Dana W.
Screening-Legitimate Tax Form Help
Hello,
I am a newbie renting my first condo. I have a great new applicant , seems very nice, that states they own their own business. They have five-star, glowing reviews from past landlords; paid on time, quiet, et...
Andrew Lomakin
Government Tax Liens, how legitimate are they?
Went to a free tax liens presentation where they sell a 3 day work shop and their software for $600. Anyone know how successful this venue is? Thank you!
Eric Mcginn
Tax questions on LTR and title insurance settlement
Hello,
I’m dreading tax season because I’ve done pretty well this year. First question, is it too late to spend my money on repairs for this tax bill?Second question, do I have to pay taxes on a title insurance sett...
John Morgan
Anyone ever get audited by the IRS?
Just curious if anyone has ever got red flagged or a random audit from the IRS for their rental investments. I haven’t yet, but wondered what that experience was like. I keep good records, but hope I never have to go ...
Jeffrey Johnson
How To Handle An IRS Lien On Property
Have an interesting opportunity we are trying to make work, wondering if anyone out there has ever dealt with something similar....Met with a seller who has a property set for foreclosure auction on 6/5/18. She owes $...
Seidy Lasker
Can K1 losses be carried forward?
If someone had an S-corp with K1 losses but the losses were too much to cover their W2 income, can this be carried forward OR is it better if they claimed less in bonus depreciation to spread their S-corp losses in fu...
Arthur J. Encinas
US Tax Lien Association solid training?
Hello,Has any one taken the 3 day course $1497.00 with US Tax Lien Association? Is it worth it and is it reputable?First timer here and first post. I've learned so much from all of you, much obliged for all your wis...
Jason Yap
Tax question: Foreigner USA property financing options ? In Chicago?
Facts:Am a foreign national, currently I own 4 properties in several countries through a friendly foreign lender (HSBC).I Have recently reached the HSBC limit of 4 mortgages after a recent purchase of property.I am no...
Saulo Queiroz
Company owner with no W2..How do I get a loan?
Hello!As of November 2016 my electrical company was doing well so I quit my W2 job to work for myself. At the time I was working for someone else, I was growing my company on the side,and accumulating a few months of ...
Mengqi Jia
Claim RE Professional status with W2 from full time job
My partner and I working full time with W2s and our income is above the $150k limit. AFAIK We can not use the rental loss to offset our W2 incomes without RE professional status.I understand it is usually tricky to cl...