I need a document to secure a loan I made to a property owner, granting me a security interest in the property and establishing the terms of the agreement. I don't want to trigger transfer tax with a deed or mortgage,...
We have investors who would not qualify for a REIT, but they have money to go into an LLC that I own and to do buy and holds with me. I will maintain XYZ% of the LLC and sell off portions of it to them. From a forming...
I’m getting ready to close on a house that has a current tenant that’s renting at a month-to-month. When I take possession of the house should I require the tenant to provide a security deposit even though they’ve alr...
I purchased a home from a previous owner with tenants in place. I was never given a security deposit by previous owner and tenants have vacated the property. Who owes the security deposit?
Hi Biggerpockets Gurus and Credit Experts, need some kind advice. I was wondering how can a out-of-country Non-Resident Alien with no credit rating, work around to build a credit rating? Currently due to COVID, flight...
Hi there Bigger Pockets, was pointed here by a friend on this one as a resource.
I hate attorneys. Working with one on a possible commercial venture and they seem to think it's a security based on an "efforts of the...
I've heard several comments about how "pro tennant" Massachusetts is and that it might turn off investors. I've been reading the laws governing the tennant/LL relationship and it seems to me that the most sticky topi...
The IRS is catching up. Quote from the official announcement below: "Virtual currency is an ongoing focus area for IRS Criminal Investigation."https://www.irs.gov/newsroom/irs-has-begun-sending-letters-to-virtual-curr...
Hi all, I’m a brand new BP pro and am excited to be closing on a triplex in a few days. I am in DD and will be inheriting tenants for the first time. I found out that the seller did not require the tenants to pay a se...
I am in the process of buying a house that are friends of the current owners. They are on a month to month written lease with no deposit.The current owners said they have been good tenants with on time payments. The...