Lorelei Hilz
trying to wholesale this property
The deceased was given the house when his parents died, so the deceased inherited the house. Now, that he has passed away. The house has been sitting there boarded up. Nice looking house. I wrote a letter to the decea...
James Wise
NAR Lawsuit Settled! Offering Buyer Agent Commissions in the MLS now Illegal!!!
The NAR settled all of their lawsuits for $418 million today. Lots of stuff to dig through in regards to all of it, but the biggest takeaway and change to the industry is that fact that buyer agent commission can no l...
Philip Bennett
Illegal immigrants as tenants
I have an applicant for a property in Anchorage, Alaska that is wanting to sign a lease for a family member that is an illegal immigrant. The individual wanting to sign the lease is unable to provide a completed appli...
Jimmy Klein
How exactly do property manager's make a profit?
I'm looking at some turnkey properties. I see property managers charging just 8% of rent and thats not much considering rent can be less than a 1k a month. I also seen turnkey rentals where they even set up the LLC...
David Y M.
Tax Schedule E Questions for Active Participation Loss
Current Situation - Trying to tax plan for 2020 tax year- househacking with SO and 3 other roommates, and planning to claim active participation and claim a deductible passive loss- Deductible expenses are based off f...
Luka Jozic
Help with title search
I have been trying to learn how to do my own title search and for the most part I feel like it is fairly straight forward. But there are a few cases where I kind of am getting stuck and was hoping someone could help m...
Michael Stanley Nino
How do you go about investing out of state?
Hello! I'm a Engineer working full time in New York and I'm interested of how people go about investing out of state in a state that has very low or no cash flow. (I have 40k in downpayment prepared for my first inves...
Chad Bourque
1st STR Under Contract -- Direction Please?
Hi all,Our offer was just accepted for a condo on the beach in Miramar Beach, FL! This is our first foray into REI aside from our primary home (which while it technically is, I guess, I don't really consider REI). My ...
Scott Trench
REPS And Active Losses and Gains
Hi tax pros - I have a question about REPS status.First, selfishly, do you believe that my job as CEO of BiggerPockets, which I spend obviously spend essentially all working hours on, and dwarfs activities involving m...
Tricia O'Brien
Anyone Using Rhino as an alternative to tenant security deposit?
I have heard about a company whose website is www.sayrhino.com that offers an interesting product. It allows tenants who don't have enough cash for a security deposit to get an insurance policy for $10-$20 per mont...