Account Closed
1099 or receipt from contractor
If I pay a contractor for work performed should he give me a receipt or do I 1099 him? He uses his own tools and I give no training or anything. Thanks
Erik Kubec
1099 on self directed IRA for a contractor?
I really thought with a bit of love from Google, I could find an answer to this... but I didn't.
In 2012 I created a self direct IRA (no LLC) and had it purchase one condo all in cash. I hired a contractor to do abo...
Yoni Meth
1099s for handyman work
Hi,
I'm searching for a Handyman, and when I sent a message to a handyman saying I'm a real estate investor looking for a handyman he replied "I don't do commercial work... i.e. no 1099s".
Can anyone explain more ab...
Maxim K.
Tenant demanding before paying rent
Hello group , can I get an advice . My tenant sent me this text message this morning :“I'm not speaking on Chris's behalf but I will not pay rent until things are fixed in the house they have been on going issues for ...
Jovanny Roque
Fannie Mae Commission for Realtor/Investor purchase
Hi All,Has anyone had any experience with purchasing a Fannie Mae/Homepath property as a realtor and having commission paid at closing?Thanks in advance.
Kuriakos Mellos
First ever perpetually late paying tenant - help/ideas
Hi BP community!After hitting a very solid stretch of on time payments across my portfolio over the last 3 years, I’ve run into an issue with one of my LTRs where I have a tenant who now pays late every month. I’m no...
Steve S.
Hiring friends to do work on rentals and taxes
What happens if you don't 1099 them?If it's under $600 for the year, it's not required right?Can I still expense it or does that create some issue?Same question for the people you pay to mow the lawn. I've asked them...
Josh Meadows
Travel Nurse Friendly Lending Options
Hi,
My wife and I are currently shopping the market for a primary residence that we could add value to and then later cash out refinance as well as finding a lender to help us accomplish this. I have run into DTI iss...
Brock Bonnicksen
Tenant clogged sewer 3x in 3 months
I have an issue with a tenant repetitively clogging the sewer, and requiring a plumber to unclog each time. The first two times I hired the plumber and covered the costs. The plumber believes it is an issue with use -...
Ricardo Olmedo
Rent Collection in Milwaukee Wi
Is there an issue collecting rents in Milwaukee Wi? I live in California and can't manage them myself. I have a couple of multifamily properties in Milwaukee, and I am not receiving consistent income. I will have one ...