Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Charlie Chelnik Best software to automated ACH payments from Tenants
11 October 2024 | 2 replies
I was hoping to gather recommendations from the community both for a service that allows automated ACH billing without the additional property management software suite and also services that include these additional features that you might recommend we consider.
Brian Phor Setting Up a Parent/Foreign Wyoming LLC
12 October 2024 | 7 replies
@Stuart Udis yes, if they think it provides additional protection/ anonymity during an actual lawsuit, they would be sadly mistaken.
Carrin Johnson Bill Summary: AB 1771 The California Housing Speculation Act: Impact on Fix and Flip
11 October 2024 | 2 replies
Assembly Bill 1771, also known as the California Housing Speculation Act, aims to change real estate tax policy to discourage investors from quickly reselling properties like single-family homes.Under the proposed bill, an additional 25% tax would be imposed on the gain from the sale of a qualified asset (including homes) within three years of the previous sale.The tax reduction is dependent on the number of years passed since the initial purchase of the qualified asset, ranging from a 20% reduction for sales occurring between 3.01 to 4 years to a 100% reduction for sales occurring more than seven years after the initial purchase.The revenues generated by this tax increase would be deposited into the Speculation Recapture Community Reinvestment Fund, which aims to support affordable housing, local governments, schools, and infrastructure projects.The bill is introduced by Assembly Member Ward, and the proposed tax changes would take effect from January 1, 2023.Assembly Member Ward argues that short-term investors in the market, including fix and flip investors, contribute to rising housing prices, limiting opportunities for Californians to purchase homes.While the bill may discourage short-term speculative transactions, it is worth noting that California's tax laws still provide certain advantages for investors, including unlimited tax write-offs and depreciation benefits.The bill is subject to legislative approval, and Assembly Member Ward will speak publicly about the bill at the San Diego County Administration Center on a specified date.Please note that this is a simplified summary of the bill and its potential impact on fix and flip investors.
Dave Charron Getting sued for guy falling off roof
11 October 2024 | 2 replies
He should be paying into workman's comp and be the experts in evaluating the level of risk.Do you have an umbrella policy in addition to the property’s policy?   
Mitchell Krotz Dscr Loan New Construction
17 October 2024 | 23 replies
Yes, would love any additional information. 
Rebecca Morris Extremely new at all of this
14 October 2024 | 14 replies
I believe for an additional fee you could retain access to the replays forever but replays for 30 days were included in the $47 cost so I wouldn’t waste my money on forever.
Account Closed 12 Questions to Ask Tenant References
11 October 2024 | 1 reply
Your options in this case are to:Decline their application.Accept them without references and take the risk, assuming everything else about them is stellar.Require a co-signer.Require an additional security deposit if that is allowed in your specific state.The option many landlords choose is No. 2: Accept them without references, asking for an additional security deposit.
Jackie Liu Concerns about Prospect's employment
11 October 2024 | 8 replies
The prospect primary job is in apartment property management, but that job doesn't cover our 3.5x income requirement, the prospect has picked up 2 additional jobs that were really recent like this month and last month and one of them is the one I'm currently talking here about.
Michael Ndjondo makadi Gas tankless vs tank water heaters
13 October 2024 | 12 replies
The only thing that is stopping me is that I will most likely need to upsize my gas houseline to a bigger pipe since tankless wh require more BTUs, and my water heater is at the other end of my gas meter.Another thing to note is if your existing gas service can handle the additional tankless water heater loads.
Tyler Lingle Did you use a lawyer to set up your LLC?
12 October 2024 | 12 replies
In addition an attorney can be a great counselor when you first start the business because they can explain the ins and outs so that you don't end up comingling and allowing the corporate veil to be pierced.