Kar Sun
Tenant insurance underwritten with landlords name
All my tenants are required to have tenant insurance. They have a liability for a full value of my property plus I make them have personal property for $30k. is it advisable to have the insurance underwritten with ten...
Erik Berg
Exterior Painter Recommendations for Westchester NY
Hi BiggerPockets!I live in the Westchester area of New York. I am looking for some recommendations when it comes to this project.Questions:1. What should I expect to pay? Internet say large houses can be upwards of $1...
Brandon Lamb
Tax Lien Sale with Mortgage attached
Hello,
Looking at tax lien sales in WY, and the county i'm looking in has a 4 year redemption period. The legal owner or mortgage company of the property sold at the sale is entitled to redeem a Certificate of Purcha...
Steven Cousler
Foreclosure Process
Live in NC - home was auctioned at foreclosure sale on Sep 9 and winning bid was placed at 147K for balance owed of 128K less deliquent payments and legal fees.
Have not received any eviction notice from the mortgag...
Andrew Goo
Earnest money deposit for "as-is" sale
Hello all,I'm considering making an offer for a house being sold "as-is." I'm aware this means the seller is not willing to pay for anything wrong with the house. My question is, if I find something I do not like abou...
Tracey Hamilton
questions on conventional financing qualification
I have a few questions about qualifying as an individual for an owner occupied sfh with conventional financing. these will be specific to a newly divorced woman applying for the first time on her own.
1) is w2 inco...
Brian Ashby
Selling a Qualified Opportunity Fund
I own a number of LLC's which are declared qualified opportunity funds. Is it possible to sell these properties/ LLC interests to 3rd party and have the QOF benefits transfer to them? The properties are post constru...
Stan C.
1099 from Management. Box 1: gross rent or net rent?
Hi all. I received my first 1099-INT from a new PM. It has only one box filled in - box 1 - with a sum equal to gross rent received by them from tenants. Should it include net rent which takes into account losses due ...
Mike Shah
Taxation of Pref Equity
I've been looking at a few pref equity deals and it seems like they are all promising different taxation. Some have told me that they get taxed at lower capital gains tax rates, while others have said you get a 1099-D...
Chris Fethke
Pulling money out of my 401k
I want to take funds out of my 401k to help start my first investment. I will be paying back into my 401k over 3 years. Will this be a wise decision? Is there a way to take funds out without getting hit with taxes?