Michael Plaks
Last-minute PSA: you're about to lose your 2018 or 2019 NOL!
If you do not know what NOL (Net Operating Loss) is, this alert is not for you probably. :)If you carried your 2018 NOL to 2019 or carried your 2019 NOL to 2020 - you only have UNTIL OCTOBER 15th, 2021 to reaffirm thi...
Josh Edelson
WANTED: Tax Accountant Specializing in RE Investors
Hi All!My tax accountant sucks! She forgot to include ALL my management expenses ($32k in expenses) and now I'm making her do an amended return on my 2019 taxes. This is my second accountant in two years. She's fired!...
Francesca Tindal
Filing Taxes When You Have Out of State Rental Property
I currently live in New York and own a rental property in South Carolina. I did about $10,000 of repairs on the house when I purchased it in 2018 and it was occupied from December 2018 through October 2019. Last tax s...
Shawn Mcmullen
Need private lending because self employed
My wife and I are currently looking for a private lender or a owner financed home in Dekalb County in Georgia.
Here's the problem we can qualify for FHA, but our tax person screwed up our 2010 income tax. Needless to...
Verleecia Allen
Need to know if I need a new lease
I plan to end my contract with my pm( have to give 60 days). I want to know if I need to have a new lease signed with the tenant.
Carl Hobel
Tenant not complying with Rent to Own Lease
Need to know if I need a real estate attorney or not. My tenants lease to own contract is expiring at the end of the month. The lease has a Notice Required To Exercise Option which states as follows:To exercise the ...
Marco Bario
Home Mortgage Disclosure Act
I was reading a bit about the new almost 800-page long CFPB Home Mortgage Disclosure Act which takes effect Jan 1, 2018. As I understand it, the document serves to amend the existing HMDA "made by section 1094 of the ...
Chris Kim
Move-out inspection when tenant vacates before lease ends
My tenant notified me that he's moving to another state on 9/2018. I'm in Virginia and the lease ends 3/31/2019. He's been a good tenant, pays on time for several years, etc.My CL lease requires and my tenant reaff...
Daniel Patton
Chicago CPA Year-End Taxes
Does anyone have a recommendation for a CPA in Chicago that costs under $500 to file taxes? I just have one LLC and this year I only purchased 2 properties with nothing sold, so should be a pretty straight forward ret...
Roan LaPlante
How to legally change ownership of LLC in Ohio
I have a highly specific legal question regarding Ohio business law. I have noticed many other investors here from Ohio.My wife and I were married yesterday. We now wish to convert my real estate holdings to holdings ...