Account Closed
My LLC finally made some money! Now how do I get $ and pay taxes?
Hello, I finally sold my first deal, but it did not to go as well as planned. My LLC did not make any money for its first whole year and all the finances came from me loaning it. I know for a fact I probably d...
Amanda Hoening
My Tenants got into a brawl
I have 3 tenants. All on the lease. A young woman, young man, and the young mans father. The couple is nice, and make more then enough to afford the place. The father was clearly a freeloader.
Last night t...
Leonid Sapronov
Buying investment property in future tenant's name
First of all, let me say that I'm just starting out in this investment game, so some of my ideas may be a little "out there" - I'm just trying to be creative. :-)
A little background: my goal is to purchase my first ...
Dave Fontana
Won My First Auction Today. What a Ride So Far!!
So, i'm finding it hard to find deals. I started sniffing around the auction websites last week. I looked a my first deal Saturday. ARV of 415K. The auction started at 70K I looked at the house. You can see the sky fr...
John Dreher
Form an LLC for flip in Philadelphia?
Hey BP, I’m looking for advice on my first deal that we just got under contract. It is a flip, and basically I'm wondering if I should form an LLC for this deal. I know of investors that will form an LLC for every ho...
Monish Naidu
Renewing a lease and doing an Inspection
Hey everyone,I'm coming up on my first year as a property manager. With the new year rolling around, I'm planning on running an inspection of the property. My family and i goofed our first year and didn't take much pi...
Derrick Ruiz
Things you must do/have before you buy a rental property (regarding the tenants)
#1 - Get copies of all leases. This may seem obvious but it is absolutely critical. Check to see if the tenant is allowed to sublet the property (This should be a hard no). Or if they can have roommates. Or pets. If t...
John Cho
Seeking advice for terminating a short term rental management contract
Bought a house in Florida last sept to STR and signed a contract with a property management company. Company has consistently fallen short of performance, communication and their accounting is a mess leading to unexp...
Cameron K.
Philadelphia 2024 - Top Hard Money Lenders
Top 25 "hard money" lenders (Philadelphia loans only) by volume.1. I FUND CITIES2. KIAVI3. ROC3604. CONSTRUCTIVE CAPITAL5. DIRECT MORTGAGE LOAN COMPANY6. ASSET BASED LENDING
Note: Hard money is defined as average l...
Alex Nelson
First Ever Purchase- An IRS Nightmare
I've been browsing Bigger Pockets for about a year now absorbing as much knowledge as I can gather. I've learned to analyze deals, the investing process, and I'm just jumping in! I've just closed on my first deal, a 1...