I currently have 3 properties. I am using a family members line of credit on their house to build an ADU in the back of my 2nd property and I will be in debt to them approx. 100k plus about 8-10% interest. They aren't...

I have read, but want to confirm that I can report forgiven rent payments from a tenant as income to the IRS. The tenant moved out and owes me for last month and a half rent plus utilities. Instead of going after th...

Looking at selling a property and will do owner financing to my buyer. I have a wonderful mentor in this matter but I would like to gather all the opinions of the experts here. What do I need to do to protect myself a...

hey all, i currently have a rental property out in orlando, FL. i’m looking to grow my portfolio and getting another property. my question is, which is the best way to do so. cash out refinance or home equity loan. th...

I read once: Your first purchase must be the most important one to success !  I have spent many hours searching what's the best way to start our real estate business and decided to start with single family homes.  Ori...

Hi there biggerpockets community!first post incoming :) I will start this year with househacking(renting one apartment in my house) and i plan on buying another house for short-term renting by the end of the year. So ...

I'm creating a Charter of Accounts for our new buy & hold business.  I'm obviously not an accountant but I'm trying to follow GAAP practices so my P&L and Balance Sheets look solid for the bankers...What type ...

I've been trying to sell a house for a few months, and haven't had any luck yet. I'm offering owner financing, but nobody has any money for a downpayment. Last night, a prospective tenant/buyer offered me an entici...

Good afternoon everyone!  So in my self-education on notes, of course learning about that the interest portion of payments are taxes as normal income (assuming no self-directed IRA situation).  Is there any strategy t...

Hi BP,Myself and two partners are looking into getting a commercial loan to buy a 6 unit building. We've spoke w/a few different local commercial loan officers, who all say that they require each partner to qualify fo...