Craig J.
Looking for some blank forms
2 April 2020 | 3 replies
I just wanted to have my own copies in file just in case.
Sachin Maskey
Multi family offer accepted and closing next week
2 April 2020 | 4 replies
I would ask the current owner for the tenant files i.e. what did they use to qualify the tenant....look at where they are employed.
David Dietzel
Advice on tenant rent
2 April 2020 | 4 replies
Given the pattern that existed long before covid, I am planning on filing for eviction (I realize it will not happen for a while but want to get it filed to get her out as soon as evictions open up again).
David M. Hagley, Jr.
Deal Analysis References
3 April 2020 | 6 replies
There is a comprehensive spreadsheet for cap ex by @ sam tato in the files section.
Jaysson Brooks
CARES ACT: Penalty Free $100K Loan from 401K?
22 April 2020 | 9 replies
@Jaysson Brooks@Chris LevarekHere are the details regarding the loans:NEW LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.On or before September 23, 2020, such individuals take a 401k participant loan subject to the following terms:Maximum Amount of the Loan: 100% of their 401k balance not to exceed $100,000.
Dave Meyer
BPInsights 'Beta' Launch for Pro & Premium Members
13 November 2020 | 52 replies
I noticed that I am unable to use the filters in the Excel file without opening an unprotected version and by opening an unprotected version I lose all the data.
Dennis Day
Gun Use on Rental Property
2 April 2020 | 7 replies
And then, if your tenant is arrested and has charges placed on him, then you file eviction if it violates a section of your lease.
John Hyre
Wholesaling in retirement accounts not legit
2 April 2020 | 3 replies
First off, I think the Tax Court would view such a transaction as “running one’s personal services (here brokerage services, aka putting buy & seller together for a fee) through a Roth”, treat the profit on the “assignment of the contract” as personal services (which they are), treat the money in the Roth as an excess contribution, and penalize the taxpayer for failure to file the excise tax return (Form 5329) & failure to pay the tax thereon.
Renata Shoimer
Tenants who can pay but won't
2 April 2020 | 2 replies
I advised them to file for unemployment and resume payments ASAP.
Mikhail Abbott
Look for advice on forming an LLC
20 April 2020 | 12 replies
Further, you will want guidance on potential TX filing requirements as well.