Anna A.
Big Bear Lake Short term rental
Good morning BiggerPockets community. We have a cabin in Big Bear Lake. We initially had it fully managed but now we decided on doing it ourselves. Any advice and/ or guidance you guys can share, we’ll greatly appreci...
Mohamed Nagoor
Capital Gains question
I'm trying to better understand how CG works.example:I lend 100K to my LLC. Purchase a home via the LLC for 70K. 30K expenses ( includes rehab, travel, realtor expenses etc). I sell the home for 140K. Payback 105K to ...
Jason Porto
Rental Calculator vs. Owner-Occupied Multi-Plex
When analyzing a multi-plex for an owner-occupied situation, how do people account for your (the owner) slice of the rental income? Do you:A) Consider yourself a "renter" for the purposes of the monthly rental income ...
Paul K.
Hold Harmless Document Signing Request
As a seller in the transaction, I was just asked by the closing facilitator to sign a hold harmless document requested by the closing attorney. I’m not clear on what this is for since this was never requested the last...
Mark S.
Placing Primary Residence in Living Revocable Trust
Hey Guys,I would like to place my primary residence into a revocable living trust in order to avoid probate in the event of my premature death. I don't want to leave a mess to my heirs. Most of my other property wil...
Anthony B.
Attorney costs for contracts
I have been calling around inquiring how much it cost to form contracts necessary for wholesaling. The least expensive rate so far is $175 an hour at 3 hours minimum charge. I called another attorney who was more savv...
Jim L.
below-market deals and "undue influence"
A sale contract can be voided, at the seller's discretion, if the seller was "unduly influenced" by the buyer. As I understand it, "insufficient consideration" (e.g., purchase price well below market value) alone can...
Neera Melwani
Insurance Coverage Issues w/ LLCs
Has anyone come across any issues with insurance being enforceable if they transfer over a property from a personal name to LLC with a loan on it? I'm aware of the risks and implications of the due on sale clause, but...
Brianne Dylla
Multiplex - 4 units Residential/Commercial
Hi,
I am looking to invest in an the construction of an apartment building on a lot that I own. I read that 4 units are considered Residential, but 5 units is considered commercial. If I build 2 four-plex buildings, ...
Cassidy Burns
Choosing Between Financing Venues
Hi BP,Quick question: I have a duplex under contract, have found 2 different banks that will finance this for me. Both very similar rates and packages offered. How do I go about choosing the best option? I obviousl...