Dylan B.
Using private money to purchase rentals
So I have started listening to the podcasts on BP and I hear them discussing using private money along with bank loans to purchase the properties. I operate my rentals and some flips under an LLC and am able to acquir...
Account Closed
When To Pay for a Coach and When Not To
I would suggest you don't need to pay for a coach in the following scenarios
You're not sure if real estate investing is for you –
First, Pretend you bought a property then dig around Bigger Pockets and see what pe...
Bruce C.
Accounting for more than 1 rental
Greetings BP.
I've started using Wave Accounting recently for our 2 rentals. We're looking for our third as we speak.
Curious if others have used Wave, and if so, is each rental set up as it's own business, or accou...
Cameron Kirby
Buying a house for Mother In Law
Need some advice. So currently my in-laws are getting ready to sell their house and go their separate ways, while staying legally married. He will most likely need to file bankruptcy here in the near future (credit ca...
Anja Brey
Legal/tax question regarding self-directed IRA
Hello,I have a defaulting promissory note in my self-directed IRA. I am about to short sale the property for a large loss. Ideally, I would close out the self-directed IRA and move the money back to an IRA brokerage a...
Mindy Jensen
Looking for creative, LEGAL, tax avoidance ideas
I may have the opportunity to purchase a 4-plex in my desired area. When I spoke to the owner on the phone, she expressed a desire to avoid capital gains taxes.She has owned this place since 1975, when she paid $67,00...
John Stanley
Legal/tax structure: buying outside the US
Hi everyone,I'm a US citizen living in Germany (with local residency). I'm looking at buying an investment property and need to decide whether to do it as a US or German company. Does anyone have insight into the pros...
Jenny Duclair
Legal Tax and Financial Do it yourselfers
Hey Bigger Pockets family,I'm a new investor and I know things can go horribly wrong in this industry. So, in an effort to prepare for the worst and hope for the best, I'm reaching out to you more experienced investor...
Jim Norton
Tax and Legal Help Please!
Hello,
I am in negotiations to buy a mixed use property (3 commercial and 5 residential units), and need some tax and legal advice.
Specifically, I need to discuss setting up an LLC which will purchase and own the ...
Mitchell Rubinstein
Partnership Legal and Tax Recommendations
Hi fellow investors,I am finally moving from the analysis phase of my research to actually hoping to make a deal or two in the next couple months. I am in California but looking to invest in rental properties (SF and ...