Michael Plaks
Remember to send your 1099s by January 31!
The beginning of the year is a perfect opportunity to get even with all those contractors who worked for you during 2018: report them to the almighty IRS and make them pay taxes on the money they received from you. In...
Brad Hadley
Wrong existing lease in purchase agreement
Hello everybody! I have an issue I was hoping some experts may have advise on. I purchased a duplex a month ago and am house-hacking it. In the purchase agreement they included a lease for the existing tenants in the ...
Matt Huber
Lots of Applicants: How to choose?
Hey all,Total newbie here.We're getting set to rent our house in the Sacramento, CA area. I posted an ad on CL a couple days ago and have received about six replies so far. We will be ready to show the property on Sun...
Michael Tan
Confusion on HML Rehab Funding - What value am I getting?
Hey everyone! So I’m finding myself unable to wrap my head around a certain aspect of Hard Money Lending as I go through my first deal.I’m currently using an online HML provider, LimaOne, and received “Fix n’ Flip” fu...
Danielle Brodnax
City Owned Properties in Queens & Brooklyn
Good afternoon, I have noticed there are a LOT of vacant homes in Queens (New York City), which have been vacant for at least 7 or 8 years. After doing a little research I have found that a majority of them are city o...
Jerome Adams
Zoomeral Business funding
Hey BP! Is anyone familiar with Zoomeral which is a platform where lenders & business owners are matched based on the borrower's profile and criteria? I've been trying to search all over google but I wanted to see...
Eduard Gorbach
Wrongly taken to small claims court - need advice
I received a certified letter with a small claims defendant packet inside from a neighbor of one of my properties taking me to king county small claims court over property damage. The hearing date in the packet was sc...
John Thedford
First National Realty Partners: Any Experience Or Knowledge
I found this company on FB. They are offering a part ownership in two large grocery store anchored strips in the NE. They are claiming a projected first year cash return of 8% with an IRR of 16%. The project is 36.5M ...
Eric H.
When to Record Rental Income w/ Property Manager
I use a property management company and they receive rent at the beginning of the month but don't disburse it to me until a few weeks later.For my bookkeeping would I want to record the rental income when I actually r...
Juanita Vainas
Vacation Rental Management and filing taxes, w9s, 1099s, etc.
I am beginning to managing vacation rentals . Right now, I am assisting (cohost manager), and the owners are filing the various income /hotel motel taxes, and paying me a percentage to manage the property and guests. ...