Chris Martin
$0 tax due with $109,250 adjusted gross income - it's LEGAL per 1040 Instructions
To me, the most important tax worksheet is the Qualified Dividends and Capital Gain Tax Worksheet on Page 36 of the 1040 Instructions.
Line 9 of the worksheet says: "This amount is taxed at 0%" What is line 9? It's (...
Yan Garcia
Ways that a PML Gets Paid
I'm a bit confused on how a PML gets paid. I understand they get paid by interest payments but it seems to be a slow return. A $20k loan, 30 months, 9% is coming at ~$2400 in interest. That won't be appealing to my mo...
Ryan Bakerian
Seller Financed Refi Questions
Hi had a client approach me about a question I wasn't sure the answer to. He was looking at purchasing a seller financed house with a 5 year balloon. At the end of the 5 year balloon he is looking to refinance the pro...
Account Closed
$2,500 De Minimis Safe Harbor Election - per project or total?
Hi everyone, I closed on a property last week, listed it for rent the day of closing, and am performing some minor changes before it is rented. Based on my understanding of @Brandon Hall BARRRR stategy, since the pro...
Robert Collins
what would you classify as A,B,C,&D neighborhoods of Atlanta?
what would you classify as A,B,C,&D neighborhoods of Atlanta & Surrounding areas ? I’m trying to learn my areas and I figure I would ask bp to correct me if I’m off, I assume Buckhead would be a A class Smyrna...
Ira Roach
Contract Information
Help! I am fairly new to the real estate investing business and I wanted to try wholesaling. I currently have my first property that I am ready to put under contract but I'm a little stumped. This property fits the 70...
Shannon Sadik
4-plx in A+ neighborhood, will be owner occupied. Is this a good deal?
Hi, I'd like your advice on a buy and hold I am contemplating purchasing. It's pre-MLS, so I have to make a decision fast. Asking price: $499k. Lender requires 25% down for a 4plex with conventional financing, or I ca...
Linda Roberts
Payment plan for unpaid rent
The tenant called me to explain that she has a medical issue and cannot pay next month's rent on time. Later, she informed me that she is unable to work and, as a result, can only pay some portion of the rent until th...
Justin Summers
Question on Step up basis for property owned by Father Son in LLC upon Death
My father and I bought a Vacation home in Florida 7 years ago for $500k and purchased it in an LLC .. The only purpose and use for this LLC was to purchase the property.. No other business or properties owned by the ...
Adam Schuette
What should I be aware of when offering seller financing on my land?
Hello,I have never done seller financing before and it would be on raw land. Are there any pitfalls that I should be aware of when having the contract written up? Or anything that I should be sure to add in the contract?