Account Closed
Currently have a CA LLC - should I open a new LLC for TX property
Hi Bigger Pockets Family,
I currently live in CA and own a duplex in a CA domestic LLC. However, I’ll be buying a few rental properties in TX, and I’m not sure whether or not I should open a new TX domestic LLC (and ...
Keith Thompson
Tax Lien Foreclosure & Lifting the Bankruptcy Automatic Stay
I’m headed to BK court next week to petition the court to lift the automatic stay, thereby permitting me to resume/conclude foreclosure on a tax lien certificate in Maryland.The property is an investment for the owner...
Paul A.
Taxes not paid prior to purchase
Hello All,I purchased my first rental property last June. Taxes are due twice a year here, and I just found out that the taxes were not paid on this property that were due in April 14. This was before I closed on the ...
Nicole Wahl
LLC Taxes
If i've filed personal taxes and listed my LLC as self employment is that all the filing that I need to do since LLC's are pass through tax entities?
Sing Ho
Trying to collect back rent and damages from evicted tenant
I PM just recently just evicted a tenant that has not paid rent for over 6 months and have damages to the property that could be in the range of 6-7K. I am asking if I should have the PM try to collect from tenant thr...
Michael Plaks
Crypto warriors - beware!
The IRS is catching up. Quote from the official announcement below: "Virtual currency is an ongoing focus area for IRS Criminal Investigation."https://www.irs.gov/newsroom/irs-has-begun-sending-letters-to-virtual-curr...
Nancy Parris
Introduction - Boston area
Hi All, I'm new to the group in the greater Boston area. I am absolutely enthralled with the podcasts that were produced by Bigger Pockets, they are awesome! I've been a member for less than two weeks, but I'm already...
Andresa Guidelli
Probate
Quick question for the probate experts out there.
I found a vacant property located in a great area where we are currently investing. I tracked the owner down. Sent yellow letter (vacant property and mailing ...
Jordan B.
Property Tax changes
Hello All,When analyzing a rental property, I often find myself playing around with the purchase price to see what price the house will produce a decent cash flow. If I manipulate the purchase price do I also have to...
Omer Zakai
Going over an inspection report
Dear fellows investors, After a few weeks of searching, I finally got my first property under contract ( Whee!!), a 3BR/2bathrooms townhouse in Birmingham, AL ( C+/B- area). I got it for $115K and the estimated rent ...