Thomas Mattausch
Proving Established Use / Grandfathered Status
Hello BP! This is one part success story, one part discussion prompt. This morning I threw a hail mary and it went for a touchdown! Didn't even have to push the defender to the ground, as you normally do in a hail mar...
Ben Gonzalez
Dealer Status and Installment Sales
My understanding of Dealer Status is that if you are flipping on terms (in my case: buy on terms, fix -or not-, then sell on terms) then you lose the ability to be taxed as an installment sale where your gain is sprea...
John Young
Family status - number of children
After reading the Ultimate Screening Guide here, I think I've been doing it wrong. For my 3 bedroom, 1 bath properties, I've been saying that I will allow a maximum of 2 adults and 2 children. It looks like I can on...
Raneka Felder
Application has been paid status
So today I emailed them to check on one of my tenants application that says application has been paid been like that a week but my response was them emailing me an denial saying property after I’ve emailed them to che...
Michael Szymanski
Clarification on Foreign Entity Status
I am one of two managing members of an LLC which is formed in Virginia. I live in Florida and my partner is in Virginia and all of our business has been conducted in Virginia. Our accountant is telling us our LLC is b...
Gabriel Z.
FHA Loan, Employment Status Changing
Hello everyone,I currently have an FHA loan on my property and I was able to finance this because I work remote. However, I recently got an offer letter that will require me to be on site. I have a couple questions:1....
Adam Neill
Real Estate Professional 'Tax Status'
I am looking for a good source of information in regards to The Real Estate Professional 'Tax Status'. If anyone has a book or blog they could recommend? I greatly appreciate the advice.
Brandon C.
Advertising Response Rates - Status Check
Got my first rental posted on all the major sites. I'm getting 1-2 calls/emails per day since 7/1. Below are my response numbers. Trulia gets a lot of traffic, but it's mostly out of state phone numbers and I never ge...
Nancy Navarro
Deadline for SCORP Filing Status?
I need to change my tax filing status from an LLC to SCORP. What date is the deadline to do that in December? Someone mentioned it’s sometime in December for the 2019 tax year. Thanks
Haley Brown
Real Estate Professional Status Documentation
Hello! My husband and I own/manage a few LTRs and MTRs in Texas and we are thinking I might qualify for Real Estate Professional Status in 2024 with all the hours I put into our properties (and growing properties :))....