Bari Gaymon
Cost of furnishing A midterm rental?
20 July 2023 | 23 replies
Wall decor from Hobby Lobby (sale prices all the time).
Mindy Jensen
Analyzing Deals: How Can We Help?
1 December 2020 | 90 replies
(I will talk to city development and other officials to find any more such revitalization plans are there for future).
Melanie Stephens
Biggest Mistakes/Lessons Learned: Short-Term Rentals
8 December 2021 | 123 replies
And as much as it blows following the money will often times identify trends like large corporations with millions in lobbying dollars (like the hotel/hospitality industry) trying to stronger arm municipalities and politicians into imposing silly regulations on small time investors.
Brie Schmidt
It has been 8 months since I left my job and.....
25 August 2015 | 221 replies
We officially launched a few weeks ago and are working on building site traffic and adding new features.
Joey Fontenot III
Land Trusts
7 October 2011 | 25 replies
Land trusts are only officially recognized as "LAND" trusts in something like 4 states.
Bienes Raices
Warranty deed--need to use an attorney?
7 August 2012 | 30 replies
For example, in Ohio (see R.C. 5301.01):To be valid, a DEED must be:i) signed by the grantor;ii) the grantor must acknowledge the signature before an official (a judge, a clerk of court, a county auditor, a county engineer, a mayor, or a notary public)iii) the official shall certify the acknowledgement and sign a certificate of acknowledgementNote - a properly signed (but not recorded) deed is a valid transfer of real property - HOWEVER, without recording, there is little protection against 3rd party claims against the property - (I've seen cases where people sold the same piece of land to different buyers!)
Fern Jard
Tax issues in Hard Money Lending
15 May 2021 | 31 replies
Here is the official IRS position: Interest received on notes receivable that you have accepted in the ordinary course of business is business income.
Matthew Wyn
First failed rent payment from tenant. Now what?
11 January 2016 | 25 replies
I officially have my first "failed" rent payment from a tenant.I use an online payment system where tenant's automatically pay rent and have verified their bank accounts through that site.I've had this tenant/roommate a few months now.This tenant's rent payment was processing via ACH transfer on the payment site a few days, then the payment failed.I'm really floored.
Cooper B.
How to report profits from a flip with a partner
12 December 2014 | 13 replies
I just finished CPA testing (I'm a couple weeks away from being officially licensed) and I can tell you that if he were my client, there is no way I'd report his flip on Schedule D.
Account Closed
Discrimination law in Michigan being amended
11 December 2014 | 1 reply
Known as the Religious Freedom and Restoration Act, the HB 5958 is modeled after the Supreme Court's decision in the the Hobby Lobby ruling and a federal law signed by Bill Clinton.