Clark Spalding
Legal proof for creative finance in KY
22 April 2024 | 4 replies
Initiating a conversation with a seller by presenting an offer under these terms can raise concerns, signaling, "I lack funds and need a favor."
Mojgan Azar
What would you do?
23 April 2024 | 14 replies
It's important to do your homework and think about your personal risk tolerance and long-term goals.Good luck!
Ben Capone
Setting Up a Property Management Company
23 April 2024 | 2 replies
Thinking about setting up a property management company to use for my rentals to show the income as part of the management company rather than personal finances.
Martin Guerrero
Have had several inquiries on AirBnb to rent for greater than 30/60 days.
23 April 2024 | 44 replies
Personally I find that a red flag unless they have a good reason.
Sandra Kim
Urgent - FIRPTA Nightmare - Title company won't write check to IRS
23 April 2024 | 6 replies
Accounting firms typically have nothing to do with this process unless somehow the title company subcontracted the preparation of the 8288 to them (which really isn’t necessary as it doesn’t require tax expertise, only familiarity with the FIRPTA procedures in general, which any title co who’s worked with a sale by a foreign person would likely know).This is indeed a weird situation and it definitely is unsupported by any authority in the code and regulations to send the withholding tax amount to an accounting firm acting as a middle man for the IRS unless they somehow expressly made an agreement to do so.Good luck with that
Matt Hosch
Jumping into Real Estate
23 April 2024 | 7 replies
House hacking will also give you some personal "property management" experience.
Kingsley Michel
Places to invest in/around Detroit
21 April 2024 | 11 replies
This deserves a further conversation.
Jason Lohse
Not Required to Accept Second Late Payment?
22 April 2024 | 15 replies
I've had to sometimes have conversations with tenants that let them know that if their actions force me to start eviction processes it will be near impossible for them to rent another place.
John Shotton
Impact of recent ruling on buyers agents going forward
23 April 2024 | 1 reply
I also received my broker's license tho (solely to become more knowledgeable while making personal real estate investments), but I don't see their logic, so I figured I'd turn to BiggerPockets to help me better understand what's going on.
Ryan McCaw
What's the best approach to buy out LLC partners in a rental property?
21 April 2024 | 2 replies
Have a conversation with your partners and mention to them that you are interested in buying them out.Make sure to factor in closing costs on the future sale in your offer.