Mike Nelson
Did not file quarterlies, need advice
I believe I receive some bad advice from a small business owner I am acquainted with. I applied for my LLC to be taxed as an S corp for 2017, but I didn't not pay myself until December. I did not file any quarterli...
Dovid Staples
Opendoor & Offerpad; What's Their Angle?
I haven't seen anything in the forums less than a year old about this, but here on phoenix I hear a commercial for Offerpad/Opendoor perhaps 4-5 times a day. Always kinda figured they must lowball quick cash offers an...
Tyler Jahnke
Morris Invest Case Study 2.0
Hello BiggerPockets!I stumbled upon the Morris Invest Case Study by @Ian E. and am now inspired to document my current investment with the company. This is kind of a long post, but I hope you stay with me. Clayton Mor...
John Pruner
Deal gone bad, need advice please
Hi,I came into contact with an Atlanta rehab/investor named Andy on BP in Feb or Mar of this year (2014). He had a house for sale in Altanta that needed some major rehab work (about $15k). The house was not in a great...
Dianne Phelps
Code enforcement tagged me a month after sale
I received a code violation on a home for three items on a house that I sold a month ago. Two of those items I didn't do (they tagged me for installing windows and new siding, I didn't do either) and one that I'm guil...
TJ Maxberry
Judge did not file judgement on eviction
Hey BP family!I purchased a duplex on June 29th, gave my tenant an into letter with the amount of rent owned (same price) and a blank copy of a lease. Tenant was late so I posted a 7 day notice to pay or vacate or Jul...
William D.
Did not file taxes on my rental property
I own 2 properties. Live in one and rent the other. I am trying to get pre approved to purchase another property but I did not file taxes for my rental property. My broker is telling me I won’t get pre approved becaus...
Hieu Ngo
Did not fill in move-in checklist with tenant
I was too busy to do a walk through with my current tenant. I was duped by the guise of "They look and act O.K." to me.
I have a feeling I will be using all of their security deposit for paint and unpaid rent...
Serge S.
Anyone called out by IRS for NOT filing 1099s??
I know a few investors that have never filed 1099s with contractors. They claim to either play dumb (thought it was a C-corp) or just never file. One guy has never filed in over 10 years and never a peep from the IRS....
Fred Stevenson
to file a claim or not file a claim
I have a property in which the tenant had a "cooking accident" that sent flames up to the ceiling, and burnt a whole into the bedroom above. The work order from my property manager is for $6120.00, and my deductible ...