Misael Herrera Granados
Renting an old House Hack by the Room
Hello all,
I have vacated one of my properties and where I use to house hack. Since the other two rooms are currently rented by the room, I will be renting out the room I use to stay in to a different person and con...
Theodore Rivera
1098 Interest Tax Form Question
I was hoping I could get some direction from an accountant or someone with tax preparation knowledge. I am working on completing my 1098 interest forms. I have a situation where I have two borrowers (an individual and...
Don Pham
Novice investor looking for a plan
Hello all! Just to give a bit of a background, I'm a pretty novice investor. I bought my home in 2010 when the 40k I was saving up for a downpayment was able to buy an entire property outright and have been house hack...
Jaysson Brooks
CARES ACT: Penalty Free $100K Loan from 401K?
Hey everyone, the new CARES Act allows for us to make a loan up to $100K from our 401K penalty free that doesn't have to be paid back for 3 years as long as you can show hardship 2/2 to the coronavirus. Does anyway kn...
Dennis Rogov
Private Money Broker
Hello,What is the legality for someone to become a private money broker.. Is that something that can even be done ?In my eyes what does that mean; 1; It is an individual or an LLC that has established relationships wi...
Dustin Ruhl
3 Kinds of Cash to Build Your Kingdom
Money is an obvious requirement in order to live and pay the bills. Without money, working for a wage is a necessary task. Unless someone is a full-time investor, it is likely that the burden of monthly expenses are l...
Amanda Hinote
Determining STR status
If renting out rooms for varying lengths of time, but each is billed weekly, would this constitute a STR? (Does IRS care how long each individual stayed in the room or just that the agreement and payment was weekly?) ...
Ryan King
Use an investor group or partner up locally?
I am new to BiggerPockets and Real Estate Investing but I am very excited because I think I have found what I want to do for the next 15 years!I live in an expensive area and can't afford to buy locally. After listeni...
Jake Schwiss
Hard money lenders and llc
To get money from a hard money or short term lender do you need an LLC formed? I have looked at some through bigger pockets like LendingOne, I believe it was called, and they ask for business information.
Pixel Rogue
Creating a real estate management company...
Considering creating (or repurposing an existing llc to) a small real estate management company, specifically to manage properties that we already manage (we are a married couple w/a small portfolio and handle 85% of ...