David Slater
JV flip arrangement on the risk side? (i.e. ends up in the 'red'
Question re JV flip arrangement on the risk side. I apologies if it's covered already but I could not find this specifically in my search.We are looking at a property flip JV where 'Party 1', the investor, secures the...
Nick Lawler
Rental Income Taxes
I am currently house hacking and renting out a couple bedrooms to some Navy friends but do not have them under a rental lease, however, I collect rent on a monthly basis. I am not sure of how this will affect my taxes...
Randy Steele
Garbage Law in Washington State
A tenant provided notice that she is not renewing the lease and moving out, the building is a triplex, each tenant has separate entrances and parking areas. Her lease reflects that she will pay for garbage and electri...
Kristin McPherson
STR w/o renting to strangers (time share with friends & fam only)
A friend of mine told me about her parents' vacation rental arrangement, and this setup really appeals to me. It's basically a time share arrangement among close friends & family. As I understand it, one person ...
Kenneth Goldman
Chicago Meeting for Bigger Pockets Members?
Has there ever been a meeting for Bigger Pockets Members in the Chicago area? Is this something that could be arranged? How do I go about making it happen if people are interested?
Adam E.
Private Investor Obtained - Need Help With Property Criteria
This is only my second post on the forum, as such, if I posted in the wrong section, please let me know. I have both a private and a conventional investor. Here is my current arrangement: Local bank for 80% of financi...
Christopher Winkler
Who Pays The Bird Dog?
We are selling a property and a person tried to bring a couple buyers to us. One finally made an offer we grudgingly accepted, and he is refusing to pay the bird dog the $500 and expects us to pay for it.I buy houses ...
Richard Lindman
Self Directed IRA - Accessing for funding deals
Hello BP,Because of the rules, it is not possible for the owner of a Self Directed IRA to loan money to their LLC's. It would be considered a prohibited transaction.My solution is to find other investors with a Self ...
Yi Ke
Pay of debt with proceeds from current home sale before close?
*offI have a sale contract and looking to buy a new home, using part of the proceeds as down payment. I also have a personal loan that I want to pay off and will also help with DTI. For approval, is it possible to sig...
Debbie C.
Monetized Installment Sale - viable alternative to 1031?
Does anyone know how difficult it is to do a monetized installment sale as an alternative to 1031 for deferring capital gains taxes? My CPA and real estate agent don’t know anything about it, and I don’t know how get ...