David Boroughes
Scaling up. Have too many mortgages, what to do?
I have several conventional mortgages on rental properties I own. I'd like to keep buying, but the banks are saying too many mortgages and debt to income doesn't look good (they go off tax returns, not leases for inco...
Julio Perales
QuitClaim vs Warranty Deed - Pls Help
Hello all. Looking for some advice as I did not find an answer to my specific situation. My parents are wanting to transfer their paid-off home into an LLC owned by their 4 adult children, me included. This was a h...
Sonya B.
Best Way to Start with Commercial REI and Finding a Mentor
Hello,I’m new BP and REI – a complete newbie in fact. I live in the Houston, TX area and want to concentrate on Commercial RE. I’m interested in both apartment complexes and office buildings. I originally thought I wo...
Joshua Lowery
Subject to deals!!!!
Good Morning Bigger Pockets Family!I have interests in a property that I need some guidance from you on. You helping me will allow you to help someone out today across the US without even leaving your computer which ...
Chi Cheung
LLCs?
I'm looking to start buying and holding for rent. I've heard that it's wise to hold houses under LLCs for tax and legal protection. How does it work? Do I need to start an LLC for each house? Where can I find out m...
Austin Hendrickson
Opportunity Zones - new potential PERMANENT tax savings?
Hi Everyone,As a CPA who specializes in real estate I have been doing some reading on the new Opportunity Zones (OZ) passed effective 1/1/18 with the new tax law. While guidance is still a bit unclear and more researc...
J. Martin
In contract on first NEGATIVE CASH FLOW deal, and EXCITED! Thoughts?
I'm getting into a negative cash-flow deal to "speculate" on appreciation and future cash flow, after we can finally rehab the building, and using another cash flow deal to support it. Anyone else doing this? Thoughts...
AJ Wong
Please ask your Realtor and Lender about Seller Concessions
To be fair, I'm posting this as much for investors as I am for other Realtors. Partly because in times like these (or any market really) seller concessions can be an excellent tool for improving buyer conditions, but ...
Rachel Luoto
Freaked out, applicant says will sue
Hi! First time I’ve had an applicant threaten to sue. We said we could overlook credit with good landlord references, last landlord had documented that they owe a balance from withholding rent, so we denied. Tenant di...
Robert Shedden
"Rental Property" LLC held in "Property Management" S-Corp
I am asking the basic question of "LLC or S-Corp for Rental Property?" but with a twist....I am working to acquire my first rental property in Rockford, IL and was planning to set up an LLC to hold the properties... A...