Andrew Taylor
Tax Implications of Balloon Payment?
We sold a property last year and are carrying the note. Buyer has been making monthly payments and is due to make the balloon payment in a few months. I'm wondering what the tax implications are for both the payments ...
Marcus Welson
Seller Closing Costs Review and Options
Background:Miami-Dade Condo property.I am a first-time seller.No mortgages or loans on my property.Standard Florida Realtors Association / Florida Bar AS IS Purchase Contract.Buyer in default on various provisions and...
Don Konipol
Five Unique Ways I’ve Seen People Make Money In Real Estate
Five Unique Ways I’ve Seen People Make Money In Real Estate
1. Water Utility - 44 years ago when I was a relatively new real estate broker, a gentleman contacted me to see if we could help sell a small water utility ...
Andy Wayne
Legal Status
Hi Everyone,
I just closed on my second property of the year. And I was wondering for the people with multiple rentals, how do you have them structures from a legal standpoint? Right now, the properties are just in m...
Adrian Clapp
Trump bans evictions through the end of 2020
Individuals making less than $99k and couples making less than $198k in 2020 can’t be evicted In 2020 per Trump and the CDC
Article
Adrian Brown
Single Member LLC with both spouses
I understand that me and my wife can both be on our Texas LLC, and we can still file as a Single Member LLC so that we have a disregarded entity from a tax perspective, but we still have the liability protection. In f...
Jj Yip
Can my tenant sue me with the following reasons? She moved out 6 months ago.
My ex-tenet who moved out *7 months ago* texted me today and demand for a partial refund of her total rental payment (80%) she made for 2 years within 30 days or she will get a lawyer and sue me. #1 She mentioned that...
Geri May
LLC, needing help with best options. Need to decide ASAP.
Purchasing a condo in Tennessee, but we live in another state, do you recommend getting a LLC in Tennessee or our home state? We've heard getting one in Nevada or Delaware may be best. What are your thoughts, need to ...
Account Closed
1031 extension due to hurricane
For my 1031 exchange, I am purchasing a new construction rental in Florida and it will not be completed by my original deadline. I have been told I should qualify for a hurricane extension. I live in Minnesota and my ...
Tara Austin
Wholesaling
Hello all,
I'm new to wholesaling and have been reading tons of post pertaining to wholesaling and have a question. I have been driving around to find potential property to wholesale and found a few. One in particular...