Liz Lynn
LLC Property Questions
Not sure if this is the right category, but I would like some input. I have an LLC from my pet care business that I recently closed. The accounts are empty yet still open and the LLC is still in good standing, so cou...
Ben S.
How to generate additional income from my 10 unit property?
I have a property in southern Maryland with 10 single family homes (around 950 sqft each, most 3/1) on 5 acres. It's my own little community as its in a pretty rural area. The homes are roughly in a circle with a smal...
Gp G.
pest control wildlife control plan
Hi All,Is it a good idea to set up pest control wildlife control (for rats, rodents, squirrels etc.) plans at rental property for those professionals to check periodically for any activities or issues. What are best p...
Timothy W.
Healthcare - Dropping the public option
I read a report that the Whitehouse is considering dropping pursuit of the "public option" health insurance in an effort to get the healthcare reform passed....to which I said uhhhh what? The way this was presented, ...
Julie Groth
New Home Builders, do you build custom?
I'm writing a series of articles (I'm a former remodeling contractor (20 yrs) who didn't build new). Wondering if you could help me out? How do you feel about change orders? Why?Do you have a fair amount of them? So, ...
Tyler Prosser
Combining Section 121 and 1031
Hello,
My parents have a primary residence purchased for $45k. Recent comps in their neighborhood are in the $1 million range. Even with a exclusion of gain under Section 121 (MFJ: $500k), they are looking at over $...
Lance Lvovsky
Tax Summary of Coronavirus Relief (CARES ACT)
On Friday, March 27, the President signed the massive $2 trillion coronavirus Stimulus Bill (the Coronavirus Aid, Relief and Economic Security [CARES] Act) to provide assistance to workplaces and employees. The law pr...
Justin Shepherd
401k Withdrawal to start RE investing
Hey everyone! I am new to real estate investing and wanted to run something by you. I am not set on it, but have considered making a 401k withdrawal to start investing in real estate. I own my house currently, but hes...
Blake Rumley
CARES Act 401k distribution to fund REI?
Has anyone used the new CARES act guidelines for 401k withdrawal? It’s my understanding if you qualify, the money withdrawn counts as taxable income but can be paid over the next 3 tax years and no 10% early withdraw...
Eric Johnson
Weird Wholesale Question
I just received a weird request from one of my sellers. My seller is currently receiving Medicare. I just received a call from one of my buyers who's willing to buy the house. However, my seller asked if the purcha...