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I bought my first rental property and moved it under an LLC. The mortgage is in my individual name. Suggestion Received - Create a loan agreement between myself and LLC for downpayment and furnishing costs. Deduct tha...
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Helly everyone. In California, can a wholesaler use a blind HUD-1 with the end buyer utilizing a mortgage loan? If not, how can I prevent the buyer from seeing my wholesale fee ( I don't want to do a double close). Th...
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I own one rental property at this point and setting it up as an LLC for a tax shelter which I'm doing through Legal Zoom.
Legal Zoom called me and said they want to know because I'm in the state of California, do I wa...
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Thought that might peek your interest... thanks for joining me! ;) My query... 🤔Any experience based professional advice, both practical and actionable, to offer a virgin Property Manager (vPM never performed property...
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Hello, I am a newbie when it comes to 1031 Exchanges, I have a couple of questions. I have always heard about them, but don’t really know anyone who has done it successfully. Here are my questions: 1) Can you have mor...
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Hi-- I'm an investment newbie, but a veteran to commercial real estate, due diligence, legal, finance, leasing, and development. Seeking equity partners among other professionals for mutual gain.
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Hello BiggerPockets!Let's call this a... re-introduction. My name is Chad Miles I have been a member on BiggerPockets for a year or two now and have participated in some discussions and learned a ton. Now, I want to r...
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Here's my question......I just got a roommate. He pays $425 plus half the utilities. He rents 2 bedrooms from me and a garage space in my single family home (4 bed/ 2bath). My question is on the best tax strategy for ...
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Married Couple plus 1 Single person own jointly, selling longterm primary residence for $1M.
Who gets the capital gains exemption(s) and how is it applied evenly across all 3?!
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Not looking for official legal advice here, but what would you do if you found out that there were 5 cop cars surrounding one of your properties trying to gain entrance? I am remote in another state, but told my manag...