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Are there any rules and regulations from IRS on paying yourself rent if you own an office building and your unrelated business uses that location? By doing that, it would put passive income on schedule E as opposed to...
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I've been looking into finding a partner to do some BRRRRs, and I'm curious what sort of entity or structure people use for that?Do you end up with an LLC with two members (you and your partner)? Or maybe something el...
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Hey BP! Need some advice on best way to break contract with PM and what to expect.Final Straw:Retained PM about 6 months ago for some rentals. Things have gotten progressively worse with the final straw being that he/...
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Just closed on Monday. The people who were renting out the side I'm going to be renovating/occupying left a bunch of stuff in it; couches, mattress, food in the fridge, trash in various places, etc. Not to mention the...
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Hello all:My grandfather passed away (Ft. Lauderdale) a couple weeks ago. Part of his estate leaves his home to his 2 children (my father and aunt who lives in North Carolina). My father wants to keep the house, my au...
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Do you have information on the change to evictions, We are now being told managers of rental property can not represent the owner in court for the eviction. that it must be an attorney or the owner.Is there a way for ...
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We've tried multiple different ways to say "What is the lowest you will take for the house?" and the seller keeps telling us to make him an offer. Without trying to offend the seller or go way over what he was origina...
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I know some other investors who have done this before and recently talked to two sellers where such an arrangement may make sense. Essentially, the owner moves out and gives me control of the house. I use my knowledge...
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Good Morning Everyone! I hope everyone is loving the sunshine that has finally made its way here. Unless you live in the southern states, then I hope you are still enjoying it! I've recently received my Real Estate Li...
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Hello BiggerPockets! My wife and I bought our first property at the beginning of the year. It has been a valuable learning experience, and we're making good money on it. We're trying to expand and scale relatively qui...