Account Closed
IRS imposes $50 Penalty (to you?) if your 1099-MISC/S is missing Contractor's SSN/TIN
apparently in all of USA, per IRS.thus all the more reason to REQUIRE, per IRS, of all your contractors/subs, their corect SSN/TIN, as a condition of hire.what should be used to request it, litigiously, then? a W-9...
Robert P.
Inherited Tenant Welcome Package
I will be closing on a 3 family shortly. All tenants are at will. I am located in Massachusetts. I will have a welcome package to introduce myself including:1. Welcome letter2. At-Will agreement with rent amount, due ...
Erick Garske
Single Member LLC Schedule E 2013 Schedule C 2014
I had changed accountants between 2013 and 2014. The new accountant is insisting that I need to file a schedule C instead of a schedule E. In my opinion, I thought that continuing to use a schedule E would be the way ...
Steven Beckham
Fix and Flip Using Someone Else's Mortgage
I'm looking at doing a fix and flip, but I don't have the funds for the purchase, and the hard money quotes I've been getting are too expensive. The subject property is in livable condition and qualifies for bank fina...
Zk Lani
Is it possible to refinance sooner than months?
Hello fellow investors. Is it possible to refinance a property bought using hard money loan sooner than the 6 month grace period? I have read plenty of contents on biggerpockets about the importance of lining up refin...
Jared Arsenault
Creative Financing
I have been listening to BP podcasts for a few months now and am trying to gain some more knowledge before tackling my first deal. I was wondering if anyone has experience/feedback on using a student loan to fund a do...
Jason Haymond
50% Rule - Where do I keep the money?
Hello all!
I’m familiar with using the 50% rule as a napkin number, which includes more immediate things like upkeep, property management, and property taxes; but for the long term things like a roof, what do I do wi...
David Watters
property deed advice
im completely new to this so i have no idea how to handle it. my grandmother is wanting to give me, we went to the tax office and they are saying there is no deed in her name. she bought this property in 1985 and on t...
Bill Rogers
Emotional Support Animals and pet deposit
Has anyone ever had to deal with tenants and emotional support animals (ESA)? I have a potential tenant who I am screening now who has an emotional support animal. This is the first time I have ever had to deal with a...
Charles Biederman
Bungalow tax exemption in New York State
Has anyone researched whether a short term rental of a single family home meets the NY bungalow exemption from hotel taxes? Any leads most welcome. Thanks