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Results (10,000+)
Reagan Clo Showing property title as proof of ownership concerns
1 May 2024 | 3 replies
@Reagan Clo sounds very suspect, especially as it’s usually very easy to check ownership through online public records, unless you own them in a LLC or trust where your name is not in the title, which you usually do for privacy, not to then hand out copies to strangers.
Cara B. If you had unlimited funds, and lived in Los Angeles, what would you invest in?
30 April 2024 | 21 replies
Get that outlined so you're able to play ball in the field and not get played.I invest on the side in private & public debt, take the interest payouts and buy into private & public equity and more RE.
Yoav Gilad Creative deal flow... what are YOU doing to maintain or increase your growth?
30 April 2024 | 12 replies
This means looking through public records for probate cases and divorce cases.
Amir J Reichental Which address to use when buying a property under LLC?
30 April 2024 | 9 replies
Hey @Amir J Reichental, There are small pros and cons to this: Home Address:Pros:Privacy: Providing your home address keeps your personal information private, as it's not tied directly to your business.Convenience: If you're already receiving mail and other communications at your home address, it may be more convenient to keep everything in one place.Cons:Risk: Using your home address exposes it to potential risks associated with the property owned by the LLC, such as lawsuits or creditors targeting your personal assets.Tax Implications: Depending on your jurisdiction, using your home address could have tax implications, especially if you're claiming any tax benefits or deductions related to the property.LLC Address:Pros:Asset Protection: Using your LLC address helps separate your personal assets from your business assets, providing an extra layer of liability protection.Business Image: Using the LLC address for business-related documents can help establish credibility and professionalism for your company.Cons:Public Record: LLC addresses are often part of public records, which means they may be more accessible to anyone who wants to find information about your business.Mail Handling: If you don't have a physical presence at the LLC address, you'll need to ensure mail forwarding or a reliable method of receiving important documents.Ultimately, the decision depends on your specific circumstances and priorities.
Claudio Garcia Zuniga Any tips and tricks to building on new land?
30 April 2024 | 2 replies
Talking to Planning, Building & Safety and Public Works at the city. 
Jayne Segman Home purchase question
30 April 2024 | 3 replies
Is it a public thing. 
Engelo Rumora IRS Is F@#$ing Me. Please HELP!
1 May 2024 | 16 replies
Reach out to some EAs or CPAs on this board privately and ask if they take IRS representation cases.BP rules prohibit us from contacting you, publicly or privately, even though you asked for help.
Christopher Jason Lloyd Wholesalers required to have license in VA
30 April 2024 | 54 replies
Agian, the terms you use are totally irrelevant to the law, if more than two times a year you post on any public place that you are looking in anyway to be compensated even theoretically for a dollar for anything having to do with a real estate transaction and don’t either have clear title to that property or are properly licensed would in my reading of that law be in violation.
David Ounanian What financing options are available for real estate investors?
30 April 2024 | 2 replies
Here are some common financing options:Traditional Mortgage: Obtain financing from banks with a down payment, paying off over time with interest.Hard Money Loans: Short-term loans with higher interest rates, often from private investors, suitable for quick acquisitions or credit-challenged investors.Private Money Lenders: Individuals or groups offering direct loans, with terms negotiated privately.Seller Financing: Buyers make payments directly to sellers over an agreed period, with terms negotiated between parties.Home Equity Line of Credit (HELOC): Borrow against existing property equity with a revolving credit line, typically offering flexibility.Real Estate Crowdfunding: Pool funds with other investors via online platforms for various real estate projects, offering diverse investment opportunities.1031 Exchange: Defer capital gains taxes by reinvesting sale proceeds into similar properties within a specific timeframe, useful for tax optimization.REITs (Real Estate Investment Trusts): Invest indirectly in real estate through publicly traded companies, offering liquidity and diversification.Joint Ventures/Partnerships: Collaborate with other investors to share resources and risks, leveraging each other's strengths for larger projects.Subject To Financing: Buy a property subject to the existing mortgage that's in place on the property (doesn't get paid off when the property sells).Assumable Mortgage: Buy a property and assume the mortgage that the seller already has in place.Lease Option: Rent a property with the option to buy it prior to a later date.Debt Service Credit Ratio (DSCR): A loan approved based on the income potential of the propertyThese options cater to different investor needs, preferences, and financial situations, providing flexibility in real estate investment strategies.Thanks,
Steve K. Question on Cap Gains taxes/ Section 121 Exclusion
29 April 2024 | 5 replies
If she sells the property before that date, she would not qualify for the full exclusion unless she meets certain exceptions such as unforeseen circumstances like job loss, health issues, or other qualifying reasons outlined in IRS Publication 523.Regarding prorating the exclusion, unfortunately, there's no provision in the tax code for prorating the exclusion based on partial years of ownership or residence.