Wesley Hoover
1031 Exchange, Where can you put your gains?
21 April 2020 | 6 replies
They recognize the tax savings of the 1031 exchange.
Kevin Phu
Proposed: Landlord Relief Fund
19 April 2020 | 1 reply
The guidelines, which can also be found in the text here, are:i. a rent freeze;ii. just-cause evictions;iii. mandatory documentation with any just-cause eviction;iv. no source of income discrimination;v. coordination with local housing authorities to make new vacancies eligibleto voucher holders;vi. provision of 10 percent equity to tenants; and,vii. no admissions restrictions on the basis of:1. sexual identity or orientation,2. gender identity or expression,3. conviction or arrest record,4. credit history, or5. immigration status.viii.
Cary Hawkins
CAA vs CAR vs CalRHA
21 April 2020 | 3 replies
However, I did notice that they had a couple extra services you can add on to your membership (if you want, not required):I noticed the CAA forms, according to their website, are "recognized and recommended by the California State Bar and many regional courts".
Matthew Trinh
Special case: How to correctly file rental income tax?
13 May 2020 | 3 replies
At the end of the year, I have received a 1099 Form from the housing authority.
Parker Bayer
Operating Lease Treatment
20 April 2020 | 0 replies
Since it is an asset is there an additional depreciation expense recognized?
Adam Smith
Financing a major renovation in Dallas
28 April 2020 | 2 replies
it will be our primary (and only) residence and we'll rent while work is being done.Goals are: 1) be able to leverage homestead exemption (need to clarify with the taxing authority if it needs to be in our names); 2) finance as much as possible (taking advantage of current rates)- putting just enough down to avoid PMI and ensure that we still get the "best" rates (assuming 20%); 3) making sure we have as many financing options as possible (going back to titling- if it's the name of a partnership and not individuals, does that limit us).
Ann Crosby
Advanced Forex Trading
24 June 2020 | 2 replies
For example, I use for myself Tickmill ( this one: https://forex-up.com/broker-reviews/tickmill-review/ ), because it is regulated by the financial authority of United Kingdom (Financial Conduct Authority), so that its clients trading investments are under the firm protection.
James Pulli
Tenant called county code compliance on rental property.
20 April 2020 | 1 reply
The agent is asking that I sign a "Taxpayers Authorization for Release of Assessor's Information" so he can research permits more closely.
Steve S.
How much of a deposit can I keep? Section 8 catastrophe!
20 April 2020 | 8 replies
Here's what to do:-Document all the damage and get quotes-Send a letter to the Section 8 tenant stating they owe X amount over and above the security deposit - include the list of damages and the repair costs-Have the repairs done-Once the courts reopen sue the tenant (I've only ever sued in small claims though it sounds like you would not be able to get the full amount of damage in small claims as it's capped at $5000; so you can either sue at 5K or hire a lawyer, which is likely not worth it as lawyers are expensive)-In the event your friend takes the tenant to small claims and sues for $5000 and wins, you then go to the Housing Authority office and show them the proof (photos of the damage, contractor billing, supplies, etc.) so the tenant's voucher is frozen (it will be frozen until they pay you; of course there's a chance they won't pay you the 5K)-After a set amount of time (where I've done evictions it's 30 days) you go to the prothonotary's office (mine was located at the courthouse) and for a small fee you can get a lien against the tenant.
Andrew Sprague
New to REI in MA/RI looking for advice
23 April 2020 | 6 replies
We all fall into it at times and I believe the better we are at recognizing it, the better off we will be.