Aaron Scott
Tax implication on partner split at sale of property
So I'm going to lay out the situation the best I can and ask advice. First off, I'm in Alabama. Myself and a partner went in as partners on a flip deal, where he bought the house and we split the costs of rehabbing. I...
Zehua Zhou
Will my single member LLC veil be pierced if I am the borrower
I currently have a few single houses for rent which are directly under my name, and also the mortgages are under my name.
I am considering to move the houses to an LLC 100% owned by me. But I don't think the borrower...
Christian Drake
When and Why to start an LLC?
Hey everyone!I'm currently looking into the pros of an LLC because I'm going into Real Estate with two other people financially. I know that falls into an attorneys hands as well with legal binding documentation. Does...
Peter Schiff
Feedback on harsh mortgage terms
I have received a mortgage offer with the wording of covenants and default looking very harsh. Can you share you opinion on what you think about these? --------------
10. Borrower covenants and agrees with Lender tha...
Andrew Pettit
1031 Like Kind-Exchange/Portfolio Lender Question
Good Afternoon Everyone, I am going to use my parents as a portfolio lender and I was wondering when I use thier 401K to execute the aquistion of a property what will the tax implications be when using th...
Jairo Garcia
Calling Riverside County Wholesalers!
Hi Fellow BP’ers!I’m looking for wholesalers in Riverside County to add to my network. I have submitted offers, however, it is VERY competitive when you’re only working off the MLS. I want to expand my network to incl...
Drew Ramasco
Spec Home Builder Ocala, FL
Good morning BP, I'm looking for a reliable contractor or someone who knows of anyone that is building spec homes in the Ocala area. I live here and own a couple of SFR that I rent out. Looking to branch out into buil...
Eric Schrader
Business Expenses, LLC's and Taxes
Hi AllSO. I have a LLC. I have an appt with a CPA to discuss my tax strategy. I have a (one) rental property that i plan on moving to my LLC (my bank allows assignments like this for investment properties). I have ...
Chrystian Tapia
My first REI property, but its OCCUPIED, how to evict?
Hello Bigger Pockets Family,
I have a question regarding evictions in cook county Illinois. I recently purchased a property at the Judicial auction. I received a court order with the following title," ORDER APPROVING...
John King
Mobile home park challenge- absentee owner
Investment Info:
Mobile home buy & hold investment in Exeter.
Purchase price: $500,000
Cash invested: $100,000
95 pad , 45 occupied w/ metered water .public w/s ,paved roads w/older homes. Owners...