Thien Luu
Help! Mid-Atlantic Appraisal Consultants NJ
Hey BiggerPockets,I need advice because I received a letter from Mid-Atantic Appraisal Consultants INC. I purchased my parents 2 family home by assuming their mortgage last October.The letter states I can be overpayin...
Henry Clark
Self Storage- LLC Operating Agreement
Along with creating an LLC entity and creating a "Certificate of Organization", you need to have an "Operating Agreement".Attached below is a redacted copy. Virtually anything can be written in to this agreement. Wh...
Amie D.
Unpaid Tenant Sewer Bill
Hi all,
I received a notice from the City that the last tenant in one of my SFR's located in IN has not paid their last sewer bill and they have been unable to reach the tenant about this. I have 30 days to p...
John Coulter
Does and HOA have to disclosure prior to trustee sale?
Hi, new to BP and love what I'm seeing so far! I'm an AZ-licensed RE agent and have a question that nobody seems to have an answer for (except possibly an attorney).Situation: Auction.com is having an upcoming forecl...
Robert Hamilton
LLC for Wholesale Double Close
I am fairly new to wholesaling. I would like to use an LLC as the purchaser, then assign my interest to the end buyer at the closing. My question is would I set up the LLC first having it on standby?
Cameron G.
HELP ME - Big Decision to make
Hi everyone. My name is Cam, I am 24 and live in Nashville with my wife. Long story short, I am currently a law student [also getting MBA], but I have decided that a career as an attorney is not for me. I am going to ...
Michael Baradell
Lease Option - Tenant/Buyer responsibility
Hey BP,I have been researching Lease Options and have been getting mixed reviews on who is responsible for maintenance on the property. Prior to doing research on lease options, I would have said that the Owner/Seller...
Ryan Garza
When can I begin to Write off business expenses?
Hello Community! I am just starting out in the real estate investing world and am currently looking for my first investment property. I'm planning to form a LLC as soon as possible. My question is, as soon as I for...
Bryan Hancock
Is The Tax On Inflation Tax Really A Regressive Tax?
Bear With Me...And Please Forgive My Tax Maze Ignorance
My understanding is that the basis of investments is stepped up at the death of individuals who execute transactions in a tax-efficient manner. For instance, t...
John Pruner
Tax questions and LLC questions
Hi,
If I buy a small buy-and-hold SF property, what is the reason to do it through an LLC? I guess I can deduct depreciation and write off mortgage interest whether or not I use an LLC. However maybe I can on...