Nick Brown
Mortgage company pulled a switcharoo
12 November 2021 | 3 replies
Today at 4:45, I get a call from the mortgage company saying that “corporate” is now requiring 15% down because this will be an income-producing property.
Rocco Swinney
Tenant home for repairs?
15 November 2021 | 14 replies
We don't go to every routine plumbing call or no heat call at this point, but we keep detailed notes of how the mechanicals work at each building so that we can trouble shoot virtually.
Nikk Wong
Entering into an LLC with a friend to buy an expensive property
16 November 2021 | 14 replies
The area is desirable; and the lot may have other revenue producing opportunities.
Geoffrey O'Brian
Contributing a property to LLC with deveoper triggering a 1099?
1 January 2022 | 2 replies
That was okay with me, but now escrow is telling me the "sale" of my property to the LLC will produce a 1099 to the IRS, showing the current market value.
Angela Pipitone
1st Investment Property in Contract - Advice with Insurance
9 December 2021 | 2 replies
An injury/lawsuit that involves a child typically produces the more high-dollar claims
Angela Pipitone
1st Rental Property / Insurance Question
9 December 2021 | 6 replies
An injury/lawsuit that involves a child typically produces the more high-dollar claims
William Keith Smith
Can I deduct new appliances if I donate my old ones?
8 December 2021 | 2 replies
Seems a little sticky and I don't want to get in trouble over a Kuerig.Thanks for any insights!
Brian Kempler
What percent of rent is a good rent credit?
9 December 2021 | 6 replies
There is only one percentage that you should use as a rent credit when doing a LO...and that is,....0%.Don't give any rent credits, You're asking for trouble.
James Hedgecock
Non-cash partner - Taxable Event?
2 January 2022 | 13 replies
All comments are welcome as I hope this thread helps others that might struggle with this concept and otherwise get themselves into trouble with the tax implications.
Devin Bischler
New to BiggerPockets
9 December 2021 | 2 replies
My goal is to become one of the top producers in my area and also build long term wealth.