Mike Stahlman
How to advertise a house to sell using owner finance
Hi, we have acquired three properties in the past 4 months. We just closed on a house in Berkeley and we found out today the area/subdivision has an ordinance stating not over 30% of the homes can be rented. Sense it...
Marlon Thomas Jr
Becoming a real estate developer?
Hello BiggerPockets Family,Right now I am currently 22 years of age, and I am a licensed residential Realtor. Prior to earning my license, I have always been fascinated by real estate development and my ultimate goal ...
Mat Lewczenko
Sole Proprietor -> Llc. -> ?
We are currently operating as a sole proprietorship and are now ready to create an LLC.
What are some of my main concerns, what questions do I need to be asking our accountant, and should I be considering for the fu...
Wade Stahle
Capital gains, selling 2 months before 2 years.
Hi BP,I am planning on selling my house before the 2 year mark. However, I am at about 22 months of ownership. Will I owe capital gains taxes? If so how much and how did you calculate this? Purchase price was $187,000...
Christie O'Malley
Ordinary vs Capital Gains: Calling all Real Estate accountants
Hi all,
Lately, I have been trying to do my best to learn the different tax laws and am confused on a few different things. Recently, my accountant told me that if I hold a property for over a year in a LLC that doe...
Rachel Larsen
Can you end a month to month lease during winter in Wisconsin?
I have tenants that I inherited with a duplex purchase in April. They are on a month to month lease. They are hoarders and now have bed bugs. It has cost me $3,000 to spray for bed bugs and they orkin man will not spr...
Remmy Vernon
Help with Ozone Generator
After reading many post here on using an ozone generator to help eliminate apartment smells, I went ahead and purchased one.I have a unit that had a smell to it. Cleaned the walls, painted everything, replace carpet a...
Joe Edwards-Hoff
How would you handle these repair requests?
So, I rent out my basement floors to some friends. We have no lease and it was intended to be short term. The term has gotten longer, which we're ok with, but now they have some "needed maintenance". 1) I have yet to...
Cogit Aretoo
Families 1031 Exchange question
Please help me answer what should be a simple yes or no question that is currently part of a family dispute. I know little to nothing about 1031 exchanges. Thank you all for reading this post and for any comment you m...
Bryan Satter
Out of state property maintenance
As an out of state investor I am dependent on my property manager to update me on status of property. We talk regularly, but that doesn't mean I am always fully aware of any potential deferred maintenance or tenant tr...