Our LLC bought a Multifamily zoned property to build a subdivision. We spent about $100,000 with all the costs to get to the PUD Tentative map stage. We decided because of health issues not to build and to sell. The...
Hey BP,
I am a little hesitant pursueing this park due to it being on private utilities. The well is in good shape and up to code and the current guy that is doing the water testing said that he can’t see it going dr...
Howdy everyone, I've got a question for you tax and legal gurus. I'm getting highly differing feedback from my lawyer and CPA on the proper structure and taxation of Texas Series LLCs.
The CPA is advising that each ...
I sold the house I had been living in and used the money to purchase a house in Colorado that I intended to move into. I didn't move in but decided to rent it while I lived in rental property in another state. It's n...
First off, thanks to everyone for contributing. I've learned just about everything I know about real estate on BiggerPockets.My situation: I'm trying to help my parents use a 1031 exchange to defer ~1.2M capital gai...
I had a question that was a bit above my current knowledge level, wanted to get some opinions here (thank you in advance). 2 months ago, my wife and I purchased an investment home that sits on a double lot. My agent ...
Hello Fellow Well Endowed Pocket Havers,Background: Recently purchased a single family home in Philadelphia as an investment hold property in cash. Decided after buying the house it would be worth selling due to comps...
Recently, a socket caught fire in my rental property and the tenant was injured while putting out the fire. What can I expect from a contractual, insurance, or "unofficial" legal standpoint regarding the tenant's inju...
Hello BP, I just got below email. I'm n last 7 months Tenant paid the late fees 3 times! BTW late fee is $75/-"HelloI will be paying my rent Friday 5/5 with late fee attached I paid my sons last cancer treatment so I ...
Bigger Pockets Community,I wanted to share a bit of advice I got a while back that's common knowledge for some, but a good tip for others just starting out. When you purchase your first investment properties and you d...