Frank S.
TFC Shortsale Relocation Costs for Seller
Hi, I placed a bid on a shortsale. The mortgage is by TFC. My agent told me this bank does not give a dime for relocation. I feel bad for the seller for she was expecting $10,000 to move out. Well, I also feel ba...
Giuseppe Rosellini
Can you change the name on the title of a home without penalties?
A family member wanted to change the title of ownership on a home in CA without penalties in order to sell the home and move. As far as I know there are penalties that come with this, any advice? for context, the pers...
Evan R.
3 day notice in Ohio
If rent is due on the 1st and I post a 3 day eviction notice on the 2nd, do I have to accept the rent if they try to pay within the 3 days? The property is in Ohio.
I cant find an answer anywhere.
Lisa Liberski
Setting up C Corp with IRA funds? Experience with Guidant Financial?
Looking to possibly set up a C Corp and have our IRA buy shares so that we would have available capital for fix and flip opportunities. Does anyone have this arrangement set up or had in the past that can give me advi...
John Stanley
avoiding capital gains tax on foreign property
I'm a US citizen living in Germany, where I am buying rental property. The law here is that if the property is sold after >10 years' ownership, there is no tax on the capital gains. However, I would have to declare...
Steve Der
Renting Out Property in San Francisco
Hi everyone. I am thinking about renting out my property in SF . I understand it is illegal to rent out an illegal inlaw. But what if the house has only an illegal full bath?
Trevor Rutherford
Tenant signed one year lease and is Breaking in 6 months
Tenant signed a one year lease and breaking it in 6 months. Says her son was suppose to move in with her but never showed up. According to what she put on her Rental app. She seems to be able to afford it herself, b...
Peter Maguire
Possible issues with paying Property Taxes late?
I'm in the final stages of a Flip project in Chicago (~3 weeks to completion) and the Property Taxes are due on March 1st. I'm close to maxed out on the rehab budget, and the $1900 for the 1st Instalment of Property T...
Dmitriy Fomichenko
Drawing salary from S-corporation
Looking for some feedback from tax experts. I'm asking this on behalf of a client. Client and a partner own an S-corporation. Client told me that they never took a salary from the corporation and simply take dividend ...
Josh Boyd
Borrow from IRA for BRRR repairs?
Rookie investor here.
Is it true that I can borrow from my IRA for the brrr strategy if the funds are being used for repairs? If so, what are the pitfalls? Thank you.