I am about to solidify the purchase of a fairly sizeable mobile home park in Northern Illinois. I'm thinking about the possibility of also starting a separate mortgage business so I could offer financing for those who...

I'm buying my 4th property (a duplex). I was told that once you purchase more than three properties, you need to form an LLC to protect yourself. I'm an accidental RE investor. It wasn't my intention to hop head first...

I currently have a single member LLC with a commercial property under long term lease. I am on the verge of purchasing my first vacation rental that I had planned on putting in the same LLC. However, my accountant sug...

I need to know if I make a substantial personal loan to someone, is there any way to make the loan bankruptcy free? Meaning, is there any way to legally word, etc the loan so that even if the borrower went bankrupt, ...

I have been wondering if there is away to get the funds to purchase real estate by using other peoples money.

Hello BP community.My business partner and I are close to purchasing our first rental in New Brunswick NJ. Recently I had a conversation with an established flipper/investor who recommended not worrying about an LLC f...

Hello,I have a tenant here in CT that is breaking their lease 4 months after moving in. It is a 1 year lease and per the lease I will keep the security deposit. The problem now is we’re half way through February and I...

Is claiming foreign rental income on taxes much different than rental income domestically in the US? I couldn't find much about the topic on biggerpockets. I spoke with a CPA at a firm with a good reputation who was n...

Hey All,
I have the opportunity to buy a note from a bank on a commercial office property for well under what the property is worth, about a 40% discount. I have attorney's involved but am not clear on this process. ...

Do you phrase it in a generalized, or specific way?

i.e. would you write "we check your credit, eviction history, references and make a decision based on a combination of factors..."

or would you put "your applicat...