Huy Thai
EIDL Deposited 4/14/2020
I checked my bank account this morning and the EIDL grant was deposited. Of course it wasn't the full 10K like everyone is hoping, mine was 2K. Many will ask, but I signed up on the 29th directly from the SBA site. I...
Lee L.
collected money in Dec for stays in jan/feb
I collected money in Dec 2018 for stays in Jan and Feb of 2019. Am I supposed to pay tax on that money for 2018 when it hit my bank account, or 2019 when the actual stay took place? When I was long term renti g and th...
Michael Dunn
Claiming Rent money as ( Income ) ... how soon ?
Good Afternoon,I have a situation that I'm sure is not all to common , which is a bot why I'm confused as to what to do / my options areA quick rundown of the scenario at hand .....The property I have is a " second un...
Debbie Young
Wholesaling Question
Hi BP members!I am new to wholesaling, so I need some advice on a potential deal that I received. I recently received a property from a real estate agent (I am working with the buyers agent). The asking price for th...
Abby Robinson
Private Money Lender
Hello Fellow BP Members. I have a private money lender who is interested in doing a SFH buy-and-hold investment with me. This isn’t a partnership. His concern is that his investment won’t qualify as passive income. I’...
Wes Selman
Long Term Tenant- Homestead Exemption
Is there a way to structure a scenario where a long term tenant of a single family home can receive homestead exemption? Is there a way to do that?Thank You.
Sonya Koster
Tenant terminates lease early without Notice to Vacate
I have a tenant who just notified me yesterday that my rental is spotless and ready for new tenants. I was shocked because I never received a 30 day written Notice to Vacate. Also, they were just 4 months into the l...
Daniel Song
Longterm 20 Year land lease for solar energy tax implications
I have land in a foreign country which I'm planning to lease it to the solar developer. It's going to be a 20-year lease which I'll be receiving the payment in advance. This foreign country allows the lessor to pay th...
Amari Walton
Elite Legacy Education
So, last year I purchased a course/package from Elite Legacy Education. It’s tax time and I wanted to know does anyone know if there’s an advantage to receive a greater return. You know receive at least some of what I...
Tyler Bettencourt
former PMC still owes my $$$
Any advice on how I can collect $$$ from my property management company? I'm in California PMC is in Illinois. I thought about small claims court but the total amount owed to me is $990. By the time I fly out etc. it ...