Mergim Kacija
HOA fined me $12,000 for allegedly short-term renting my condo (Chicago)
Hello BP Community,I've been accused of short-term renting my unit (which I have not) and was fined $12,000. Furthermore, the building's bylaws have a 25% rental cap, and my unit is NOT approved, yet I informed them t...
Ryan O.
S-Corp Reasonable Salary
I understand as a shareholder of an S-Corp you are supposed to pay yourself a reasonable salary for work performed on behalf of the business. You cannot pay distributions until you first pay yourself a salary.
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Austin Hughes
Am I a Jerk for Asking Buyers to do this?
I had a closing that was set to happen tomorrow. Everything was ready, but the buyers didn't have their ducks in a row, and closing will be extended 7-12 days.I told my realtor to ask if they can cover my extra holdin...
Kennith Osborne
Buying Vacation Rentals in Gatlinburg
I am considering buying my first rental property in the Gatlinburg area.
I am hoping to get a property management company to stay hands off so I can continue working full time and hopefully be able to purchase a sec...
Ana Marie B.
Interesting Anti-Landlord Ordinance Approved in Seattle
Curious what others think of this new pro-renter ordinance approved in Seattle. Would this make you think twice before investing in Seattle RE?In a nutshell, this ordinance aims to ban "discrimination by landlords a...
Jon Q.
Middle Class: Chips Are Stacked Against You
If you are middle class in America and you depend on W2 income for a living, the chips are stacked against you.1. Why are Americans who work for a living taxed more than investors who live off of their investments?2. ...
Erik Sherburne
How leveraged are you?
Curious out there what people use as a general rule for how leveraged they are. How comfortable you are with debt. Do you have 401K loans? Would you cash out a Roth IRA? Do you use HELOCs off your primary? For...
Bob Collett
hostile rental owner environment
Hi AllA few weeks ago, the owner of a property I manage received a "ticket" from the city of Cleveland because the tenant did not properly place the trash basket out in front of the house. The city sent a "ticket" fo...
James Johnson
"Owner" doesnt own rental
Ive been staying in this house for over 18 months. Recently did a search and found the taxes (up til 2 years ago) was paid for by a finance company, then they quit paying them. I tried to find info on this company to ...
Kizzy Brooks
Auction.com???
Hello,
I'm new to BP and was just wanting to get some opinions.... Have any of you ever used auction.com to purchase foreclosures? I see postings from them it seems like everywhere and I just want to know...