Mark S.
Renting to Mom - Tax Strategy
Mom is getting older and it likely makes sense for her to move out of her house. She is retired and her income is low. I'm exploring the possibility of buying a house and "renting" to her. Trying to figure out the ...
Evan Keturakat
Buying a vacant home of my parents (paid for) with my R.E. LLC
Hello BP! I am a real estate investor looking at a new opportunity and is looking for some advice..The Deal: My mother has a rental home that has sat vacant for most of the last 10 years. The home is paid for but need...
Derrick McAdam
How to credit card hack
Hey biggerpockets community. I was very interested in the concept of credit card hacks. This week on the podcast it was mentioned how an investor used his credit card rewards for flights. I would love be to hear more ...
Matt Ryan
What "Personal Touches" Do You Offer Your Tenants?
Greetings!
Like many BPers, I own a few rental units (2 4-unit buildings) and manage them myself. I run my business professionally, I take good care of my properties and like to think I treat my tenants well. I belie...
Chris Butler
Sending gift cards to tenants
What do you think about sending gift cards for the holidays to tenants?Last Christmas (2018) my buddy and I sent out dinner gift cards to the tenants. I also did this for my tenants for Christmas in (2019). The idea i...
Sayoni Banerjee
Do you do gift baskets for your tenants?
What do you do? I would like to give my current renter a gift for the holidays ; and a week HND gift basket for my other one - but no idea what to put together. Thank you in advance for your thoughts and replies...
Terry Sargent
Seller‘s Deed Not Properly Transferred
Hello,
I have a lead on an Indiana property that is well-under market value. However, I’ve run into an issue regarding the deed. To add context, here is the situation:
The seller was gifted the property in question,...
Jeremy Bohnett
Partnership Deal while LLC is being opened
Hi everyone! I'll try to make this as simple as possible.My business partner and I are opening up an LLC in Arkansas but the process is held up for 2-6 because our registered agent had to fax a form to the IRS to rece...
Jon De Jesus
Short on closing costs
Hi BP Community, This is my first post and I need some advice. I am working on getting my second long distance rental and I'm short on closing costs. I'm in contract, the property is located in a small mid-west town ...
Tommy Cheng
Capital Gains Tax Question
Hi BP!
I was hoping somebody could help me answer who would pay the capital gains on my primary residence after selling.
Details:
-My name along with both my parents' names are on the deed
-I've lived in the place...