Francisco Solano
Private Capital Interest Allocation
Hi BP Community! I am actively working on sourcing and locking up fix and flip deals. These deals would have adequate equity in them. I am looking at 1-4 unit properties. The properties would be in a distressed state ...
Michael Plaks
Refinanced interest - is it tax-deductible?
This post is meant for my accounting colleagues - an invitation to debate, basically.Let's consider scenarios.1. (clear) You buy a rental with a $100k loan. Two years later, you refi into a new $100k loan with better ...
David Gale
VA Home Loan to Rental Property (Advice Needed)
Hey Everybody! **Posting in this thread as "Getting started" didn't generate the replies I was looking for.
Brief intro: while I was in the Marine Corps, I found BP and started absorbing as much info as possible. I s...
Ashly McGlasson
Potential inherited tenant behind on rent
We are supposed to be closing on on a property Nov. 22. The seller told us everyone was paid up and no one was behind. We did another walk though inspection with the current manager, and she informed us that one tenan...
Nathan Frost
Private Lender for Off Market Deals
Hi, anyone know any private lenders or how they go about finding and funding off market deals?
I have been putting 20% down on deals and it has caught up with me on repairs especially AC repairs and roofs.
Steve Matrix
Purchasing Willed Home Without Probate
Hello,
I will make this as short as I can. Eleven years ago, my dear and beloved parents helped me out tremendously by purchasing a home in which I've lived for just over 11 years now. I had a horrendous business pa...
Logan French
Using OPM (Friends and Family) for a Down Payment and/or Rehab
Hello!I am getting started in RE investing, specifically looking at multifamily properties. I am currently exploring my loan options and I am being told that money from friends and family, or "gift funds", cannot be u...
Asia Zdziarska
Should I set up an LLC in Arizona or California?
Dear BiggerPockets investors,
I live in California and am in the process of purchasing 4 condos in Arizona. I have been advised to set up an Arizona based LLC. Does anyone understand the pitfalls/tax implications of ...
Raul Salmeron
Issues with an LLC
Hi to all, I had an interview with an attorney real estate attorney in which it went well. The question I have for you guys is .. The attorney told me that I have to options to create a LLC entity and the first one is...
Binesh G.
Previous landlord not vacating - HELP
I purchased a property from homesearch.com with tenants in the property. After settlement I tried convincing previous landlord to vacate the property but no dice. I file "Pay or Quit" notice followed by an unlawful de...