My property management company (in a very small town) has informed me they do not provide 1099's to owners for tax filing purposes. They do however provide a cash flow report.Are they required to issue me a 1099?If n...
I have a foreign investment house and I sold it recently, how do I report the sale to IRS now? I don’t want to wait till Apr 2021 and pay a whole bunch of penalty for not withholding enough tax due to this capital gai...
So, I have multiple Sub2 Properties, but I have noticed that later down the road the Seller (Mortgage Holder) wants to obtain a new loan to purchase another property and needs a letter or document showing that we are ...
I am planning to invest out of the country. sending money to Mexico, I would like to get recommendations of what are the legal / tax implications of sending money to other countries, my goal is to invest this money in...
Having spent some significant time working with borrowers buying and selling property who are trying to complete a 1031 exchange, I thought I would post regarding my experience.1031 keys:1. Defer income tax.When selli...
I'm looking at a small condo to buy as an investment, and I noticed in the seller notes that the property may be subject to firpta... is this a deal killer? I've never heard of firpta until now and in doing my resear...
Hello Everyone, I am new to the forum. I am also currently researching information on Tax sale purchases. I attended my first tax sale this year and purchased 1 piece of property valued at $50K for just over $200.00. ...
I am applying for commercial credit. I have 2 scenarios that I don't know how to handle on the application.1) I am applying for the loan and not including my spouse on the application. She pays a certain amount of...
My experience has been primarily in buy-hold-rent and am just learning about manufactured homes since hearing John Fedro's podcast. Am I understanding the Florida Statute correctly that if I buy a mobile home where I...