Jeff Lundeen
Where will people move - Exodus from Cali and NY
California has long been seeing people exiting, and I'd speculate that COVID will increase that trend. Especially as we see tech companies like Twitter, Square, and Facebook allowing Work From Home. I personally see...
Mylene Bel
Transfer property to a LLC (2 foreign owners) to avoid FIRPTA?
Hi BiggerPockets,My husband and I are foreign owners of a condo in Florida that we want to sell to buy other investment properties. We didn't form a LLC at the time of buying. Now we're told that we should have in ord...
Rich Welling
Need Advice - In a tough predicament
I own a business in a small strip mall with 5 other storefronts. My landlord has been having some serious financial issues, and had stopped paying the mortgage and taxes last year. The bank holding the mortgage exer...
Nick S.
Loans "recalled"
Good afternoon, I applied for loans at a lending institution about 1 year ago. They were unable to sell the loans due to an underwriter overlooking certain aspects of the loan. That underwriter was fired after they pr...
John Podpora
Subject To opportunity
Need some advice about whether I should proceed with a deal that would by my first Sub to. Property: 3br 1 ba 1050sf in Portland OR valued at ~$260k.Loan: principal balance ~$199k @4% with PITI= $983 per month.Amount ...
Jeremy Porter
How Granite Countertops Can Elevate Your Rental Property's Appeal and Value
"Creating an aesthetically appealing rental property is essential for attracting tenants and increasing property value. From stylish interior design to modern amenities, every detail plays a crucial role. In this blog...
Kelly B.
llc no operating agrement, fall out with partners
Here are the ridiculous facts.1) we bought a building with "friends" to be rehabbed and turned into a short term rental. We drafted an operating agreement after I formed the llc. We discussed and they seemed ok with ...
Jim Viens
Minor in title
Couple of questions. I have a property I'm about to get under contract. BUT...an initial title search shows that the property is actually in the name of the 14-year-old daughter of the guy I've been talking to (long s...
Jake Smalley
(Please Read) - Creative structure required involving Trust and family sale
I've come across a property problem I'm hoping to help solve. Here's the rundown:Grandmother owns house (free and clear), her daughter lives in house as well with four children.Grandmother passes away, leaving behind ...
Tomas Calvino
Should I charge pet fee again with lease renewal?
Hello everyone,Hope you are having a productive day! Just have a quick question about lease renewals.The lease on my first rental property is coming to an end and my tenants already decided that they wanted to stay an...