David Bunyea
Converting Residence to Rental & Schedule E
Hello, last year I became a landlord in large part due to the Bigger Pockets Podcast. I moved into a new house and rented out the house that had been my primary residence prior to the move. Now that it's tax season I ...
Andrew Smith
Preferred strategy for Insuring second lien notes
Hello,I know there are some older posts about insuring lender's interests in 2nd lien notes. I wanted to get the conversation going with a few ideas we've heard. The first option, which has failed for months, is hav...
Spencer Krautkramer
Pink Cast Iron Tub
Thoughts on pink cast iron tubs? I'm purchasing a property with one, and undecided what I should do. Leave it or replace it? Or is painting/reglazing an option?
Pat Arneson
Anxiety Over Rehab Costs
I’m looking for someone to help ease my thoughts… California Bay AreaI have everything ready to go for my first flip… financing, financial spreadsheets, acquisition and disposition playbook, design criteria, etc. I ha...
Luis Lopez
1st time Investor. What are the main things to have in order day1
Hello Team, God bless! I close this week on my first duplex. I have one side rented out and the other is vacant and needs some love.What are the proper steps to getting it rented out? What do I use to advertise?Who do...
Luke Schumacher
Sober Living thoughts?
May be that I am listening to too much Pace Morby lol but thinking of trying renting my SFH 4 bedroom property to a sober living company. I would not manage the tenants just rent to the company for higher than a typi...
Brendan M Hornung
Sub-To Tax Advice Needed
Hello everyone,I reside in Southern California and started my investment journey in March of last year by purchasing a sub-to single-family home in AL. I have had it rented out for longer than six months and I am look...
Kathleen Albert
Do I need an agent if my renters want to buy my place
Hi there. My renters are interested in buying my property, and I am interested in selling. Assuming we agree on the price do you think it possible to do all the paper work ourselves? Or, with a lawyer (who is a rel...
Account Closed
Transfer house to LLC?
Good Morning BP!
Details:
My wife and I are talking about buying a new house and renting ours out. We have run the numbers and everything looks like it will work out.
My concern is that we will have this rental ...
Don Spafford
Best way to transfer title to avoid tax or legal issues
Hello, looking for some solutions to a problem. My Mother has MS, which is the reason I moved my family to be close to her to help care for her. My Father passed away in 2003, so she is alone. The problem is that she ...