Chelsea Schaefer
CPA causing confusion on STR rules - HELP!
Looking for advice - purchased first STR 2023 and we qualify for active income based on rule 3 of the material participation test. Current CPA says we can't take losses off of W-2 because W-2 income is greater than 24...
Patrick J.
What is the use of llc holding companies?
What's the use of a holding company for rental properties? Is it suppouse to reduce taxes? Reduce liability? Reduce management headache of "needing" multiple bank accounts?
Shelley Marko
Deceased tax lien sale
My friend has passed away and has no mortgage on property and only owes $1200 in taxes for 3 years deliquent The sheriff delivered the paperwork to my house as he used to live next door and he has no heirs. I wanted t...
Anthony Nez
Question: Abandoned property
I located an abandoned property that is owned by a person who skipped out of the nation. The property was with a real estate development group that has hardly any credentials and hardly anything on its website. I have...
Paul Lydon
Best site to track a property
What is the best site or app to track a specific property. So that I will know when the price gets reduced or taken off the market, or maybe put on the market.Thanks
Andrew Fidler
Lucas County (Toledo) property tax reductions more difficult
PIN, The Property Investor's Network (https://www.toledopin.com/) hosted Anita Lopez at the March 2020 meeting. This was the about the fifth time I have enjoyed Anita's annual updates on the status of Lucas County and...
Stephen Bethel
Using the CARES Act Retirement Waiver
I’ve read the CARES ACT special rules for retirement funds (ex: 401k/IRA). Allows Coronavirus related distributions up to $100k. Is there too much risk (ex: legal implications) in taking this option? There is a repaym...
Bryce Nesbitt
Electric Meter Tax in California $24-$70/month even for no or low use. CPUC
https://www.ewg.org/news-insights/news-release/2024/03/over-240-california-community-organizations-unite-againstLate in the legislative process the tax was slipped into a 2022 law, A.B. 205, authorizing the California...
Drew MacDermott
New Mandatory California Water Restrictions
If this is an April Fools joke, it would be a terrible one. I am not from California but find this to be one of the most dire situations today, not just for California but for our country. The Governor has issued an...
Jacob Stephen
Title owners insurance - to buy or not to buy??
I was looking at the Closing disclosure from my lender and noticed that the Title owners insurance is optional. What are thoughts on opting out on that?
Its not cheap.