Emily H.
Closing remotely - no notary needed as a cash buyer?
I am closing on an out-of-state property in Ohio with cash only. The title company said all documents can be signed electronically because I'm a cash buyer. She said I don't need a mobile notary since none of the docu...
Mike S.
Issuing a 1099 for more than $600 of lawyer fee
I am aware of the requirement to issue a 1099-MISC to your lawyer when you are paying him more than $600 per year. However I am confused about the following situation:I have a holding multi member LLC with its own EIN...
Gerald Marshall
Private Money
I have a family friend who is in a position to become my personal private lender. I would like to make this as easy for him as possible. Any advise on how I go about assisting him in setting up to do this. I am a ...
Juan Hernandez
Taking Over Management
Hello BP Community and Property Managers,
I'm planning to take over as property manager on one of my rentals and I'm looking for input for a smooth transition. I currently have a property management company and I'm l...
Robert Martin
Zombie Title With Squater
Ok Bigger Pockets, Got a Doozy of puzzle for y'all. Any help or ideas would be appreciated. So here is the situation: Guy dies (in 2010) with 2 properties under water with the mortgage companies by a fair amount. N...
N/A N/A
Passive Loss
I'll try to be brief with the fact!
- My wife and I purchased a single family home in 1998
- We moved out of that home (and the state) in August 2003
- We rented the home from that point until November 2005
- We have...
Terry Royce
Tax Deductions on OO rehabs
We are rehabbing an property that we will occupy when finished, what parts of the work etc can I deduct or use to minimize tax exposure on the property?
I have one handyman I use alot now as w...
Katrina Wallace
Service Animal Confirmation and Contract Addendum
We have a prospective tenant that has two service animals. 1. How do I confirm that the animals are in fact service animals? 2. I know that if they are in fact service animals then they are not pets and you can not ch...
Terry Royce
Verbage in assignment contract
Do you have to explicitly state the amount of assignment in the assignment contract.
OR
Can you phrase as so
"Assignment fee will be the difference between Assignor's contract and Assignee's purchase amount of $__...
Pavan Krishna
any compensation for the tenant?
one of my homes has rodent problem. we are actively working with pest control to take care of them. however, due to strong odor, my tenants have temporarily found a hotel room to stay until the odor comes down. the...