George Kamerzan
Boundary and Land Dispute
25 January 2020 | 5 replies
I know that the fence has been up for more then 7 years so technically if the rules of hostile takeover apply the neighbors are right.
Pierre Luc leblond
Withholding Tax for Non-Resident
25 January 2020 | 6 replies
@Pierre Luc leblondForeign investors have to be mindful of ECI(Effectively Connected Income), FDAP(Fixed, Determinable, Annual, Periodic) and FIRPTA.There are also instances when foreign investors need to apply for an EIN and file a US tax return.You may also want to understand the tax treaty between the US and the country you are from.You should understand the above implications before investing in the US.
Jeff Piscioniere
Structuring a partnership investment using a 401(k) loan
8 February 2020 | 15 replies
The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).Please keep in mind the multiple loan rules:Under those rules, the sum of the balances of a participant's outstanding 401k loans under a single 401k plan (using the highest outstanding balance of each loan over the last 12 months) can't exceed 50% or $50,000 whichever is less.
Nick Smith
Need some beginner advice
24 January 2020 | 4 replies
Hi Nick,Where will you do your residency and for how long is a question you should factor into this personal home buying decision.You have 2 years left in Fort Lauderdale and then residency training.A comfortable strategy that I have seen others apply is, in residency (as soon as financially possible) move up in comfort in life to a nice upscale large multi-family (in a great neighborhood) with all the amenities.
Malik R.
How to combine multiple-adults' background checks
24 January 2020 | 1 reply
With multiple adults in a household, each person applies with their background check run individually and some screening companies provide a general assessment of whether a person has a high probability of success as a renter.
Dwight Porter
Please help me analyze this Duplex Deal
13 February 2020 | 17 replies
Then you can apply the rest of your VA to the next property.
Brandon Sowers
The Future of Security Deposits
27 January 2020 | 13 replies
This can end up costing a new tenant over $3k to move into one of our properties if the "standard" 1 months rent security deposits applies.
Lindsey Clark
Avoiding capital gains 2/5 rule
24 January 2020 | 3 replies
Does the 2/5 rule still apply?
IB Singh
Tenant want's to back out of the lease agreement
24 January 2020 | 9 replies
I have people pay a NON-REFUNDABLE Reservation fee (1/2 month rent) that is applied to the first month's rent when they pay the rest of the move in funds (all deposits and a full month's rent) and sign the lease for me to hold a place for up to 14 days.
Brennan Davis
How to finance your down payment
4 February 2020 | 11 replies
But she did say, I could apply For a business loan and structure an LLC to get around having to pay that down payment out of pocket and use investor cash.