Paul Gast
Pay off seller financing early?
Hello all!I'm new to BiggerPockets, but I've been doing rental properties for several years. I'm looking to add a 4th property to my portfolio and possibly using seller financing for a portion or all of the financing....
Colin Petzold
Reletting Fee (Michigan lease break fees)
This is my first BP forum post and it is in regards to Michigan law on lease break fees in Michigan. It is my understanding that in the case your tenant breaks a lease contract early, as a landlord, you can only charg...
Alex Silang
Classifying deferred maintenance as "repairs" or "initial cost"
I bought my first property a few months ago. There was a lot of deferred maintenance which ended up adding up to about 15% of what put in as a downpayment. Fortunately, the property is currently cashflowing nicely. In...
Kevin Trumbull
Are wire transfer fees deductible?
Are wire transfer fees that were incurred with wiring earnest money and final down payment/closing costs to the escrow company deductible on my tax return? If so, what category would that fall under on the Schedule E?
Account Closed
How to find amount of equity in pre-foreclosures (Florida)
I'm looking for off market pre-foreclosures in South Florida and have looked up lis pendens on the counties' records. I don't see where it mentions the amount that is still owed on the mortgage though. Where can I fin...
Michael Gilman
Six Reasons Why the Latest Stimulus Benefits Tenants
COVID-19 continues to hit the U.S. hard. There has been a lot of discussion as to what kind of impact, if any, the latest stimulus bill will have on tenants who are struggling to pay rent month-to-month.
We belie...
Paul Roberts
New member from Long Island
Hi Everyone,First off, THANK YOU! This community is full of smart, experienced people and the education I have gotten from reading on here is insane. I am a married father with three kids looking to diversify my inve...
Samuel Webb
Calculating NOI of Triple Net Commercial Property
I am looking for some assistance in calculating the NOI fo a triple net leased commercial property. The details:
-Property is being leased as a bar/restaurant in Thornton, CO
- My LLC owns the property. I also operate...
Anthony Wick
Hey CPA person, can I sell my duplex to my LLC?
I own a duplex in my name only. I also own other properties in my LLC, which is comprised of two other unrelated partners. Can I quit claim deed my duplex over to my LLC, and have my partners pay me directly for 2/3 v...
Adam Hollandsworth
Befor investing in tax liens
Is there anything I should know about a property before investing in the tax lien of it? Should I find if there are any other liens on it? Or am I safe to just invest on any over the counter liens because it’s backed ...