Mike Grady
Transferring Rental Properties to Corporation
My wife and I have three rental properties in Ontario owned in our own names. Our accountant had initially advised us to do this when we thought we'd only have one or two. Now we have three and are looking to add mor...
Dakota Sullivan
Help--Tax shelter strategies for personal residence cap gains?
Hi BP fam;CA resident here looking to shift equity from personal residence into primarily income producing stock. Due to runup in home prices in Bay Area over 10 years I've held my personal residence, I'm facing seven...
Steve Medina
Help with rental property analysis.
Hi, I live in California and the property here is a little out of my budget. I am from Louisiana and still have family and friends there, one of whom is a realtor.
My realtor friend showed me a 1400sf SFR on .2 acre...
Wayne Courreges III
Blog: What is a 506(c) Offering?
In the past, one of the primary ways private companies raised funds for real estate investing was through Rule 506 of Regulation D. Regulation D is an exemption from registering securities with the Securities and Exch...
Melissa B.
Best Way to Reject a Prospective Tenant
I have an applicant I'm going to reject soon. There are multiple reasons why. I just want to know your opinion on which is the safest way to reject her, as she seems to the type that would try to make my life difficul...
Account Closed
New investor advice
I’m preparing to get into rehabbing properties and just wanted to see if there’s any advice for a new investors. Like is there a loan that’s good for new investors or is it better to start with rentals rather than fix...
Shearill Brown
2nd Lien behind in payments
I have a scenario I would like to run by you all. My fiance has a property she bought with an ex who is long gone. She has a 1st and a 2nd. When they split they made an agreement that she pay the 1st and he pay th...
Richard Glen
being the lender on a mortgage
In Cook County Illinois.Can I do this?I am considering giving a loan to a guy that bought a two flat for cash and is stalled 1/2 way with his rehab for lack of cash. It will be a owner-occupied two-flat but he can't ...
Lewis Yuan
[Calc Review] Chicago Triplex - Help me analyze this deal
View report*This link comes directly from our calculators, based on information input by the member who posted.Hey BiggerPockets,I have found a potential deal on a multi-family in Chicago that may cas...
Lisa Caro
LLC for purchasing bank notes - what state?
Hi everyone! I am currently forming a NM LLC, but live in NY. Let's say I purchase (performing or non performing) bank notes from a lender in Illinois. Do I then register my LLC in Illinois? I've looked for this i...