Solomon Tubbs
Corporate Credit Scam?
Hey guys!
I met someone recently who says that she lets others use her companies line of credit in exchange for cash. For example, she said that if someone pays her 10K she would absorb your company into hers and allo...
James Carlson
Denver to collect Airbnb taxes ... FINALLY!
Okay, Denver Airbnb and short-term rental hosts. Looks like the city of Denver will finally start collecting the 10.75% lodger's tax and then remitting it to the city. You are no longer the middleman.I'm sure everyone...
Benjamin Nitz
Help with Proof of Funds - Private Investor (Parents)
My wife and I are looking for our first BRRRR deal right now and we are planning to partner with my parents as our "private investors." We are looking to submit an all cash offer tomorrow, but we are unsure how to nav...
Jordan L.
Property Tax Assessed Value Appeal in South Carolina
Hi everyone! I am a rookie investor, with one tenant-occupied rental property in South Carolina. Anyone familiar with owning rental property in the state should know how high our property taxes are. On top of this...
James C.
Owner Occupied Loan while working overseas
I am currently working overseas (more than 330 days per year), and want to "House Hack" by purchasing a 4 unit property. I would Owner Occupy one of the units, staying there when I am back in the USA. When I am not th...
Lacey A.
Rent to Myself
Is it legal, per the IRS, to rent my primary home back to myself? I have some upcoming repairs needed that outweigh the Homestead Exemption and plan to make my primary home a long term rental in the next 7 years but t...
Kyle Scholnick
Pay Yourself Rent? The Battle of Schedule C vs E
Are there any rules and regulations from IRS on paying yourself rent if you own an office building and your unrelated business uses that location? By doing that, it would put passive income on schedule E as opposed to...
Antonio Denmark
Need Help with 5 Pack Offer
Have a situation that is very complicated and need help A.S.A.P. Someone is offering to buy 5 of my rental properties for cash. I know some of you think that this is not a problem, but when you are not ...
Ryan Stirling
FIRPTA/HARPTA Withholding - Seller is requesting SSN of Buyer
Context: Seller is a foreigner to the US and special tax withholding must take place via FIRPTA/HARPTA. In the offer, the seller is requesting that we add this term to the contract:Request: “Buyers authorize Escrow to...
Jack Taylor
Write-offs on long-term/short-term rental
This is my first year with a residential rental. I moved out of my condo at the beginning of 2019 (and am renting in a different city). I rented my condo that I own and moved out of to a friend for a 6-month lease at ...