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What exactly should I know before talking to a motivated seller ?
Hello - My rental property has been rented for most of last year. In the middle of the year we moved it from our personal names to an LLC. The LLC was opened up in both my name and my husbands. Do we file one LLC and ...
I found this forum searching for information on Schedule E and owner occupied rentals.I'm confused about some of the finer points of renting a room in an owner occupied rental. This isn't my situation, but one of a fa...
In just two weeks, there's this really cool event taking place called the BiggerPockets Real Estate Investing Summit. The lineup includes 31 speakers, 25 sessions, and it looks like we've got over 300 people attendin...
Hi all
I am writing for an advice. I am new in bigger pockets and finally got educated!!! . about 9 years ago we bought a small SFR 3 bed- 1 bath Harper Woods, MI 48225 through a self-directed IRA and schedule 8 te...
Hello BP community. I have 2 rental properties. One shows profit, and the other shows a loss. My accountant says that I can't deduct the losses because the "standard deduction" is higher than my losses. So there is n...
If I sell my relinquish property under my name and I do a 1031 Exchange also under my name, can I change my 1031 name into a LLC without a penalty? Should I put my requish property under LLC before I do a 1031?
If I have been taking a loss as the house is empty while it's on the market. Will it hurt my chances to get another loan this year as my schedule E will show a slight loss on paper once the units are all averaged. The...
HI All,I have been using deal machine to send postcards to distressed properties.A homeowner contacted me expressing interest in selling her home to me.I'm not really sure on what the next steps are? I'm assuming talk...