JJ O.
[1031 exchange into TIC] Cost basis and Depreciation
First off, thanks to everyone for contributing. I've learned just about everything I know about real estate on BiggerPockets.My situation: I'm trying to help my parents use a 1031 exchange to defer ~1.2M capital gai...
Sam Cummings
Real Estate Investment Vs. Inventory
Hello Fellow Well Endowed Pocket Havers,Background: Recently purchased a single family home in Philadelphia as an investment hold property in cash. Decided after buying the house it would be worth selling due to comps...
Brad Peck
Tenant Injury Due to Fire
Recently, a socket caught fire in my rental property and the tenant was injured while putting out the fire. What can I expect from a contractual, insurance, or "unofficial" legal standpoint regarding the tenant's inju...
Sai T.
Should I waive the late fee
Hello BP, I just got below email. I'm n last 7 months Tenant paid the late fees 3 times! BTW late fee is $75/-"HelloI will be paying my rent Friday 5/5 with late fee attached I paid my sons last cancer treatment so I ...
Wesley Sherow
Self-Managing as an Owner; A Secret Agent's Advice
Bigger Pockets Community,I wanted to share a bit of advice I got a while back that's common knowledge for some, but a good tip for others just starting out. When you purchase your first investment properties and you d...
Royston McKaig
Reserves and Taxes, how does it work?
What's up everyone. I have been lurking around for while and I have a question I can't find the answer to.Lets say I am renting out a home for $1,000 a month and I am setting aside 25% (lumped CapEx, Maintenance, Vac...
Stefan Knipp
Should I create an LLC?
Hi Everyone,
I just closed on my first SFR and already have it rented out. As I continue to expand with additional purchases in the next year, I am curious about what your opinion is on the formation of an LLC.
The...
Tom Bud
LLC vs Personal Name
Hey all,I wanted to get everybodys opinion on my situation. I want to take the hardest step in the real estate investor world; BUY MY FIRST PROPERTY.I wanted to ask is there any benefits of completing a flip under an ...
Jeff G.
Qualifying a buyer for owner financing
Hi all. 2 partners and I are trying to sell a SFR via owner financing, and we could use some guidance on what we should / can / can't do regarding qualifying a buyer. Credit check? Current employment? Employment histo...
Keith L.
How should i introduce myself as the the owner
Hello BP I would appreciate some advice. I close on my first 6 unit tomorrow. I've went back and forth with deciding should i hire a property manager or self perform. I chose the latter for a few reasons. The proper...