Melissa Stanley
Starting with a Friend (LLC?)
28 January 2025 | 6 replies
Consider defining clear roles, ownership percentages, and responsibilities upfront, and ensure you’re protected if the partnership doesn’t work out.Since you already own properties, it might be worth consulting a CPA who specializes in real estate for advice on tax strategies specific to your situation.
Vidit Maini
Cracks Appearing in Condo – Normal wear and tear OR Structural Concern?
23 January 2025 | 9 replies
And the cracks mostly follow the drywall seams from what I can see, which is typical....And as @Patricia Steiner said, it doesn't look like a pro installation....You could ask the Contr to use a flexible compound if this happens again, or maybe even now...https://www.dap.com/products-projects/product-categories/pat...Like everyone else said, I'd have it repaired - by a licensed Drywall Contr. - and then just check in on it.
Loren Souers
Best deal for first time rental purchase
19 January 2025 | 8 replies
Doesn’t need anything to rent out again.
Chris Hertig
Tenant Living in Garage/Shop!
14 January 2025 | 4 replies
Start with a notice if that you are ending the lease (assuming it is month to month) and if he doesn't move, then start the eviction process.
Amir Portal
Help whit choosing a neighborhoods for BRRRR strategy
28 January 2025 | 10 replies
I could say a particular town or area, but if there aren't any, many properties for sale that doesn't help.
Jim Stanley
Anyone invest with a hard money lender (lend to them to get interest)?
25 January 2025 | 5 replies
That doesn't seem right about having to chase your money - but would need a lot more info to provide a better opinion. also are you investing in one property and is your name secured or you giving an unsecured loan?
Marc Robinson
Community input on a small mobile home park, distressed with high vacancy
13 January 2025 | 10 replies
Wants what he thinks is a market price for something but doesn't understand the albatross he has created over the last 20 years.
Kris L.
Agent Conundrum in Dunedin
23 January 2025 | 2 replies
(LOL, likely a paid co-branding snippet and doesn't do anything for you)3) We run "X" in ads to attract buyers!
Muhammad Kashif
Best way to optimize taxes for new construction of investment property (for flip)
20 January 2025 | 3 replies
A 1031 exchange doesn’t apply, but funding through a self-directed IRA can defer taxes, though profits from debt financing may trigger UBIT.To reduce taxes, consider forming an LLC for better expense deductions, offsetting gains with investment losses, or holding the property for 12+ months to qualify for lower long-term capital gains rates.This post does not create a CPA-Client relationship.
Jonathan Greene
Are the forums on BiggerPockets getting worse and worse or is it just me?
23 January 2025 | 52 replies
🤣Yes, the first post restriction is there but it doesn't do a whole lot.