Doraine Warner
Know re: new fees from vrbo/homeaway? There's a facebook group
They have added a 6-9% fee to guests just recently, and it is bringing many owner's vacation rentals to a slowdown, or halt. Owners and guests are rather irate, and there is a facebook group of over 1000 owners. If yo...
Michael Plaks
Another hog slaughtered by the Tax Court - are you the next one?
You know that pigs gets fat while hogs get slaughtered. The Tax Court once again illustrated this cliché in its recent decision in the Harrison v. Commissioner case (T.C. Summary Opinion 2022-6).
Nicole Harrison was ...
Kody Broussard
Family Members Using IRA for My Syndicate
Hello BP,I am raising money for a multi-family deal and I am wanting to get some close family members involved such as my grandfather and dad. The syndication will more than likely consist of 10 investors. I have hear...
Account Closed
What to ask CPA in initial meeting?
Hello all,So my partner and I have a meeting with a local CPA coming up and I wanted some insight as to any specific questions we should ask. We formed our LLC this year and are set up to do business in two different ...
Warren Rosanoff
Zoning changes
I came across a listing for a 4 family house. The asking price was reasonable and the income sufficient enough to provide a decent cash flow. I was preparing to make an offer when I discovered that the city had passed...
Account Closed
In CA if I owner carry, what happens if the house is destroyed?
This is in California. I expect to come into some inheritance money in the next couple of years (it's in probate hell right now - if you want to get revenge on your relatives, leave a bunch of money and no will, and ...
Mau Pan
foreclosure winterized property
Hi.
I purchased foreclosure properly at court house steps. paid full and its in the process of getting distribution and deed. the property is winterized by bank
1) How soon can i get turn the water on?
2) How about ...
Carl Edwards
New Wholesaler Chicago market
Hi I'm Carl Edwards, I'm new to wholesaling. I'm in the Chicago market in the suburban area. Looking to meet more wholesalers!
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Business and tax structure for rehabs
Hello all,
Great forum here. I had a question for which I wanted all the experts' opinions...
For tax purposes (lowest tax possible), what is the best business structure (LLC, Corp, etc) for a rehabbing business? I am...
Michael Wolffs
Opening security deposit account for tenant with no SSN / TIN
This is a very specific question, but probably not all that uncommon a situation especially for LLs who specialize in student rental.I have a new tenant who's a foreign student. They're on an F1 visa, and I've confir...