Ray Slack
Question about Max employer contribution on solo 401k
3 quick questions. I setup a solo 401k and wanted to confirm something. I am personally listed as the employer and employee. I know I can contribution $18k as the employee and 25% of income as the employer. Ques...
Bruce D. Kowal
Material Participation for Real Estate Professionals
1] Lots of questions about how to qualify as a Real Estate Professional. The absolute best resource for this are the IRS Audit Techniques Guide for Passive Activities. In particular Chapters 2 and 4. This is writt...
Terry Royce
Bonus Depreciation Items
Reviewing our 2018 books.
I am working on breaking out & reviewing our rental expenses.
There does not seem to be a comprehensive list of "bonus depreciation" items for the new tax laws. Different accountants I'...
Katherine Valenza
Schedule E rental assets mixed up
Does anyone know what you have to do on a tax return if the assets were incorrectly entered for a rental unit that actually belongs on another rental unit? The owner is selling one of the rentals and the assets are i...
Jeffrey Coffey
Dodd Frank rollback on seller financing?
Has anyone been able to find out if the recent rollbacks on Dodd Frank change the number of houses that an investor can sell to a non-investor, using seller financing, before the seller is tagged as a loan originator?
Alexander King
rental restrictions, 30 day minimum. How would this be enforced?
Looking at a vacation rental that has a rental restriction of 30 days minimum. Who would enforce it and how would they tell if someone wanted to do a weekly or nightly rental?
Deal details: $800k pp, 1.5 back en...
Rob Wallace
Recommendation for mortgage lender who will lend directly to LLC
I’m looking to purchase a rental property in Cincinnati. My partner and I are unmarried and have set up an LLC with each of us as 50% members. We would like to purchase the property through the LLC with financing dire...
Aaron Hollandsworth
Put in 30 day notice but returned keys late: do I owe?
CA Renter QuestionI recently requested that my property manager allow me to amend my lease agreement so that I may move out March 1, 2019 instead of the previous agreement of March 15, 2019 due to my purchasing of a n...
Robert Adams
Nevada HOA liens do not supersede first mortgages
I know there has been a lot of discussion about the HOA foreclosures in NV since the 2014 ruling. I received this update on this issue from one of our hard money lenders today and thought I would share it with the BP ...
Josh Hinkle
1 tenant moved out, the other can't afford the rent
Boyfriend/girlfriend signed a least together in May. They broke up a few weeks ago and the male has disappeared. He won't communicate with me at all. The female says he won't talk to her either. She tells me he's ...