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+)
Chris Seveney Quit Your 9-5 Job!!!!!
2 June 2024 | 2 replies
The chances of you quitting your 9-5 and doing real estate full time and being successful is similar to the photo below where everyone at the top in the crowd is thinking they can do it, and there is one person for every few thousand that can do it. 
David W. L.A. Resident Commercial Investing Advice Needed
3 June 2024 | 9 replies
I personally own properties in the counties of Orange, Los Angeles, Riverside and Kern.
Jimmy Rojas $30k liquid cash, about $90k tied up in vehicle investment, self employed no W2s.
2 June 2024 | 3 replies
You're income certainly isn't "normal" and some banks might shy away but this is a personal business and if you have a track record, I think you can find a bank to say yes.
Kristi B Leonard 30 day notice
2 June 2024 | 1 reply
Can I give a tenant written 30 day notice on June 1 (in person or taped to the door) for move-out on June 30? 
Kristine Dekreon Doing the footwork in Detroit so that you don’t have to
2 June 2024 | 1 reply
I used my personal cash for both , but I’m looking to purchase more with lending.
David Zimcosky Building a rehab team
2 June 2024 | 19 replies
If you could go in person that helps. 
Eli Joffe Brand New Investor
3 June 2024 | 13 replies
Becoming a landlord is more work than the average person thinks.
Lacye Martini Can I rent my ADR to one of my LLC's to use as an office?
2 June 2024 | 2 replies
LLCs offer no tax benefits, they mitigate liability and the fact that this is on your personal property and you'd be renting to yourself, there's no liability to mitigate.
Nathaniel Jones What's Next on Acquiring more???
2 June 2024 | 1 reply
It has not been well maintained over the last 19 years with a string of just bad renters and the person I had managing it just didn't do good quality repairs or work to it. 
Daniel M. Seeking Advice on Handling Mortgage Payments for LLC-Owned Property
1 June 2024 | 3 replies
I would prefer to manage everything through the LLC's account for bookkeeping and tax purposes.Proposed Solution:Open a new joint personal account specifically for making mortgage payments.Transfer the monthly mortgage payment amount from the LLC's business checking account to the joint personal account.Document these transfers as "Owner's Draw" or "Owner's Distribution" in our accounting records.Use the joint personal account to make the mortgage payments.Questions:For the CPAs and accountants out there:What are the tax implications of this approach?