Dan Edwards
Big Bear Lake Airbnb Breakeven Numbers?
Hi Everyone- relatively new Bigger Pockets member here. I am considering purchasing in Big Bear Lake to use as a vacation property 3-4x per year (I live in LA) and to Air BNB the rest of the time. I am currently looki...
Jorge Vazquez
Purchasing the company (LLC or Corporation) that holds the property
I've had great success this year by purchasing the company (LLC or Corporation) that holds the property rather than buying the property directly. This strategy has allowed me to save on closing costs, secure favorable...
James Gravitt
Selling Notes/Tax Man
If I've turned over a note to a note buyer, who is responsible for the taxes? What if I had the note for 3 months, then the note buyer bought the last 21 months? How does this work?
Micah Kohls
Lender for borrower with no SSN (just a taxID)
I’m the seller. A buyer has approached me that does not yet have a SSN. He is a contractor. He has a Tax ID. How or who can get him prequalified to buy of he doesn’t have a credit score??
Michael Williams
I have a rental prospect without a social security number
Does anyone have a positive history of leasing to a prospective prospect that doesn't have a social security number? If so, what are safe guards to put in place?
Matt Haaga
Transferring a building between family
My dad owns a duplex outright, valued ~350k, and renting for $2,200/mo. The return on equity isn't ideal, but he's retired and holds the property as a stable source of income. He doesn't like being a landlord. I have ...
Zachary Taylor
Do you separate your expense reserves from your cash flow?
Hello everyone,I'm wondering how people handle their expense reserves and cash flow. Do you keep it in the same account? Do you separate the two? Do you put the expense reserves in a checking and cash flow into a sav...
Cole Davis
Background Checks without SS Number
A prospective tenant with (great credit / clean background) of ours has a roommate that is here on a work permit. He has a Tax ID number but no Social Security number. Our current tenant screening company can only sea...
Nathan Gesner
Mortgage foreclosure, $400,000 in state/federal tax liens
We rarely have foreclosures in my area and there's never enough meat on the bones. I finally saw one that looks promising, but it looks less promising now that I've researched it.ARV is $400,000, house is standing and...
Greg P.
Question for Flippers - Taxes
Hello, I am wondering how many of you save on taxes. I met with a accountant and he is saying over 250k a year is at a income bracket of around 33% plus there is state tax and social security, etc. Sound like a lot ...