Eugene Cheng
Combine Home Sale Gain Exclusion with 1031 Exchange
20 January 2020 | 8 replies
Normally this boot would be taxable but since you qualify for the 121 exemption your accountant files the appropriate form with your tax return and that $500K is tax free.Meanwhile the remainder of the gain ($300K ish) and all depreciation recapture go into the 1031.
Tsoi Anisoquilli
Tenant personal property damaged thru landlord negligence
22 January 2020 | 11 replies
You might be able to file a complaint with the city for safety violations, but I would ask the landlord to fix it first.Again, my advice is to first come current with rent.
Robert Sadra
first time creating an LLC would like advice
24 January 2020 | 2 replies
Filing with the state is easy, and you can absolutely do it yourself if you don't need anything special.
Angelo Mayorga
I own 4 properties should I file for an LLC?
20 January 2020 | 2 replies
Like the title says I own 4 properties most of them are under 100k value, and I rent them all out. I recently started investing in real estate and I have been learning as I go. I read that it is a good idea to have pr...
Yin Wu
My Private Mortgage Lender doesn't send me the payoff statement
23 January 2020 | 3 replies
, so nothing involving refinancing out of a private mortgage is included.TLDR here is the form that the private lender is being asked to fill out (if I really wanted to google around, I'd find the one from fanniemae.com, which this isn't, but it'll be close to the same if not identical) --> https://help.jmaclending.com/hc/files/11272354/12124295/1/1548800976976/Verification+of+Mortgage+Rent+%28VOR+VOM%29.pdfThe other 99% of the time, the existing mortgage appears on your credit report, and/or it's a big institution that's servicing it, between those two things and computers you never end up needing that old fashioned form.
Anthony Vargas
Flippers Insurance? Any suggestions?
8 April 2022 | 6 replies
Have you had to file a claim against Arcana?
T Lee
Taxes for Solo K investing in MF syndication
23 January 2020 | 12 replies
Sometimes they recommend an "ERISA" full blown 401(k) for the added benefit of stronger bankruptcy protections.
Shel D.
Buying a property in AZ with no leases, is it a bad idea?
7 February 2020 | 7 replies
It's a big portion of your owners' manual.https://housing.az.gov/sites/default/files/documents/files/Landlord-Tenant-Act-ADOH-Publication-July-2018_0.pdf33-1375(B) The landlord or the tenant may terminate a month-to-month tenancy by a written notice givento the other at least thirty days prior to the periodic rental date specified in the noticeIf they cannot produce valid leases, then they are month-to-month tenants.
Laura Tabarez
Tax Lien Investment in Alabama
6 February 2020 | 27 replies
I was wondering if you knew what happens to a tax lien if the owner filed bankruptcy.
Hunter McCook
Need some beginners advice
12 March 2020 | 25 replies
@Kenneth Mooney not much of an accountant I’ve always filed my taxes through TurboTax.