Jeff S.
Instructions Form 1099-misc
Talked to my accountant today and he suggested I send 1099's. He said it is unclear what the repeal is all about. So, I went to the IRS to get forms and the lady at the counter said I am a trade or business and need t...
Dave Godfrey
What gets reported as income on a Seller Finance de
Hi everyone!On a seller finance deal, what does the seller report as income? Is it upon the sale of a property... or is it on a Cash basis, that is, only when cash is actually received?For example:Purchase Price: $1...
Daniel Howard
New Owner of Duplex in Los Angeles - HAVE QUESTIONS!
Hi Investor, I am a new Landlord/Homeowner in Los Angeles and have purchased property that is rent controlled. Fortunate for me, I received the property vacant and have received EXCELLENT rent from my occupied unit. I...
Steve Sprowls
RealtyShares and 2018 K-1s
For those that have investments with RealtyShares, has anyone received their 2018 K-1s yet?We were told early in the year that they would be delayed past the April 15th filing deadline, but it’s the end of May and I h...
Bukola B.
CERA Approval - for rental in Detroit back in March...
is anyone else awaiting CERA payment for a property Detroit? I received an Approval Notice in March' 23 for my property, tenant and I had applied for CERA on 6/1/22. I also proactively filed for eviction knowing that...
Sam C.
New BP Member, Questions and Some Venting!
Started my real estate investing journey less than a year ago, and really enjoying it. Currently have 5 rentals. One rental is under a large PM company and the other 4 with a smaller PM. In one single family rental, w...
Alicia Campbell
Self Directed IRA- Hire a non disqualified business
Good afternoon, Can a self directed IRA hire an organization for services owned by a non disqualified person, who in turns hires a disqualified person? i.e. Can I hire a business who sub contracts with my son, if my ...
Sarah Brown
Hubzu deal fell through - Grrr!!!
I'd like to vent about Hubzu. I'll keep this short and sweet. Recently I was the top bidder and the reserve was met. I received my email stating that I should receive their contract within a week. I did a happy dance....
Jeff Takle
Why are taxes so ridiculously difficult?
Just a very short rant here, but I can't help myself. Just finished my taxes and it came to 136 printed pages! That is absolutely NO exaggeration. That's a book. Uncle Sam is requiring his citizens to write a book f...
Nick Vafa
Tax Lien Foreclosure Beginning, P Street NW Washington D.C
Investment Info:
Single-family residence other investment in Washington.
Purchase price: $29,965
Cash invested: $92,965
At the annual District of Columbia tax sale, I picked up two liens this summer....