Brendan August
CARES Act 401k Loans
Hey everybody, I was just wondering if anybody has made use of the the CARES Act to withdraw money penalty free from their retirement accounts? I understand that you still have to pay taxes on the amount but you can s...
Javier Perez
Suing A Tenant for unpaid rent
Hi all,
Hope everyone is holding up well. I have a question. Not something I necessarily plan on doing. But came to mind and was curious what others thought.
Alot of states as we know have "no eviction" during this...
Phuong Uyen N.
Capital Gain Tax Exemption
Hello BP,
Please give me your advice on this:
I have purchased a property under my LLC. The property is located out of the state from my Residence-Address (Address on Driver License). I have primary been living in...
Josh Smith
Taxes: WFH expenses California CA 540 -> Form 2106
Hi,
Any thoughts on filing Form 2106 as part of California Form CA540 line 19 “Unreimbursed employee expenses” for WFH expenses? WFH means utilities, internet, phone which I use towards office work when working from ...
Eric Hrlbock
Handicap parking
In a condo complex with no driveways or garages, what are the regulations regarding handicap parking? The bylaws state that street parking is allowed when it does not create a hazardous condition providing an emergenc...
Varouj Asdourian
Section 8 Exemption for the new California Rent control law
I was doing research on the new rent control law that was enacted in California and it appears that Section 8 tenants and units are EXEMPT from the new law. Does anyone have additional information about this? Thank ...
Hardy Davis
401(k) loan for down payment?
Hi BP community. I’m working on a fix and flip deal. I am not very liquid at the moment. I have lots of saving in stocks. I also have the ability to take a $50k loan that would cover my closing costs. It would be 15 y...
Daniel Pena
Decent deal?
I am looking to pick up my third rental property but been having a hard time finding a deal to cash flow and give me good cash on cash returns. I just found a deal on MLS where the sellers are motivated due to having ...
Juan Lopez
Cash out 401k and Roth IRA
Hello guys:I wanted your opinion on my intention of cashing out my 401k and Roth IRA account to use the money to buy real estate. I think real estate market has better opportunities at the moment and more potential in...
Julio Gonzalez
New bill passed by Congress
Here’s a very brief summary of a few things it includes:
- Stimulus checks worth up to $1,400 per person. There are restrictions based on how much you make.
- Unemployment assistance - A $300 federal increase to we...