We sold a property last year and are carrying the note. Buyer has been making monthly payments and is due to make the balloon payment in a few months. I'm wondering what the tax implications are for both the payments ...
Came to find out my elderly relative in her 80s has two properties rented out to the same person, but she has no security deposit in hand for either (one commercial, one residential)
Residential property - lease stat...
Anyone done business with RREAF Holdings? They are a private equity firm putting together syndication deals. Just trying to find some history of what they’ve done and how they’ve performed from an unbiased third party...
I have sent 2 notices to my tenant to cease habitual late payment. Both were certified and both were refused and returned to me in the mail. What should I do? Did these 2 notices count? I also posted it on the door...
I have a dilemma I would like to pose to the crowd. I have a sf rental in Florida with professional management in place that charges 8% per month. I have four homes with them. Three have been steady without any rea...
Yo BP, I closed on a house the other day, but at the same time the foreclosing trustee was auctioning off the house at the courthouse steps in Virginia. I know, this is weird. Apparently the listing agent didn't thi...
I have a tenant that has started paying late a couple of times. We usual receive her pmt a day or 2 after the grace period is up. I have noticed that when she drops off checks that she will back date them to the 5th (...
This year I was heavily strapped for cash due to a family emergency. I couldn't file my taxes on time and I had to file for an extension. Usually I receive a very large refund but this time I had to pay a huge amount ...
I received an IRS tax notice with interest and penalties that related to the balance due with the filing of the extended return in October. Tax withholdings were well over 110% of the prior year tax liability; so, I ...
Hey all,Purchased Mass Landlord forms right here from BP... trying to help a buddy out who bought his first home that has an in-law apartment. The lease I purchased states: "Any payments paid after the _____ day of an...