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Hi everyone,I need some advice. I set up through my attorney an LLC with a PO Box and street addressing. I did this many months in advance of closing on my first property, which took place on 9/30.Yesterday I picked u...
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Im trying to do a subject to deal in california. The owner has a rental property. He is 2 months behind on his payment, he has been renting it out for more than 4 years. He owes $300k on it and the area comps for $300...
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Good morning, I recently bought a property in Pennsylvania at Sheriff's mortgage foreclosure auction. I was bidding on a 1st mortgage. Recently I find out there was a State Income Tax Lien put on a property around 4 m...
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I have a number of private loans to me. I am paying interest on these loans, but since they are private individuals they wont be submitting 1099INTs to me.
How do others deal with this?
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Hello, I just inherited 3 houses and property, none have mortgages. I live in one. I want to maximize this by investing in real estate without selling. Looking for insight and advice. I have no experience in real esta...
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So I've been running into obstacles with funding an investment property. I am looking at a rental property, but all the lenders I talk to are requiring 20% down, which would totally drain all my capital. How are BPers...
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Several questions to CPA, lawyers or just those who might have better knowledge. For perspective, the property is located in San Diego, CA where I live also. 1. I was told and read that the property MUST be owned by t...
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I have many different opinions on the mgmt of property in your SDI.
I have been told the IRS does not allow you to be an on-hands mgr. If a small property (condo, SF, ) it does not pay if you have to hire a mgr. Any ...
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I wanted to share a great post with everyone from the BiggerPockets blog by Winston Westbrook, which details how to increase the odds your Freddie Mac / Home Steps REO offers will be accepted. Check it out and be sur...
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We have billed our tenants through Quick Books for several years. In August I unwittingly took on a "Professional Tenant" who is making my life a nightmare.His September rent was 21 days late. He insisted his paymen...