Jarrod B.
MOLD Issues In Rentals
Hey there everyone, I have a couple of rentals in FL and am just now starting to experience some issues with Mold. I searched through a lot of the discussions, but was unable to find a clear cut answer as to the proc...
Marina Loos
Umbrella Insurance - 1 more claim - Can't get one with the other.
Earlier this year I tried to purchase umbrella insurance. I was told by State Farm and Progressive that since I had 2 previous claims (both in 2021) I would have to wait until 2023 to get approved. So now that 2023 is...
Tim Block
Questions About Tax Reporting on Sale of Property
I have a bunch of questions for the tax gurus here. In 2022 my wife and I sold 2 properties that were held longer than 1 year. My main question was can I list both under a schedule D? Here are both the scenarios and ...
Nicholas Valente
Looking for advice on on cape cod STR
Little back round on the house. My parents thought they wanted to retire in cape cod. They bought a house in Falmouth closer to the mashpee line. Turns out they hate it. They want to move back to be closer to me and m...
Adam Stone-dare
Business insurance?
here's a dumb question I feel like I should already know the answer to but do I need to purchase Business Insurance if I am going to rehab properties or just insurance for the actual rehab-builders risk, vacant dwelli...
Travis W Condon
Complicated issues regarding a security deposit.
My wife and I control a property in Mandan ND. It's a probate property and is owned by a distant relative of hers. The power of attorney, a distant uncle, has not finished the probate since 2019, and we have a suspici...
Greg P.
Payroll Tax - Is this right?
Hello, I have three employees including myself paying a total of $90k net yearly for all 3 of us. I'm paying approx $1,400 every 2 weeks for payroll tax and I feel like this is way too high. Could someone please let...
Gary Kurtz
How Do You Assess What Would Work In A Small Town?
I live in a small (8000 population) an hour and a half south of KC. We are the county seat and the population of the county is about 25k. In my opinion the town is not as health economically as what it was even 5...
Vickie Lukacs
1031 Exchange and rehab
I have a rental (that's been vacant for the last year - family member - health issue). Now I would like to do a bit of rehab on it to maximize profit (est. 30k) and sell it 1031 for a property closer to my location. I...
Larry Flanagan
Franchise salon
I have a guy who basically wants to give me a franchise salon. Of course it makes no money. The gross revenues are about $150,000/yr, the net hovers around $0 plus or minus. Does anybody have experience owning s...