I'm trying to understand the rules for stepped up basis on a house owned as joint tenants with right of survivorship.Specifically, this is for joint tenants that are not married.  Let's say that my mom added me as a j...

After our first flip (in Central Illinois), the contractor submitted an exorbitant bill and then a Mechanics Lien. I went the legal route and hired an Attorney. Now on Aug 1st my attorney submitted a Motion to Dismi...

how to deal with tenant leaving before contract expiration due to military/federal transfer? are there exceptions to consider?

In June, I purchased a house at a county tax sale.  It ended up being beyond economical repair, so I sold it to a local investor at a loss.  I sent him the quit claim deed the following month and received payment.  A ...

Hello BiggerPockets community!My friends and I are planning on a real estate venture and we would like some advice and, or insight on setting up our partnership. We are aware that it is highly recommended not to partn...

I have a client who was in contract on a small investment property in which he found a company that would "broker" the relatively small 50K loan. (80%) There was a number of red flags and horrible communication.... To...

Currently, I have two rentals with on-time paying tenants.  No hick-ups during the pandemic in 2020 or 2021, monthly payments received on time.  Rent was not increased during this time as well.  Now, we are in 2022 an...

I am looking at retirement of my day job before the traditional retirement age.
sometimes I'm freaking out about it. :) 
Knowing that I have
enough saved in the stock market to pay all my debts should make me feel ...

What advice would you give someone who owns a property but does not live in it. The owners address on their drivers license shows the property address and voting card shows that address. However, the own did rent this...

Hello all,I have been operating as a sole proprietorship for my wholesaling business and I would like to get set up with an LLC and work with a recommended real estate expert CPA, or get it set up through a real estat...