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I just got this text from one of my tenants. They have decent (not great) credit, have always taken ownership in the property (maybe now I know why?), and never been late on their payments. They're fully-employed, a...
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I am doing my taxes myself via turbo tax and I must say I am underwhelmed with the tax breaks I am getting for owning a rental. My wife and I have strong W2 earnings at about 250k combined and it doesn’t appear that a...
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Hello,
This is out first time renting out our home and after our tenants moved in they never put the utilities in their own name and I am still being charged for them. I plan on sending out a certified lette...
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The facts are straight forward:
1. I bought a Home Equity Loan in foreclosure. It was in the first position because a subsequent 'first' loan did not have a subordination agreement recorded. I received and recorded t...
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I would like to start by saying that this is my first post to the Bigger Pockets community and I am very excited to be a part of it. With that being said, I am reaching out to you guys for guidance regarding my situat...
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New investor here. I am in the process of finishing my basement to rent out, which I guess is one way to house hack, but I am looking to do more. I have available funds (150k-200k), and I'm spending time analyzing dea...
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I just had a consultation with someone who has the following story. Classic example of a prohibited transaction. Sometimes I hear arguments against “checkbook control” that custodian is there to protect your IRA and p...
I, like most of owners with more than a handful of leases, tend to put some sort of separation between the tenants and me. With most properties, this separation, usually via a management company, is desired to preve...
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Ben's latest article suggested this and he thought it would be a good forum post to check out what other people think. Check out his article, it's a good read. http://www.biggerpockets.com/renewsblog/2014/09/02...Se...
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Hello all, I have started an investment company that specializes in flipping houses and I have a group of investors that are fronting the capital for the projects. I am doing a split with them based on the % they have...