Cecilia Cave
Do we need an LLC as a newbie investor ?
Hi there, as a newbie investor (we have acquired 3 SFH properties so far since September of this year) a thought came to our minds about putting up our business in an LLC. Do we really need to do that? Thank you all i...
Rick Im
Do these expenses qualify for start-up expenses?
Hello,
I purchased my first rental property on October 4th. After a month of renovations, I listed it on the market on November 19th and secured a tenant with a lease starting on December 10th. Before this purchase, ...
Nicole A.
More awful landlord laws for Baltimore City have been proposed.
Senate Bill 801, House Bill 0796--This bill is proposing to obtain additional funds for evictions and will adversely affect owners of units in Baltimore City. This bill will cause delays in evictions and owners will ...
Christian D.
Title Searches and Foreclosures
Anyone who has experience purchasing properties at sheriff sales, are you running title on the properties that interest you yourself? Or hiring a title search company to do this on your behalf before attending the auc...
Sajeev A.
Converting a room in primary residence into a rental
So, I was originally thinking of selling the home and downsizing to a smaller home. We have reasonable equity which could be used to pay down the next home. The issue was location. We're so used to this and anywhere e...
Tiffany Briones
New here, new to real estate investing, looking to start investing out of state.
Hello BP!!We started in 2018 by house hacking our home in SJ before knowing that was even a term. Built up alot of equity made some stock moves, life was good. New job opportunity opened up in SF and we were able to p...
Shahdan Calcuttawalla
Partnership Tax Advice
123 N Shore Owned by Partner A worth $105,000123 Coffee Bedford owned by Partner B worth $55,000ABC LLC has $1500 in the Bank, Partner B 51% Partner A 49%. In company resolution is it passed that Partner B & Partn...
Kyle Houlahan
Real Estate LLC, Net Loss/Tax Deductions
Hello everyone, my name is Kyle and I've recently decided to begin investing in real estate. After finding myself on BiggerPockets almost daily reading through posts, I've decided to join!Long-story short, I've create...
Jan Paikin
Lease to own, “subletting” a STR
Hi team Pockets,We are in early discussion with a Seller to do a lease-to-own Seller Financed deal on their 3-unit property. They want to stay in their unit for 5 years and we are ok with that. From a business forma...
Vina Real
Would you consider buying a property with a pool?
This property is a $180,000 short sale and has a non working pool. For my first investment property, is it wise to purchase this SFR knowing it would add another expense to fill in the pool? I'm planning to BRRRR it. ...