Matt Reno
Where to find analytics and how to interpret them
Hey everyone! Sorry if this had been asked already. I have looked but I wasn't able to come up with anything as I'm still getting used to the forum format. Anyway, I was listening to BP pod cast #108 and the guest wa...
Michael H.
How do I interpret "Primary Residence?" IRS seems vague :(
Hi folks, I'm purchasing a condo in San Juan, PR as my Primary Residence, so obviously the bank and the IRS expect me to live in that condo for "the majority of the year." I thought the IRS would be more specific by s...
Dena Davis
Rehab Analyzer--- can you tell me how to interpret this?
I dont understand. I put my days holding this at 150 days. So that should have calculated in the mortgage payment for that number of days. What is confusing me is the variance in days posted to the side. Any c...
Jessie Brown
FHA Loan and Owner Occupancy
I'm a Real Estate Broker here in North Carolina. I have a Real Estate client who purchased a home as an Owner Occupant using FHA financing. My client couldn't speak English and had to use an interpreter to close the...
Jessie Brown
FHA Loan and Owner Occupancy
I'm a Real Estate Broker here in North Carolina. I have a Real Estate client who purchased a home as an Owner Occupant using FHA financing. My client couldn't speak English and had to use an interpreter to close the...
Dawn Anastasi
Meeting with deaf tenants
I have a meeting on Saturday morning with some inherited tenants who are deaf. I don't know sign language, so I'm wondering if anyone has any tips on communicating with them in a positive, effective way. It didn't s...
Matthew Campbell
1% test or 2% test? How do you interpret the results?
Hello!
I am a total newb on this site and in this investment space and Im looking for my first deal! I have a few properties that interest me and I am running both the 1% test and 2% tests on them. 5 properties in a ...
Account Closed
I disagree with my accountant on interpretation of the de minimis
I dove into the IRS code today, and I think I have an airtight argument that the de minimis rule applies not only to personal property like refrigerators and computers, but also to materials and supplies used in impro...
Ron P.
Tax Professionals and Random Number Generators
I'm dating myself but what the heck. I remember from years ago, that for a while Money Magazine did a yearly tax return test involving a hypothetical tax return and tax pros. Money Mag would ask a number of tax expe...
Account Closed
North Carolina Sales and Use Tax for Landlords - New Rules
House Bill 1050 (S.L. 2014-3), signed into law May 29, 2014 by Governor McCrory, provides that the gross receipts derived from the rental of a private residence, cottage, or similar accommodation listed with a real es...