Can someone provide more context to statements like: our loan will never report to a credit bureau because it is a private loan so DTI will not be affected....won't it show on a fraud credit report, the deep dive repo...
After many years of doing my own taxes with forms A, C & E using Turbotax we started using an accountant when we formed an LLC like 5 years ago for our properties. Now he's MIA, and we weren't all that thrilled wi...
Ok, dumb question because I know there isn't a answer. I'm trying to evaluate deducible vs premium quotes. I'm about to close on a 4-unit multifamily in Phoenix. I've personally have never had to file an insurance ...
A peer told me their rental story nightmare. They had a tenant move in and he paid on time every month for the first few months. Then he missed a payment and when confronted he said "If you evict me, I'm going to tras...
A family member has recently passed away and that person listed person 'x' as the Executor, however, the spouse of the person that passed isn't giving person 'x' any information. For example, copy of the Will or owne...
Hello, Bigger Pockets!!It is with great joy that I announce that my wife, Piper, and I have closed on our first rental property! We bought a 2/1 in OH and have the property management company in place to get it rented...
So long story short, myself and another person co-own a property 50/50. We hold the property in our individual names. We have one property and after getting a rather large CPA bill ($1600+) for the 1065 Partnership ...
Hello all, my wife and I have recently purchased a new house and plan to rent out our current home when we move out. I am working on setting up the LLC to move the soon to be rental home into and I have a few questio...
I plan on turning my condo into a rental unit. I have already checked with my lender and they confirmed that if the property gets transferred into a LLC, the due-on-sale clause will take effect. With that being said, ...
I have heard many people talk about moving assets to an LLC after getting financing; although this could trigger a due on sales provision, it sounds like it rarely does. It sounds like people don't tell the lender ab...