Hello,I am newer to biggerpockets and still looking to do my first investment. Rates are just so high right now that it is making it difficult to pull the trigger on anything. I actually do background screening and ...
In May of 2019 I created 2 LLC's for asset protection for my properties in Chicago. One LLC was formed in the state of Wyoming as a partnership to hold my IL LLC as a single member which holds my properties. I've setu...
I’m having a hard time getting coverage for my Triplex. It’s technically considered a Single Family Residence with an ADU and Junior ADU.The SFH is completely renovated and leased to a tenant. The ADU and Junior ADU a...
Hi there,I was interested in buying a duplex in a cool beach community in Florida. The property was being sold through an agent and was purchased by a wholesaler out of probate.When I did my due diligence, the zoning...
Hey all,Quick partnership tax question. If we each hold deeds and mortgages in our own names (to increase our number of mortgages allowed), can we somehow share the mortgage interest tax deduction on a partnership tax...
I’m not in the middle of this issue with my tenants. Last year, I rented a property to 3 roommates, X, Y and Z. And received the entire security deposit from X. This year, Z moved out, X and Y decided to stay, and we ...
Bigger Pockets Community,I'm interested in a property near a current listing of mine. It's due to be auctioned by the county on February 5th as part of foreclosure proceedings. While researching the court documents ...
Sup BP! A friend of mine was taking a training and knows that I have an interest in renting to voucher tenants. During their course they came across some information that sounds like, "no person can accept two forms o...
So, I'm in a situation where I own 3 rentals and I'm looking into mortgaging them to buy some more.My issue is that I'm a bit behind on taxes, I was living overseas for a while and while technically I was supposed to ...
Here's a pretty simple one for anybody that understands my situation. I need to setup an LLC with an operating agreement that includes language about the use of outside capital from family and friends in addition to c...