Michael Plaks
EXPLAINED: sending 1099s to contractors and vendors
This is a revision of my old post on this timely topic. Timely because January 31st is the deadline.
Sending 1099-NEC (formerly 1099-MISC) to contractors and vendors
2024 update: While not directly related...
Donald Hendricks
MAYDAY! Contractor sucks!
I just moved out of my primary house, which I am converting to a rental. I hired a LifeStyles Unlimited (real estate investors club) recommended vendor from their magic vendor list. Regardless, it appears that this ...
Kimberly M.
Tenant wanting to pay a year in advance
I have an older gentleman and woman that want to rent my single-family home. They put down one dog on the application. When I checked on their Facebook I found that they have three dogs so they lied about two of them...
Tara Kinney
Invest and loan from 401K or just save?
Strategy Questions:I work as an 1099 for my "real job". I have an LLC and it is taxed as an S-Corp. I have recently stopped contributing to my 401K to use the money to save for real estate. But....I've been thinkin...
Huthaifa Afanah
What is more consuming part of Landlording?
Hi all,I would like to hear from you what is the most time consuming part of your Landlording activities through your experience?
Paula Samuel
AirBnB a Pandora's box of nightmares
Back in 2008 when the real estate market took a dive, many of my clients were upside down and risked losing their properties. I began to offer them an alternative means to keeping their properties viable, short term ...
George Frye
Note Evaluation
I am researching a note I came across. AT first it seems like a pretty standard note. It is a Mobile home with the lot for sale for 45000. The Owner received $20,000 down and carried a note for $25000. The interest...
Kristin McPherson
"Accidental House Flipper" seeking advice about selling house
Good morning! Although I've been listening to BP podcasts for about six months, this is my first time to venture into the forums.I identify as a Real Estate Rookie and Accidental House Flipper. My husband Chris and ...
Russell Gronsky
Can an HOA dismiss documents they get from the state?
I have a tenant who suffered a stroke and currently is unable to drive her car. Her license plate tags expired but she filed a non-operated vehicle notice with the DMV and was approved. She provided the approved non-o...
Harry Durden
4 Unit Gut Rehab Chicago
FIRST TIME BUYER/INVESTOR: I am currently looking for 4-Unit buildings in Chicago. I came across a 4 unit with 3bed 1bath per unit. It has building code violations and looks like it will need a full gut rehab. I want ...