Rich Thoms
Told to scrap investing
22 April 2017 | 27 replies
Hang on guys, before y'all go saying find a new agent and get that guy off your team, let's take a step back and think this through ... this is a RE agent, and sounds like a long time friend, telling the OP to NOT buy anything for a year at least ... the agent has negative incentive for giving this advice, so I'd say it is safe to say that it is sincere and not biased by financial incentive.
Account Closed
Eviction cases turns sour, need help
31 March 2017 | 4 replies
This needs to be deleted BUT saved with the OP name & location removed so we can use it as a Section 8 case study of how not to violate HUD laws or get hustled.Lawd......
Ashish Brar
$150K Cash Available to Invest
14 April 2017 | 36 replies
Let's assume someone has $150k cash to invest like the OP suggested that he has.
Account Closed
PM asking for money.....
4 May 2021 | 48 replies
Many, myself included, have advised the OP to ask for detailed clarification on how this debt was created and what the PM did to avoid its creation.
Kevin Durham
Can private school be a business expense?
24 August 2017 | 11 replies
I also encouraged them to submit the bills to their insurance company, but this was in the Bad Ol Days prior to the ACA and the kid had already reached lifetime maximums for other treatment he'd had in the past.Here's hoping the OP is not in the same situation, as the tax deduction is not worth the heartache and emotional toll all of this took on the family.
Joshua Gordon
Tenant Is Offering Full Year Rent In Advance
4 November 2019 | 43 replies
@Natalie Kolodij OP quoted,” I intend to use immediate profits to purchase a new property.”He also has this whole year in write offs to offset rents as well.
Tony Nguyen
Fannie Mae Auction Property Flip Restriction
19 June 2011 | 12 replies
It's not the title companies that have a problem with it, it's the lenders.This is incorrect.In the case of the OP, the seller of the property put a deed restriction on the property restricting its resale to ANYONE (cash or otherwise) above a certain price for 90 days.The deed restriction encumbers the property, so the buyer (again, cash or not) will not be able to get title insurance during that 90 day period.The only way you'd be able to sell if if your buyer doesn't care about title insurance or if the title company screws up.All that said, there are additional restrictions that may be introduced by the buyer's lender AS WELL...and selling to a cash buyer will limit these restrictions...
Mack Fleming
Real Estate "Dealers", Installment Sales, Deferred Taxes, and the IRS
15 June 2017 | 16 replies
Not that this helps the OP, but the IRS has a completely different outlook with used cars.Because the used car lots with the "buy here, pay here" business model were able to effectively demonstrate that their industry has a very high rate of default, they were able to effectively crumble one of the 4 pillars of revenue recognition - "the certainty of collection".Basically, they said that their customers have demonstrated that there is no certainty of collection, so the IRS allows them the installment method of revenue recognition on their sales.The 4 pillars of revenue recognition are:1.
Adrian M
Selling: 1031 vs. Personal Residence
28 July 2013 | 18 replies
Bill, the OP didn't say anything about "exchanging into the property".
Casey Mericle
Experienced Investors Only Regarding IRS Tax Liens
24 September 2013 | 6 replies
Battlefield is a bedroom community of Springfield, the OP is local.