Tanim J B.
Roomates Threatening each other
Hi Y,all
having a situation here. Got call from one roomate that another roommate threatened him. They both complained earlier also and its known they dont go well with each other. I don't know if he is telling trut...
Jon Jaffe
Tax treatment of bad paper
I was involved in a short sale last year that didn't go through. I bought the 2nd mortgage of 20K for 2 K, then the house was foreclosed upon. Can I report the 20K loss on my tax return?
thanks for your advice
jj
Stephen Shelton
Questions I'm going to ask my CPA about my rental business
I own 3 SFR rentals and would like to continue growing. Currently they are not setup under a business entity, but I think it's time to get this done before buying Property #4. After completing Property #2, my CPA sai...
Account Closed
Property sitting
If a property has been uninhabited for 5-6 years because we were waiting for the housing market to go back up before selling, is this property considered to be for investment in which case it would qualify for a 1031 ...
Leland S.
How to deal with HOA that is unresponsive
Hi Bigger Pockets - I've been working on a "flip" the last 3.5 months and have had issues remnant from my initial inspection report related to the exterior that the HOA still has not fixed. I provided the inspection r...
Kenny Wyland
Seller Financing CA FTB Form 593 for the Buyer?
I'm purchasing a new rental property and the Seller has agreed to do an installment sale (seller financing). The escrow company just gave me a copy of Form 593 which appears to say that, as the BUYER, I must withhold ...
Michael Nabors
Deed is not in sellers name Atlanta
Is there a way to go about closing a deal without the original deed? The owners/parents past away and the child is looking to sell. Been past over 10 years and never went to probate. The current executor has no execut...
Beste Park
How to Screen Tenants?
Hi everyone,I'm under contract for my first multifamily deal in NJ. My husband and I are planning to live in the first floor while we want to rent out the second one. do you have any tips how to market the property an...
Account Closed
Investing in too many different states?
Does anyone have any recommendations in the number of different states one should invest in? I know someone who has a "property in this state and a property in that state" and he doesn't mind because "the numbers mak...
Jared Forman
Multifamily Outlook in Manhattan New York
We are working on an opportunity to take equity in a 100 unit portfolio in Manhattan, in exchange for management. The numbers they reported for 2019 are healthy and the owners have not been reported numbers 2020. Base...