Omar Williams
using equity in existing portfolio
Hello Bigger Pockets!
I possess a substantial equity portfolio exceeding $2 million; nevertheless, certain financial institutions exhibit reservations regarding the utilization of equity as opposed to readily availab...
Kathleen Dylan
End of Lease: Responsibility of tenant for return of Deposit?
Tenants are leaving after 18-month lease. What must they do for return of Deposit? Return property to same condition when the lease began? Clean? Paint? This is my first rental and tenant and I'm meeting with them tom...
Mark Forest
First eviction - no money damages
I am a Michigan landlord, and I finally had to go forward with an eviction. We attached the Notice of Eviction to the rental property door and mailed a copy of it to the tenant. After the prescribed 7 days we receiv...
Eric Fiedler
What To Do With Slacker 1/8 Interest Owner That Doesn't Want to Sell, But 1/2 Interest Owner Does
This is an abbreviated soap opera: There's a house that I'm interested in purchasing; however, there are five interests in the property: 1/2 interest, 1/8, 1/8, 1/8, and 1/8. The first owner of the home had a debt she...
Justin Silverio
LLC w/ S Corp Election vs. C Corp w/ S Corp Election
There have been a couple of posts about this in the past but no definitive answers came out of them. My question is why would someone set up an LLC and elect to be taxed as an S Corp instead of just taking the S Corp...
Arthur Mayer
How would you make money in this scenario for a non-performing 2nd
So here is the scenario:First Lien is $150,0002nd Lien is $40,000FMV: $80,000Borrower is 120+ days late on both mortgages and is in Chapter 7 Bankruptcy.Assuming the Property Taxes + Late mortgages there is about $20,...
Nicole D.
Property with tax lien/ water lien and owners died.
There is a vacant property where both owners are deceased and the family is not interested. The family lives around the corner from the property, they neglect the property and refuse to talk to me. I've given my busin...
Rehaan Khan
HOW DO I AVOID PAYING UNREASONABLE HOA FEES?
I had recently bought an occupied condo in foreclosure auction. The previous owner is still living there. I went through all the legal steps to get possession & recently won a judgement of immediate possession. Ho...
Christopher Grandmaison
Loan options after quitting my job.
Hello BP friends!
Rookie and first time buyer here.. I really could use some advice/guidance for the predicament I am in. I just quit my w2 job in hopes of purchasing my first invesent property. I have 110k at my ...
Jean Bolger
1031 exchange: land contracts?
Can you do a 1031 exchange into a property you are buying through a land contract? I am asking this because (as I understand it so far) you do not actually take title to the property with a land contract until the no...