I talked to a portfolio lender today that seems to have good terms, but said that they prefer to make the loan to an LLC. The only reason my partner and I haven't formed the LLC is because we can't think of a business...
Hello Community:I have currently rented a property to a tenant and signed the rental agreement in the name of Trust. The Trust is the on the Grant Deed (Title) as well.We have recently created a rental LLC and I am in...
I'm having a hard time finding the right RE lawyer that is well-vetted and that I trust. Here in Seattle, the well-vetted ones are super busy and aren't responding to my calls/emails. The ones that I find on a simpl...
Hi all. Want first to say how much I appreciate Bigger Pockets and the wonderful advice I have received here..
I own 3 rental properties at this point. My wife and I have lived in our personal residence for the pas...
Repeated texts to this tenant re: late rent got exceedingly frustrating. Tenant was warned of consequences and he texted "see you in court". He WILL lose.
But, now he's got a job and is paid up. Won't ...
Hello, my name is Ken Cyr, and after months of listening to podcasts, and a webinar, I decided to join the community to help pave my path! A little about me; I am a licensed plumber, and just launched my own company 6...
Would it be a good strategy to propose a non-exclusive option contract just to get equitable interest in order to legally attempt to sell a property while not tying up the seller? Its seems like a no-brainer to me but...
Hi,I have a business partner who has provided money to my LLC, which I will use to invest in real estate. The agreement is that I will do the work and give them a percentage of the profits. I'm trying to figure out ho...
I am retired with a several rentals and looking to minimize taxes. I was reading a tax saving idea regarding using the equity in a real estate rental instead of withdrawing Retirement Savings. From what I understood, ...
Is there any way that STR rental income can be considered "active" from a tax standpoint? I spent a lot of my time working on renovations myself, and manage it myself, but I have not manually tracked the time investe...