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Hey everyone! BiggerPockets has been HUGE in my REI education development over the past couple of months. I've been learning so much, and I love the community here. I also listen feel like I listen to the podcasts ...
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The question is, how would the following scenario impact taxes when filing the tax return the following year?SCENARIOGrantor deeds homestead property worth maybe 20k to person A. After some time, person A finds that t...
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Looking to use a friend's money who is interested in investing to buy rentals and flips.
Two questions:
1) can I borrow money from him, like an unofficial hard money lender, without us being in an LLC together? He...
Hey guys,My wife and I are 24 years old and grew up in Austin TX. This city is way too expensive for us to even look for properties in. The best lender I’ve found approved is for a 120K FHA loan. We’ve been looking in...
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I m purchasing a home in Massachusetts and my offer just got accepted for my first multi-family. The home was built prior to 1978 and it is a two-family side-by-side. Currently, there are tenants at will and both unit...
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Privlo is a new lending platform that connects homeowners who can’t qualify at the bank, with private money lenders. But once the website actually launches, will Privlo be in compliance with new regulations under t...
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I have a tenant who has lived in my unit for about 12 years now. He recently had a stroke and is requesting that some changes be made to the unit to accommodate him. Things like widening the doorways to be able to get...
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Good morning/afternoon BP! I have a problem I don't know how to deal with. I'm unable to reach the laundry machine provider for one of the recently acquired buildings, they simply don't return my calls. I can't simply...
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I am currently in the Army station in upstate N.Y. and am looking at moving back home to Ohio. Since my time in service is almost up (about 10 months from now) I am trying to get everything lined up now. My philosophy...
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Is there an industry standard for serving a notice on a "non-monetary default" in a hard money loan? A private hard money lender and I have agreed to business terms on a loan, and our attorneys are on opposite sides w...