Paul C.
Deducting Origination Costs on Line of Credit
Does anyone know how you would deduct the costs of obtaining a line of credit? For example, let's say I get a line of credit and I pay the following fees:Attorney Fees: $500Origination Fees: $750Title Fees: $1,500Cou...
Joe S.
Why so many Robo calls with no one on the other end when you answer?
I am a bit confused, why we constantly get phone calls on our business line and when we answer nobody’s there. What purpose does it serve a company to call people and not have some sort of system in place once they an...
Bob Jones
Home Equity Loan vs Home Equity Line of Credit
I want to get cash out for two small rentals for about 100K. One option is to get two home equity loan for $50K each and another option is to get one home equity line of credit for $100 K. Which one should I choose...
Zach P.
Question on writing off Rental Income to Zero
With last years taxes, I was able to write off my rental income down to zero through depreciation, repairs, hoa's, taxes, insurance, etc on my rental properties.Since I do not meet the qualifications to go to $-25,000...
Jeff White
Sand and water bathtub overflow when washer runs in basement
Hi Guys, I'm having an issue with the basement unit tenant stackable washer/dryer overflowing into the bathtub drain. I had a contractor put in a washer dryer down there about two months ago, and it connects to the s...
Carrie Collyer
Can I get feedback on my logo?
Finishing up my logo. Could I get some feedback? What do you think of the tag line? My husband thinks we should change the last part to: "We provide Solutions". I know the tag line will be too small for a b...
Sam M.
Is there any reason not to pursue a SS where others have tried?
I just spent an hour talking with an owner 2 months from foreclosure. They have had 2 people try to work their SS magic to no avail. I believe the last one was another investor in the area and the owner shut it down...
Tony Thompson
Using Equity to Reinvest
Had a few thoughts about using equity to reinvest.
1) Is it a good idea to reinvest equity from one property to purchase another? Generally I see this as getting your money (equity) to work harder.
2) Is there a ...
Michael K.
Anyone familiar with the SHST (Safe Harbor for Small Taxpayers)
Anyone familiar with the SHST (Safe Harbor for Small Taxpayers) - any insight here would be very much appreciated. Thank you!!1) I understand the safe harbor to be the lessor of $10k or 2% of the unadjusted basis of t...
Matt T.
Old-style valves in bathroom. How to keep children from burn hazard.
I've got a young couple living in a SFH built in the 1940s. Many of the walls in the house are masonry, so replacing plumbing is prohibitive. The bathtub has the old style valves—one for hot and one for cold, and t...