Robert Zajac
Questions/concerns about normal PM fees/expectations for Cleveland Ohio
Hello all! I am out of state investing in the Cleveland market and I have a property I'm looking to close on! As such I'm shopping around for property managers. I'm getting concerned because I know from all my BP read...
Laura Luloh
Buyer’s Agent Compensation if Seller doesn’t pay?
We have purchased many homes through the years but now we are focusing on purchasing an investment property. In regards to the house we are making an offer on...The same broker that is selling the home is who we are u...
Sam M.
How do I pay my employee?
Hello all,
Thanks in advance for any replies.
I have one full-time person who helps me in managing my business. I also have a part-time maintenance person. I have been thinking of hiring the part-time person full-ti...
Eric Williams
Disregarded Entity Qualification: Married Couple in Community Property State
Rev. Proc. 2002-69I found this guidance and thought I would provide a summary:It was issued to remove uncertainty surrounding treatment of an entity owned solely by a husband and wife in a community property state.Ess...
Mark Rogers
Landlords - "HEROES Act" Could Make You House Folks for Free
I am deeply troubled by the latest HEROES Act and hope that it will not survive in its present form. Section 110203 beginning on page 961 may be one of the biggest land grabs and transfers of wealth in recent memory ...
Tyler Caglia
What’s the legal structure of YOUR portfolio? -no opinions please
We’ve all seen the dozens of opinionated posts about LLC vs. no LLC, maxing out personal umbrella insurance vs. creating legal entities, whether it’s worth it to create holding companies, pros/cons of series LLCs, and...
Keith Jourdan
Appraised value question
I often see homes advertised "50k appraised at 65k". Just an example. So does that mean one can buy the house for 50k then take more equity out of the property then 50k he used to buy it?? im confused here.
Ingrid Nagy
Anyone ever heard of a "short sale company"?
Hi, I am considering putting an offer in on a home in FL that is listed for $120K as a short sale. The property was previously listed for $160K with no bites. In reviewing the tax and owners records no Lis Pendens a...
Craig Curelop
New Jersey Landlord Forms now Available
Do you own property in Paterson, Elizabeth, Trenton, Camden, Newark, or Jersey City, New Jersey? These forms are for you! Check them out here: http://get.biggerpockets.com/forms/nj/For all other states we have availab...
Alex M.
Help! Forming LLC taxed as S-Corp
In need of some expertise here. Thanks in advance.I have 6 rental units in NYC that I airbnb. Im also looking to buy a house for airbnb, likely in Tennessee or Georgia with an investing partner.Question:1) Should I f...