In a situation where a property is damaged or lost due to a fire, and there is an insurance claim payout that is above and beyond the mortgage principal… Curious to hear, what would be your strategy...
Question, is it better to open your business bank account in your LLC for your property or a personal account. I closed on my first investment property, starting my LLC to transfer my home in it within the next few da...
Marty Granoff mentored me informally in the Note space. We met as I was a prospective client selling part of a business note I owned. I've been mentored by him over the years and we've transacted on deals along the ...
Was reading a blog post that indicated that if you own a property in an SDIRA, you cannot sell the property until you are 59 1/2. Is that wrong/misleading? I would think you could sell the property as long as all of...
I have a unit in Birch Bay, about 1.5 hours outside Seattle. The upper unit is leaking into my lower unit master bath. The walls have been opened up and this has been determined to be an HOA responsibility. Since N...
My husband and I locked up a portfolio of 5 SFHs, 2 duplexes (one is a tear down) and 4 buildable lots (1 commercial). The seller was sick and most of the properties are in livable condition but need repairs and rente...
I manage my own properties and I have a maintenance man who takes all the emergency calls. I have one particular tenant who will continually make nonsense calls all hours of the day and night. She will call from unkno...
Hi everyone, tax question here.I have a family friend who is selling their long-time business, resulting in a nice paycheck for them, but also missing out on a lot due to capital gains tax. Obviously a 1031 exchange ...
Hey! We're about to close on our first rental flip. I've been doing some reading about the 1031 exchange but still have questions. Do we have to reinvest all of our profits in order to not get taxed or can we just rei...
Hi BiggerPockets community,
I’m new to real estate investing and excited to learn! I currently own one property, and I’m planning to purchase another. I’m trying to decide whether to rent out my current home or the n...