Sandro Hagenbuch
Foreign Gift Tax in New York?
Hi all,My wife and I are looking into buying our first home and have the following question for New York City (where we currently reside) / Jersey City, NJ (where the property is located) :- I understand that it depen...
Owen Mitchell
Can a file for Non-Income Tax?
Hi BP Family just wanted to know if I haven’t done a deal yet, so I have no income but I have a LLC and I’ve spent money for my business on stuff like tools, material for my office, the BP books, my mileage Driving fo...
Pam Smith
Schedule E - filing as non-passive income
Hi all-I was reading one of the blog posts on the Short Term Shop blog about Schedule E vs C, passive vs non-passive. In the blog, they reference, "According to Treasury regulations, vacation rental owners who rent th...
Joe Splitrock
IRS Plans to Double in Size - What That Means for Investors
More tax news out of Washington. The administration announced doubling the size of the IRS over ten years. This reverses the trend during the last administration of reducing IRS staff and scaling back the number of au...
Denise Evans
Alabama Lawsuits: Online Filing and Monitoring for Non-Lawyers
This advice is for Alabama only. Other states might have similar services, though.Many people ask me how they can monitor what is going on with eviction or other lawsuits being handled by their attorneys. Others want...
Thomas Higgins
Multifamily non-conforming use with no variance on file
Hi BP community!
We are in contract to purchase a distressed 5-unit property in Columbus, Ohio. During our due diligence process, we discovered the property has no building Certificate of occupancy, variance, or any ...
Ed Brady
File eviction and send non renewal of lease also?
Hi BP Land,I have an inherited, month to month tenant that I am filing eviction on for non payment of rent. Would it cause problems if I also sent a notice of lease non renewal? In Ohio you have to give at least 30 ...
Annabelle Lee
What happens if Filing for Non-Payment and Tenant Disappears
As of right now, the tenant hasn't pay the most recent month's rent.Reading through past posts, there seems to be two ways to deal with tenants for non-payments.Option 1) Serve N4 and then L1Option 2) Fill for L9 to c...
Cameron Lee Brown
Need advice on filing K-1 for non-state resident
I am a Tennessee resident and have invested in a syndication of a multifamily property located in North Carolina as a limited partner. The LLC that bought the property is incorporated in Arizona. I received an Arizona...
Viral Mehta
Seller backing out of a signed contract in Texas
I signed a purchase agreement for my first investment property in Texas - the original closing date was early April. I paid my earnest money on time and have my loan ready to go. However, it turns out that the seller'...