Mary White
Accountant says, "I'm screwed on taxes for the BRRRR I did..."
In 2017 I purchased a foreclosed 4-plex to do a BRRRR. We cashed out a state retirement account from a previous job, used cash and also partial 1031 money for the all cash purchase. In March of 2018, I got a loan on t...
Lori Hunter
having attorney close on seller finance deal
I posted this in an old thread and didnt get much response. Ill try it here...
I've been reading all I can about the SAFE act. I even called the Florida Division of Consumer finance and am still not exactly clear ...
Henry L.
Help me choose the right CPA?
All:I'm trying to decide find the right CPA firm? I'm a newbie, about to buy a MFH (which I already have an attorney for) but would like to set-up a legal entity, do my tax returns, and build a long-term relationship...
Rich Hupper
Could this cash deal work?
Just when you think you have handle on the various types of RE deals out there another one comes your way you don't know how to handle.Okay so I have Ted and his mother Chelsea. They own a property together, that I w...
Tanesha Mills
Where Are My Florida Real Estate Lawyers
I need some straight forward answers (fact not opinion) on contracts..... Is it LEGAL to assign a contract in the state of FLORIDA............ YES / NO and what should the clause say? should it say Tanesha Mills or as...
Chaz Mathias
Should you Protect your Assets with a Prenup?
Hi All,I wanted to begin a discussion on prenuptial agreements when bringing assets into a new marriage. I know this is a controversial topic, however I thought that the BiggerPockets community was the best place to b...
Doug Price
Ethics always win out
I’ve been wholesaling properties for almost five years and it is wholesalers I’m about to tell you about that give wholesalers a bad name, and as you’ll see, agents too. I'll cut to the chase...
July 7th, 2020; I ent...
Fred Kite
Seller agreed to price that turned out to be under water
After executing a contract with a seller and passing the inspection period the title search turned up a second mortgage that puts the seller under water on the property by something in the neighborhood of $50k.The con...
Chris Pohlson
Turning your primary residence into a rental
Does anyone have any advice on how to turn their primary residence into a rental when upgrading to a new home? I want to keep my first house as a rental but transfer the title to an LLC. I understand that will activ...
Thoai Han
Sweat Equity
Hi, I'm fairly new to BP. I wanted to know what are your views and perspectives on sweat equity if you know how to do all of the work yourself ? Would you hire a contractor to do so ?