John Sampson
Self filing taxes for small property management company
Hello, let me start by admitting I know I should have had an accountant do my taxes! I have a single member LLC for a property management company. The company collects all rents, so I have 1099 MISC from several agen...
John Hixon
IRA Investments
For along time now I have been putting money into my Roth IRA every year. I was wondering if it would be better to take what money I would put into an IRA and just add that to the money I invest in real estate. The ...
Joshua Davies
International Tax Attorney/CPA
Are there any tax attorneys/CPA’s on BP with international experience?
I am setting up an LLC for rental property investing with 2 partners from the UK. I am under the impression that the LLC must withhold 35% as it...
Tess Vismale
SHORT SALE TAX IMPLICATIONS
I have just enlisted The Short Sale Service, to assist me in a short sale for my rental. The tenant's boyfriend wants to purchase the property. The plan is to simultaneously do the short sale and sell the property to ...
David Miller
Taxes on Capital Gains, special case
Hello BPers! The deal: 1. You have a paid off mortgage on an investment property intended to be an inhertance.2. There are 2 family members on the deed.3. One family member is retired and shows less than 35000 per ye...
Scott Miller
Freddie Mac Changes You Need To Know About...
Here are some changes that come down last week:
-Implemented a premium for all mortgages over 80% and below a score of 740. Now you will pay a minimum of 30 basis points more for those you used to think had prestine ...
Uzair Syed
1031: Rent to Child, then give in Inheritance to that child?
Hi,
I've read prior posts about permissibility of renting a 1031 exchange property to family members (as long as it is fair market rent and well-documented).
Is it permissible for the parents to leave the property i...
Bobby Kolev
Commercial lease below market price - pros and cons
Hi everyone, looking for your thoughts on a subject I am sure many small retail landlord are pondering one form or another.I consider allowing a tenant in on a month-to-month basis from April til December at 50% norma...
Chad Duval
Q-Tips Everywhere!
Ok, so I've never seen this before, but every time I show up to one of properties, I see Q-tips all of the yard/driveway. It's the most bizarre thing! Has anyone seen this craziness before???
Monish Naidu
Renewing a lease and doing an Inspection
Hey everyone,I'm coming up on my first year as a property manager. With the new year rolling around, I'm planning on running an inspection of the property. My family and i goofed our first year and didn't take much pi...