Just closed on Monday. The people who were renting out the side I'm going to be renovating/occupying left a bunch of stuff in it; couches, mattress, food in the fridge, trash in various places, etc. Not to mention the...

Hey biggerpockets family! First things first, thank you for clicking on my discussion. Any feedback is greatly appreciated! My grandmother has given me a single-family house to start my Realestate portfolio. I'm tryin...

Hey folks.  I created a LLC to own a vacation property in Virginia.  The LLC has 4 members.  Each own 25%.  We own the land and the house in the name of the LLC.  We have never rented it, and never plan to rent it.   ...

I have a colleague who is trying to help a friend. The father passed away in the rental property, the landlord changed the locks, May rent was not paid, and the family is trying to understand the process for gaining a...

I have a partner in an LLC that owns my property.  The mortgage note is in my nameWhat are the implications of refinancing the property in the partners name? Is that same as sale?  What are the tax implications? And h...

Hello all,I'm brand new here and brand new to the investment world.  I've been reading through here a lot and learning as much as I can before I jump in.  My question is not necessarily investment related but I'm stil...

Hi Everyone,For QuickBooks setup, should I setup a separate company for my rental and flipping business?  Both are currently operated within one LLC/Tax ID.

I am constantly warned about tax penalties due to selling a house you flip. I created an LLC that I'm going to use to invest in and flip houses. I was under the impression that only the money taken out as a draw would...

Hi all,My inlaws are considering selling their home that is sitting on 5 acres surrounded by 600+ acres of almond farm that was owned by MIL's father, that she is inheriting along with her 5 siblings. The farm is in t...

Do I need any licenses to wholesale  in Virginia .