Michell Chase
Alot on information on offsetting W-2 income but not much on 1099-R income...
30 July 2024 | 8 replies
I am a retired federal employee, I receive a pension annuity and a specialty social security annuity, due to my profession, as I am not old enough to collect social security yet.
Nicholas Olson
Buying multifamily as primary
31 July 2024 | 9 replies
@Nicholas Olson So, let's understand your question, you're asking if you can STATE on a federal loan that you will be living in one of the units, but you then plan to rent out all the units and NOT live there at all?
Derek Morrison
Contractors and 1099s
30 July 2024 | 3 replies
Check State Requirements: In addition to federal requirements, check if your state has specific requirements for reporting payments to contractors.
Michael Plaks
GRAY area alert: deducting real estate education
30 July 2024 | 23 replies
Think of tax law as being it's own appendage on federal law.
Account Closed
What would you do? Potential renter with a felony.
1 August 2024 | 125 replies
no. many folks here are ignorant, self righteous and bubble hasnt popped yet. many here think its still ok to discriminate or try repunish. many my tenants are have been felons or misdemeanors. ...1. know many who are actually innocent only self righteous dumb sheep like government types ignore reality that 25% of all convictions are bogus. see innocence project as examples.2. if do full background check on all tenants.
Sara Acord
House Hack or Leave It Be
1 August 2024 | 10 replies
Turning the studio into a functional Airbnb (if its allowed by your HOA or local government rules) or long term rental to increase your income.
Mike Wells
Astonished at my tax services bill!
3 August 2024 | 28 replies
I received a preliminary estimates for $3625 to $4000 (just for preparing the return, federal and 2 states).
Dan McGrew
Prospective tenant says 3x income requirement is not legal
30 July 2024 | 18 replies
There's absolutely not any federal level housing law on this.
Ann Covey
What I need to know about an ASSUMABLE MORTGAGE!
31 July 2024 | 11 replies
Also, most loan assumptions are available only for government-insured/guaranteed loans (FHA, VA, etc.), so keep that in mind when shopping around.
Denise Evans
Judicial Foreclosure of Alabama tax lien (the new system)
3 August 2024 | 27 replies
Tax sales are a balancing act among (1) the need of government to collect property taxes and, if owners will not pay then, then to provide incentives for investors to purchase the tax rights and (2) investors, who need an attractive return for the risk they are taking, and (3) citizen taxpayers, who should not lose their property and all equity because of small debts and perhaps temporary or at least relatively short term financial difficulties.