Does anyone know if any formal paperwork needs to be filed to add/remove a limited partner from an LP?
I am familiar with the LP-2 form, but this seems to only apply for the addition/removal of general partners.
I'v...
I have a house that I sold on a land contract. So I created a note and there is an underlying mortgage. Now a few years later the sellers are saying that the house needs a new AC unit ASAP. They don't have money fo...
I have been doing my taxes this year and I came to this realization, currently I only own investments that I self manage, not a property management business. Right now I own a LLC for holding assets and a separate LLC...
Hello, Our CPA told us today that:
- Based on a selling price of $215,000, I am calculating a gain on the sale of the property of about $127,500. This amount of gain creates approximately $24,500 of additional feder...
Me and my partner do BRRRR on properties locally. For most of those properties, we take HML and refinance once rehab is done. Now, I have some money coming in which I want to lend to buy a property and charge some rat...
I am not sure how to phrase this question, the county record for a rental I am selling is incorrect, it does not have the correct square footage for a permitted addition, and the number of bedrooms is listed as three ...
I signed a purchase agreement for my first investment property in Texas - the original closing date was early April. I paid my earnest money on time and have my loan ready to go. However, it turns out that the seller'...
Hi All! I'm new to bigger pockets. I've been investing in apartments for the past year. I invested in one deal as a Limited Partner and one as a General Partner. I'm about to invest in one more as a GP. Usually all de...
HelloMy property is located in livermore, CA.I need to go to court alameda county, CA.Bad tenant gave me bounced check security deposit and prorated rent on March. Until now she did not pay anything.I hired the lawyer...
My partners and I are working on our first flip in Dekalb County and we have run into permitting hell. The house is a 3/1, just over 1000 square feet, and we are planning to make it a 3/2 by adding a master bathroom t...