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So a few months back on a different thread @jorge ruiz brought up this idea and I was curious if anyone has does this or if it's possible.You create an LLC. You buy a home. Your LLC gives you a loan for the home. You ...
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Hi guys,
Tax question for you:
Just curious as someone mentioned that I could utilize Sect 179 of the tax code to take depreciation in the same year instead of capitalizing it over X years on certain it...
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Good afternoon everyone,
My name is Russell Ballard I'm 18 years old and currently a full time student at the University of North Texas. Im looking to hop into wholesaling, as I believe this is the best niche for ...
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Hey Bigger Pockets Community - I am putting in a cash offer on my third duplex (very exciting) but there is definitely a unique twist. The previous owner rented to an tenant that passed away TWO YEARS ago. The owner n...
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Hi BP Community: We've recently purchased a 4plex in South Carolina with inherited tenants. One of the tenants is late on rent and we're awaiting a court case for eviction (they are dragging their feet to try to stay ...
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I have a 4-plex with 4 parking spots. People keep parking in our vacant spaces or blocking the driveway. The tow companies never come when I call them. And I'm also slightly afraid of a retaliation if I have someone t...
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I purchased a foreclosed property whose owner is in prison pending multiple felony charges. It doesn't look like she will be bailed out and the property is currently vacant. I drove by a bunch of times and the electri...
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I am looking for clarification on things I've heard regarding the amount of properties one person can hold under loan from a traditional loaning agency at a time ( around 5?) Does this rule have a name? Or is this an ...
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Example. Buy a Corvette and put lettering on the back windshield “Will buy your house as-is for cash! Call xxx-xxx-xxxx” or make a website for people to fill out a form. I actually think this would be pretty good adve...
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Went and looked at a great house... total turd in a nice neighborhood... grandpa lived there.. still stuff and vehicles on property... needs work, but its a BIG house, with a granny flat added on upstairs... They wa...