Kee Wilder
Owner wants to redeem tax lien
I received a certified letter for verification of Allowable expenses by tax sale purchaser from Jefferson County AL. I bought a tax lien property earlier this year from someone who purchased a house at an auction. I'v...
Mark Allen
Tenant never transfered utility in his name
Renting out an apartment in California. A tenant moved in 2 years ago and I have recently come to find out he never tranfered the electricity into his name. Its in the lease that power and gas are tenants responsibili...
Karisa M.
CAM Charge and Management Fees
Commercial property management company charges 5% of monthly gross income as its fee, which includes CAM income. The tenant's lease is NNN and property management fees are considered a CAM charge. If the tenant is pay...
Jim Shaw
Discussion Topic for other Landlords **weather damages**
Fellow landlords I had a unique situation last week and wanted some opinions.
I had a CO issue (I'm close to an expert now if anyone needs advice) and my tenants called the local utility company. They allowed...
Charles D. Smith
Evaluating Your Next Commercial Real Estate Retail Investment
Commercial real estate properties have great potential to generate significant returns for investors. However, different types of commercial real estate, or ‘real estate assets,’ have their own unique sets of risks an...
Michael Coe
Is Mileage expense/deduction claimed on 1065 or 1040?
Hello, I procrastinated and now I beg the community for help. My wife and I formed a partnership LLC this year and bought our first property. I have filed the 1065 and did not include mileage expenses in the 1065 sin...
Michael Tan
Confusion on HML Rehab Funding - What value am I getting?
Hey everyone! So I’m finding myself unable to wrap my head around a certain aspect of Hard Money Lending as I go through my first deal.I’m currently using an online HML provider, LimaOne, and received “Fix n’ Flip” fu...
Bienes Raices
Do I need to expense this cost for the LLC, or leave it alone?
The portable alarm (lasershield) that I use is billed to my personal credit card. The alarm was in a house that I own in an LLC for a few months while the house was vacant.
In order to avoid co-mingling, do I need t...
Robert D.
tax deed - cook county IL
I have a questions regarding the process. Lets say that I bid on the outstanding tax and I am successful in doing so, meaning I bid close to 0% and I won, lets say the outstanding tax amount was $150 (tax for parki...
Larry Flanagan
Fringe benefits to reduce income taxes
I got a $65,000 income tax bill today. Is there any way my business can provide me with some deductible fringe benefits like a company car, health club membership, life insurance, etc?