Pablo Simmonds
Baltimore City Ejectment Lawyer
26 December 2020 | 11 replies
If they are truly squatters they you file a "Wrongful Detainer" action.
Joseph Niedermeyer
Managing debt for optimal investing
7 February 2020 | 2 replies
@Joseph NiedermeyerI'm by no means a seasoned investor, but as someone who owns multiple properties/multiple mortgages I've found that lenders are more interested in downpayment % and positive revenue from owned-properties in annual tax filings, more so than credit score.
Cameron Calvert
Should I buy this as my 1st investment property?
10 February 2020 | 22 replies
You've voiced some of the same questions that I have. 1) You're right.
AP Horvath
1031 from CA to TX, how to do?
4 February 2020 | 7 replies
A lot of folks are comfortable with anything more than a year because that represents two tax years and two tax filings.
Manco Snead
Form 1099-MISC from Property Manager?
4 February 2020 | 3 replies
I of course plan to continue writing off expenses, reporting income as I always have and filing as I always have.
Gina Nicolas
Difficult inherited tenant
25 February 2020 | 16 replies
Require that she file a police report if she wants to say its vandalism.
Joyce Jackson
Mortgage interest & PROPERTY TXS PD YTD no longer matter? T/F?
17 February 2020 | 7 replies
Recently filed...
Yengkong Sayaovong
401k to purchase investment homes
6 February 2020 | 2 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.
Michael Nevarez
IN NEED OF A LOAN TO PAY PERMIT CITATIONS AND PERMIT COSTS
6 February 2020 | 7 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.
Chris Smith
Splitting a parcel out of the mortgage
7 February 2020 | 3 replies
The county has said they can be split back for a filing fee because they were grandfathered in.Question is, once I get to the last R in the BRRRR strategy.