like that.
Franco Epifania
Rental LLC vs umbrella insurance ?
23 October 2020 | 10 replies
And, you won't really know if you messed up your corporate veil until somebody files a lawsuit against you.That's my layman's understanding of the situation.
Zach P.
FICA TAX Question (EMPLOYEE and EMPLOYER/EMPLOYEE SIDE BUSINESS)
20 October 2020 | 16 replies
So just just do whatever your State/municipality requires to register a sole proprietor, file for the EIN, then you should be able to get your solo 401k.Make any sense?
Justin R.
Did BP Eliminate Section for Sharing Files?
20 October 2020 | 3 replies
There was a section on BP for sharing PDF files and spreadsheets.
Marvin Z.
Dealing with a non-paying homeowner
20 October 2020 | 5 replies
First off, @Nathan G. is right on, second HOA liens "usually" have priority over most other forms of creditors, so I suspect you will want to file one.
Felix Stone
LLC rental account or personal rental acct for general expenses
21 October 2020 | 4 replies
You can use an entity structure to somewhat reduce the likelihood of an audit but even that can fail to prevent your file from being pulled.Generally speaking, your audit probability goes up as you make more money and file a Schedule C.
Artem Shum
90 Days Challenge. Day 43 Please help me to analyze this property
20 October 2020 | 0 replies
This deal is located in NW Indiana numbers are roughly estimated, I am planning to buy my first rental property with FHA loan, live there for one year, then move out and rent it out, Screen shot and Link to the file are attached below.