Kevin Allen
Cares act 401k question
My wife has been out of work due to the virus. She has a hair salon which has been forced to close down during the pandemic. Does anyone know if I will be able to wave the 10% early withdrawal fee if I take a distri...
Christina Galdieri
Screening an Army Vet
Hi All- I have an Army vet who applied to rent my property. How do I go about verifying her income from the VA? I can't seem to find anything on how to do it. An old post had a link but it doesn't work. Thanks!
Lance Lvovsky
Tax Summary of Coronavirus Relief (CARES ACT)
On Friday, March 27, the President signed the massive $2 trillion coronavirus Stimulus Bill (the Coronavirus Aid, Relief and Economic Security [CARES] Act) to provide assistance to workplaces and employees. The law pr...
Julie Groth
Form 8825 the correct one for STR income?
I know STR income is treated as active by IRS (like a hotel) and I have S Corp. My accountant used form 8825 (rental real estate income for S Corp). Is this correct? I would have thought it should appear in a differen...
Ryan McFarland
Turnkey Suppliers in United States
I am currently looking for providers of Turnkey properties in various markets across the United States. If you are aware of rehabbers or builders who can put out new properties every month please let me know. Looking ...
Danial Qureshi
Freddie Mac now allowing LLC transfer (as of 10/20/2021)
I just discovered that Freddie Mac recently began allowing property title transfers to an LLC after an amendment to their servicing guidelines, effective on 10/20/2021. Until now, only Fannie had allowed LLC transfers...
William Yeh
Bay Area Portfolio Lenders
Hey BP. My group is engaged in residential rentals under an LLC and we've been struggling to find portfolio lenders in the Bay Area California with reasonable terms. We've come across a few lenders that have quoted in...
Taylor E.
Suppliers/Vendors to Furnish Rental Units
I have several new rental properties underway that will be mine in the next 2-3 months. I'm looking to furnish these units so that I can get a higher rent for them. My market will rent for about $150-200 more per bedr...
Matt Ryan
Notifying Other Tenants of Service Animal
I have an applicant with a service animal that is interested in my property, which is a 4-unit building that doesn't allow pets. I understand that a service animal is not a pet, but I do not want the other tenants in ...
Percy N.
Private mortgage - single or blanket?
I have an opportunity to provide a "cash-out" private mortgage on 2 (maybe 3) investment properties for a borrower who has done business with me before. The underwriting is fairly conservative (65-70% LTV) and borrowe...