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How many has quit doing the BRRRR?With the hike in interest rates for non-QM loan products it has definitely slowed down this particular model for us personally. Has anyone found a workaround?
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My parents are giving up their home to turn it into a rental property. Is there a benefit to quit-claim the cleared home into my LLC other than asset protection? I was considering getting rental insurance to cover th...
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Hello CPA's @ Bigger Pockets,If I acquire a property through a quit claim deed as an investment property with the intent to rent it out, can i depreciate this property? IF so, what value will I use?RegardsMali
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Hello....So, my 10K 4 unit has just about broke me....long story short....rented all 4 units without getting city certified....Evicted the first tenant and the other seen it was a 2 month process so they decided they ...
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Being new at lending, I come across an interesting Opp.Client according to county records buys and owns a home worth 90,000, paid 35000 and has a 25000.00 homestead exemption, making taxes very cheap. He has no mortga...
Friends,I had my eye on a foreclosure purchase in Palm Beach County, Fl. I noticed that a year ago, party B was added via quit claim deed. Party A is the party that was issued the warranty deed and mortgage. Will t...
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Hi my sister like to transfer her property to my dad via a quit claim deed so there is no sales proceedings where he is liable to any tax consequence or transfer tax, can she put 0$ on the quit claim deed form and the...
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The last three years have been a ride to say the least. Before I ever knew anything about Bigger Pockets, BRRRR, infinite returns or what a CAP rate was, I always had this dream of flipping and owning rentals. By trad...
I am performing property title check, property in Michigan, and I see strange picture:
March 1999 Quit Claim from "Jane" ex wife to "John" ex husband.
August 1999 Mortgage given to "John" unmarried Man.
September 1...
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A little while ago I posted on BiggerPockets asking a question of whether or not I should quit my job, it basically said "I have a real estate investor friend that has about 60 rental properties and we've developed a...