Peter Halliday
Exit Strategies for Borrower in Bankrupcy
I’m wondering what the exit strategy is for a borrower on bankruptcy. I was reaching up to follow up with a seller I’d bought a note from. He asked me if I’d be open to a note in bankruptcy. I realized that I don’t ...
Matt Said
Can you 1031 a property from an existing LLC to a new one?
Currently have a Wisconsin LLC with 3 MF properties, we are currently selling 1 (but likely all 3) with plans to move the funds to invest in the South. Our CPA advised that it would be best to create a 2nd/new LLC in...
Tyler Jahnke
Well, That FLIPPING sucks! Taxes and expenses?!
Hello BiggerPockets!A few things:1. I have no experience flipping a home, but see myself doing it within a couple years.2. I'm always looking to soak up as much knowledge as possible.SO...You found a property, you fix...
Joshua Rogers
Return the Deposit
To keep this brief, I will simply highlight that a tenant agreed to another 6 month lease beginning in January 2015 (agreed via text...perhaps not the most legally binding, but nonetheless). They decided to move this...
Lue Brooks
Tenants leaving early. Not paying last months rent. BEDBUGS?
I recently have experienced my my first move out. The tenants left a month early. I told them that they are still responsible for the last months rent but I would find a new tenant to replace their time to help them s...
Marvin Miller
Property management needed or not.
I have an existing construction business. Looking to get into buy-and-hold real estate. I had a realtor tell me today that he would advise against using a property management company if I have a loan on any properties...
Sam Kang
first home (noob) as investment property
My first post! thank you BP. I was planning on buying a house next year with my savings until I found BP and other RE channels. Performing Asset vs Liability.1. I am 35 from nyc have about 200k in cash savings, making...
Samuel J Claeson
Inherited Lease Agreement/Security Deposit
Hello,My wife and I recently purchased a Triplex in Minnesota and inherited tenants in each unit. Since we purchased the home using an FHA loan, we are required to occupy the home for one year. Therefore, I had to g...
Jorge Vazquez
What are the most significant advantages of buying rentals?
The first one is passive income. Perhaps the most significant benefit of owning rental properties is the passive income you get because your involvement is very little, and you continue getting that cash flow monthly....
John Spurlock
Breaking it Down: Generation-Skipping Transfer Tax
Among confusing legal concepts, the generation-skipping transfer (GST) tax is at the top of the list. Because of its complexity, many attorneys lump it in with concepts such as the rule against perpetuities—topics tau...