Michelle Lee
tax? buy rental from parents, renovate & use as primary residence
Hi, does anybody have suggestions for the best way to minimize taxes for this? My parents have a rental property, owned free & clear, that they want to sell to me. They want the money as a lump sum instead of mont...
Andre Hicks
Planning to start investing
I’m 26 and want to start investing in real estate to ultimately flip houses and also rent out for residual income. Is there anything I should know before I start and is it a way to do it with minimal out of pocket cos...
John O'Leary
SFR Buy and Hold
Investment Info:
Single-family residence buy & hold investment in Valley Village.
Purchase price: $165,000
Cash invested: $16,500
Minimal rehab, essentially carpet and paint
What made yo...
Jon Q.
Tenants' hoarding: Institute "extreme screening"
Anyone have any entertaining tenant hoarding stories?When leasing property, I believe proper and thorough tenant screening is one of the most important things you can do to increase your return/minimize loss of rent, ...
Jim Zatko
Mortgage on a rental
For most of you that do a buy and hold strategy... how long of a mortgage do you get and why? For instance, a 10 year, 15 year, 30 year?
Mark A Powell
ONE LLC OR A DIFFERENT LLC FOR EACH PROPERTY
Greetings BiggerPockets family! I have a general question that I am getting varied answers for. Thus, I decided to query our platform for some well-informed feedback. Quick, down and dirty... We currently own 9 pro...
Solongo Ganbold
Looking to connect with investors and experienced RE professionals out of state
Hello everyone, My name is Solo. I and my husband Dee are just starting out in RE investing. We have been listening to BP for a while now and we finally think we are ready to take some action. We are interested in out...
Alejandro Antonio Taylor JR
Securities compliance and investor liability
Hello everyone,Have a question in regards to engagement with a real estate lawyer and the risk of being sued by investors if an investment in a Multifamily property. Part of an engagement letter with a real estate law...
Manshi M.
Illegal Basement - Will my insurance company cover any damages?
Hello,I have a 2 family property in New Jersey. I am renting out the basement illegally. Question - Will my insurance company cover me for any damages that happened to the property and is not related to the tenant in ...
Joseph Belgrad
Flipping partnership set-up
I'm entering into a partnership with a wholesaler for flipping houses. Our target is turn-key properties needing very minimal, if any, work. For example, he has located a property that negotiating with the owner he ca...