Forest K.
Purchasing building, long-term tenant has no lease
I'm about to take ownership of a four-unit property in Massachusetts with my partner. Neither the owner nor tenant have a copy of one tenant's lease. They do have signed confirmation of the tenant's security deposit a...
Mike H.
Struggling between 2 rental applicants
We own 2 duplexes and have been landlords since 2009. We are just completing a major renovation of our second duplex, which we picked up at auction in the fall. We have executed leases and secured deposits on one of...
Lori Greene
Is Zillow Zestimate Accurate? What's your opinion?
I have my own opinions about Zillow's accuracy for valuing property. But I want to know yours. It's one of the most visited sites online and so many people trust their values because it's strong brand online.If you us...
John Malone
Are you aware of the new Corporate Transparency Act Coming in 2024 (every LLC)
What's all the Hype with the new law? Well this will apply to your RE LLCs…
A new law was passed back in 2020 which has not been on the radar for most business owners. Let's start with the fact that the U.S. Treasury...
Rhonda Davis
Finding ARV Comps Not So Easy
Maybe it’s just me. Maybe I’m over-analyzing. Webinars show how quickly the BP tools can help you decide if a deal is worth pursuing. In reality, it takes quite a while getting the input right. I’m finally fair/good a...
Bettina F.
Tenants Use Social Media to Vet LLs
I inwardly cringe when when landlords post about "kicking tenants out" or other commonly used, but unprofessional, terms. The internet is forever, and you never know when something you have innocently posted will com...
Richard Chang
Help with idea to sell my rental duplex in Costa Mesa
Hi all,
I have a duplex in Costa Mesa Ca area
that i have owned for a long time and now
but I'm only getting about a 3-3.5% return on equity.
I'm not sure I can improve the property better to try to get more rents a...
Yinan Q.
Two LLCs own one property?
My partner and i are planning to buy a property. We each have our own LLCs. I am wondering if we can fund the property with our LLCs 50:50? In other words, can a property be owned by two LLCs? This way we don't have ...
Dustin Beam
I hesitate to call this a success story
Not sure I can call it a success until I've had sustained cashflow, but I did close on my first properties yesterday. They are three fourplex buildings, basically identical and side by side. They are located in Kansas...
Michael Plaks
EXPLAINED: how much can a real estate CPA save me?
This is a follow-up to my last year post where I discussed CPA charges: https://www.biggerpockets.com/...The #1 question we receive from investors who inquire with my firm about our tax services is "How much can you s...