What is the legal definition of full time residency once you’ve purchased a property under an FHA or conventional loan? Does it differ from bank to bank in regards to the conventional aspect? Would 178 days out of a y...
Hello all,
l'm really interested in starting my 1st investment in short term rental. Have listen to various webinars, etc.. I'm really interested in the model of leasing vs owning a unit and then use it for airbnb; ...
Hi All-There seems to be a ton of confusion in the market regarding the new ADU laws in Los Angeles near USC. I’m in escrow on a great SFR with an oversized garage that I’d like to convert to an ADU. Everyone says tha...
So we have an online portal for contractors to submit bids and SoW.He said he will submit everything except the license number and never had a lender require it. I told him well my lender does. So I told him if you ar...
When do you need to issue a 1099 to a vendor?After contacting several tax accountants for an answer to this question, as well as an IRS agent, the answer provided was the same:You must issue a 1099 to all vendors you ...
I wear multiple hats in the dynamic world of Atlanta, Georgia. As an investor and Super Host with three doors in the short-term rental market, I've honed my skills in providing exceptional hospitality. Alongside this...
Hi
I'm looking to withdraw funds from a past employer retirement plan using the homebuyer exception. Any recommendations for CPAs that are familiar with this process? Recommendations, advice and suggestions are appr...
Hi, and thanks for reading! I'm new to REI and have been looking through lots of listings to get a feel for what's out there, etc. I saw this house in my local area and I'm curious on what others think about it's pote...
Hi.Is there a way to obtain (buy) access to the most recent Appraisal which was done on a property?Do any states require appraisals to be recorded when performed?And are actual appraisals done for tax assessment purpo...
Hi, I placed a bid on a shortsale. The mortgage is by TFC. My agent told me this bank does not give a dime for relocation. I feel bad for the seller for she was expecting $10,000 to move out. Well, I also feel ba...