Account Closed
rogue-ish board
I'm relatively new on the board as is another person. The other three board members have been in place for years: one for six (not running again) one involved for 15, (he and his brother have been pres or vp for about...
Henrietta Lee
Tax pre-payment for rental sold
Hi, I sold a rental property that was rented for 16 years in CA this year. The net capital gain was $480,000. Depreciation taken was $100,000. Escrow already withheld CA State tax. I'm retired in FL with $25,000 socia...
John Truong
Question about the Quit option in "Notice to Pay Rent or Quit"
Hello,After the tenants decide to "Quit", how do I make the lease termination official?Background: I gave a 3-day notice to my tenants last night. Tenants can no longer afford the rent and is one month behind. They ve...
Puri Indah
Moved in to Investment Property for 4 month, can I still do 1031
Hello all, I need your expertise on 1031 subject, in particular @Dave Foster :)
I bought an investment property, rented it for 5 years, moved into it for 4 months (thinking that I could live there) but changed my min...
Aviv Berkovitch
DTI calculation - for conventional mortgages
Hi everyone, As I understand, every time that I purchase a rental property, after it rented, and I want to purchase the next property. The bank can take 75% from the income of the first property and if it covers the (...
Felix D Menendez Jr
FHA bust Lender backed out after pre approval need help
So I applied for a FHA 203(k) loan and was pre approved for $325K I only wanted $250k. So after giving the lender all my documents upon first visit I waited a couple days for a rejection or pre approval. Great I was p...
Kevin Sobilo
Tax Repository Purchase & Tax Assessment Appeal (PA)
In Pennsylvania when a property doesn't sell at the Judicial Tax Sale (Free & Clear Sale), it goes on a list (Repository List) where it can be purchases anytime for a nominal price. When the sale is complete, the ...
Dennis Gavilanes
All this paperwork, how do you handle it?
As a landlord with on-going small projects a lot of paperwork is generated and before you know it,, you fall behind and become a victim of your own success, I’m looking to develop new techniques and processes to updat...
Julio Bradley
LLC and 1040C
I recently moved one of my rental properties into an LLC to protect my personal assets. When I filed my taxes, my tax agent said that I must file a 1040C for the LLC and that the 1040C does not protect my personal as...
Cameron Kendall
Current PM makes tenant move out before changing to new PM co.
My current property management company has been OK but they put in a clause in their contract that I MUST use their agent if I sell the property after a lease with them. It also guarantees them a 6% commission (I know...