Kyle Scholnick
Pay Yourself Rent? The Battle of Schedule C vs E
Are there any rules and regulations from IRS on paying yourself rent if you own an office building and your unrelated business uses that location? By doing that, it would put passive income on schedule E as opposed to...
Matt Corrado
Collecting Rent Online/Direct Deposit
Hello fellow investors!
Trying to figure out best site to collect rent electronically from tenants, snail mail being 2nd option. Cozy, Zumper, Rentmatic, etc I've seen, but would love to know personal feedback from ...
Sam Clemons
Do these closing costs seem high?
The total loan is 135k for a 180k property. The loan originating fee of 3.4k seems high. My closing costs are almost 9%. Does this seem normal?
A. Origination Charges$3,412.5001 % of Loan Amount (Points...
Eric Smith
Judgment Against Lender
I'm looking at an O&E Report with a judgment on the lender from the city. The case number from the Certificate of Judgment doesn't exist on the county's website although 4 other judgments against the lender by the...
Michael Rossi
Once in a Lifetime Opportunity - NOT!
How many times have we seen posters claim that NOW is a once-in-a-lifetime opportunity to buy property? Well...NOT SO FAST. Here's an excellent article that discusses why real estate prices are headed lower:
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Derrek H.
Using my LLC to sell a house to my spouse - anyone heard of this?
Hey BP Community,
I saw a video on Youtube by a BRRRR investor who said he was able to get money out of his BRRRR in just TWO MONTHS with his strategy. The LLC he controls bought a property for $140k and put $15k of ...
Account Closed
Title transfer to child and capital gains tax question
I purchased a condo 2 years ago for 50K. My daugter has been living there ever since (so 2 year residency requirement has been met)Now the property is worth about 70K. I would like to transfer the title to my daughter...
Erik Williams
Should/Can I transfer my Multi-Family property in an LLC
I am currently under contract to buy my first Multi-Family (4plex) property and actively looking for my second property. Because of 1031 exchange rules, I have to make the purchase of the property under my own name, ...
Stephen Davenport
New Member: Military originally from New Jersey
Hey everyone, I've been lurking/checking out Biggerpockets for about 6 months now and have been just trying to soak up as much knowledge about the buy and hold technique. I'm currently serving overseas in the military...
Golriz McDowell
Transfer 401K to Self-Directed Roth IRA
Looking for a good Company to Transfer My 401K to Self-Directed Roth IRA in SoCal. Any suggestions?