Brice Hall
Land Contract Tax Consequences for Sellers and how to 1031 Exchg
Hoping a CPA or another person can provide some insight and definitive answers when it comes to land contracts, and tax consequences when selling real estate on land contract. Also, if an asset is held for under a yea...
Cody F.
Is it illegal to remind tenants of the consequences of eviction?
I'm facing some evictions coming up, but I would like to avoid them if they would just pay their rent and be respectful. I'd like to send out a letter to these tenants reminding them of the consequences of evictions,...
Chad Coleman
Tax consequences of transfer a house to LLC and rent it
I have lived in a house for 4 years and moved recently to a different house. Was thinking to transfer the old house to and LLC and rent it out. I think since I have lived in the house for full 4 years, there will be n...
Jimmy Chim
Renting out rooms in primary residence - Depreciation and capital tax consequence?
I just bought a single family home. My intent was to live in it and rent out a couple of rooms and then sell the property in 2 years in order to take advantage of the $250k capital tax exemption. My understanding of t...
Joseph Scorese
How will Rent Control Impact the Real Estate Investor
Rent control can have significant implications for real estate investors, both positive and negative, depending on the specifics of the rent control laws and the investor's strategy. Here’s a detailed breakdown of how...
Sunny C.
W-9 forms from Tenants
We missed getting our tenants filled up W-9 forms during the rental application in NJ. Now we need them for getting a Landlord tenant account.
What are the consequences if Tenants do not fill the form? How this will ...
John Lee
Swapping house process
I and my sisters want to swap tittle of our property with each other in Florida. What is the process to doing so, assuming both house is equal in value? is there any cost or tax consequences?
Garret Mai
Texas Lease Contract - TAR vs. Self Generated
I am working to put a lease contract in place with some new tenants at my rental property. I am curious as to what legally voiding consequences, if any, may be present by me using a TAR contract. Since I am not a real...
Julian Sanchez
Real estate lesson of the day:
All this time in this business and can't believe nobody at any seminar, meetup or event has shared this. in summary:
• Hired roofer did a bad job after paying him close to 30k
• City inspector PASSED and APPROVED th...
Nick B.
COVID-19 IRA withdrawal
Hello BP,I am considering withdrawing money from my IRA pursuant to CARES Act. According to the Act, one has to qualify to be eligible. Besides the obvious qualifiers such as being infected by the virus or losing a jo...