Account Closed
Receiving calls after first direct mail campaign -- No idea what to say or how to qualify leads
Hi everyone,I just sent out my first direct mail campaign last week, and I've started to receive phone calls. I'm using a questionnaire I downloaded from the resources page as a script to help guide the conversation ...
Jeff Tumbarello
Bank of Florida, closed today by the Florida Office of Financial Regulation, which appointed the FDIC as receiver
http://www.fdic.gov/news/news/press/2010/pr10125.html
Everbank, Jacksonville, Florida, Acquires All the Deposits of Three Affiliated Florida Institutions
B...
Michinori Kaneko
prepaid rent tax treatment
Hi All,I know that when you receive a prepaid rent, you treat that as an income on the year that you receive it. However, what if you use the property manager, and they are the ones that receive the prepaid rent and ...
Mark K.
BiggerPockets Wealth magazine
Has anyone received their copy of the new BP Wealth magazine?
I'm in Virginia and I haven't received it yet. My oldest son is in Seattle and he hasn't received it either.
Account Closed
Buying note at 50% of BPO. HML will lend up to 75% LTV. Does this mean the buyer will receive cash at the closing?
If the non-performing loan is being purchased, for $100,000, has a Broker Price Opinion of $200,000, and the hard money lender will lend up to 75% LTV, then the loan amount would be, $50,000 more than the purchase ...
Natasha Morris
Batched Status Need Answers
Today mine went to batched but my landlord says his portal says processed. So should we see some funds soon ? We both participated with everything they needed . Kinda went fast once my landlord created his account . C...
CJ Witmer
Can I deduct unpaid rent/eviction fees on my taxes as a loss?
I did some searching and didn't find much so I wanted to pose the question here. As the subject states, we bought a duplex and after it was all said and done, we had roughly $4,000 in unpaid rent and eviction fees th...
Jim T.
Overpaying State Income Tax and 1099-G
If one overpays the state income tax, they receive a 1099-G the following year for the refund amount. This makes sense since you were able to deduct all that was deducted rather than just what was ultimately owed. If...
Chris Martin
Rental revenue recognition at end of year...
This IRS topic defines rental income in this way: "Generally, cash or the fair market value of property you receive for the use of real estate or personal property is taxable to you as rental income." The question is ...
Kevin Critchlow
Quit-Claim to Family Trust, with Cash-out Deal. Tax Question.
Hi all,I am looking into quit-claiming my southern California property to my Grandfather's family trust and had a couple questions on any tax situations that might occur. There is $192k left on the mortgage, which wou...