LaToya Faith
New Realtor, working on my first deal...ATLANTA
Hey everyone!! I'm a new realtor, here in Atlanta, Ga. I'm currently in the middle of my first deal and I feel like a fish out of the water. What looked like a great deal is now in danger...now that we have it under c...
John Mary
Owner responsibility for water bill if tenant not paying
Received a letter saying it is owner responsibility for water bill if tenant not paying in Murrieta CA area. Tenant uses the water, and tenant apply the account with them and if they are not paying, it is owner's resp...
Nathan Letourneau
LLC filing S-Corp election for taxes
I've operated my business as a straight single member LLC for the last 10+ years. This year (2016) my income was much higher and I figured it might be useful to looking into the S-corp designation with the IRS. Wha...
Chelsea Ross
CPA hasn't filed 2019 taxes. Anything I can do?
In 2019 I decided to start using a CPA that specialized in REI to help me with tax planning. The CPA was actually recommended on the BP forums. I paid in late 2019, and handed over my documents in March 2020. Despite...
Rhys Royales
Can an End Buyer put a lien for "Executed Labor"?
I have assigned a contract in Maryland to an end buyer for a property owned by a foreign family that needs to get an ITIN and FIRPTA from the IRS. I have expressed upfront to the end buyer that the closing process co...
Carl Mathis
Section 8 California - COVID
I tried renting to what seemed to be a pair of really solid and responsible section 8 recipients. They have turned out quite the opposite. Due to covid evicting them is impossible even though they've broken the lease ...
Gy Hwang
From residential to commercial
I have several residential rental properties and I want to switch to commercial real estate investing using a 1031 exchange. However, I'm concerned about the time it will take to sell my residential properties before ...
Andrew S.
Last minute incorrect inspection contingency
I'm working on a duplex from the MLS under contract and have a couple items that I worked with my realtor on for the inspection contingency. The property is a fixer upper so I'm focusing on larger items that were ide...
Danielle Desaulniers
HML and Cash offer
Hi everyone,
My question is this: I am in the process of purchasing an REO (my first one), we told the bank it is a cash offer but the money is coming from the HML. Is that really a cash offer?
Also, the bank wan...
Lance Walrad
Eviction Timeline in Atlanta
Hi all, I’m hoping to gain some insight on the timeline for evictions in Fulton County. I live out of state (in Washington) but have a few rental properties in the Atlanta area that are managed by a property managemen...