Eli Rods
Does a K1 loss negatively affect my personal mortgage
I am a GP investor in a syndication and received my K1 for the syndication for last year amounting to -$150k. I have recently applied for a primary home mortgage and the lender’s having a hard time overlooking this ne...
Alex Gabb
tricks to Lowering taxes on high acreage land, farm land?
Hi everyone. I'm looking at some properties in New Jersey, and some have 5 acres. More land = higher taxes right? But what if I did what I could to legitimize it as a farm property, even though it's not. Would there ...
Raquel Baranow
IRS is Auditing My Real Estate Business
My business is buying vacant land, cheap through tax lien foreclosure and then selling it. I own 125-vacant lots. Business is BAD, I haven't made a profit in years. I was holding some of the lots for investment but th...
Pavel Sakurets
Angry landlords sent this to MN governor about eviction moratoriu
To Tim Waltz, MN governor
POSTED ON JULY 15, 2020 BY REALESTATEADMIN
7/13/20 you extended eviction moratorium. Are you out of your mind?
Perhaps you are thinking that this extension would help tenants that lost the...
Zac P.
Investor needs help here!
Please help me and offer your advice!
Over the last 2 years I have bought 4 rental properties and they have done great cash flowing. Between my property management salary, rental income and other business inc...
Lemont Williams
How do I show I've been paying room rent at girlfriends house ???
How would I show proof I've been renting a room out at my girlfriends house for office space can I just have her get them receipt papers from the office store and just write receipts like that. How would I do it if I'...
Chris Stratton
Mitigating tax exposure - out of state mortgage notes
Hello Bigger Pocket's people. A local agent suggested this forum and I can see it is a wonderful community. Thanks for letting me participate.We moved to SWFlorida over a year ago from PA. There, prior to moving, we h...
Ben Leybovich
Wow - Obamacare just keeps on giving
Here's a guru I'd rather not buy from, but sorta don't have much of a choice. Anybody out there regret voting for this thing?Unreal stuff...
Kajal Aggarwal
DD on Renter
Hi All,We have a prospective tenant who says they are self-employed but don't have any tax returns for the past 3 years. They have not filed a tax return since their CPA died (Reason they gave me for not paying taxes)...
Jose Cabanero
Red Flag(s)?
Hi everyone, I have a prospective tenant looking to rent one of my larger units (3bd/2ba 1386 sqft for $3500/mo) in Connecticut. I'm asking for the usual...-Background check-Credit Report-References-Proof of incomeWha...