Isabel Garcia
First home purchased on fha loan. Can we airbnb prior to move in
hello! My husband and i purchased our very first home on an fha loan. We are still obligated to finish out our lease in our current apartment in dec. We are toying with the idea of using airbnb full time till our actu...
Christopher Kolasa
[Owner Occ 2plx] Sole proprietorship/EIN for bus. bank & cc account, or wait for LLC
I acquired a duplex in December in Massachusetts and owner occupying, regarding setting up a sole proprietorship to gain a business bank and credit account, is it worthwhile to do so or wait to set up an LLC. Current ...
Edgar Ambart
Hello from San Antonio, TX (THE HOTTEST MARKET IN US :)!!!
Hello everyone,
My name is Edgar, and I'm an alcoho........oops wrong introduction lol.........jk....... :mrgreen: I'm a day trader and a real estate investor. Moved to San Antonio from Los Angeles and bought a bigg...
Colleen F.
Quick legal way to handle illegal lockout in Massachusetts.
My son's girlfriend who lives in Massachusetts was told on Friday by her landlord she had a week to get out. She is probably a 1-2 months behind on rent. She has NOT been evicted or given notice to quit officially bu...
Raquel Baranow
Capitalizing legal fees related to realestate lawsuit
Last year I had about $60k in legal fees, which I classified as a business expense. Should I have capitalized the $60k (or a part of the $60k)? I sold the land related to the legal-fees/lawsuit and am now going to hav...
Jason Patterson
Seller just wants to finance.
Ok about to make a offer on a very clean rental house that has been rented for 25 years by same renters. Owner doesn't want to sell out right because they don't want to show a big capital gain. They are interested in ...
Chad Gilchrist
Seller Worried about Capital Gains?
Hey BP hive mind! My wife and I are supposed to close on a multi unit (zoned as a 2 unit with a legal 3rd & bonus unit/in law) in Chicago tomorrow. Yesterday the seller (an older man who has owner occupied the pro...
Gerald Jordan
Business Partner Difficulty
Here is my proposed question for you to send at your leisure on my behalf to Bigger Pockets.
There are three women named in a Will to inherit a house in Panama from an Aunt. Female A and Female B are legal half-sist...
Michael Opdyke
Line of Credit as Buyer on Installment Sale
I am trying to figure out if it is possible to get a commercial line of credit on an apartment building that is purchased through a 100% seller financed installment sale. I know that as the buyer it would be in my bes...
Sherri Schmonsky
Stock gains into 1031 exchange?
I have publicly traded stock which I'd like to sell without getting hammered on taxes.Is there anything equivalent to a 1031 exchange which would allow me to roll-over capital gains from the stock sale directly into a...