Shannon Smith
Quit claim deed to LLC
We are buying with a second home mortgage. We intend to use the home personally when we can but primarily for STR. Our plan was to quit claim deed the house from the bank to an LLC after closing but we know there’s a ...
Nathan Parkins
HELP! - Errors and Ommissions on Sales/Builders Agent - How to get out of a purchase
Hi All,
Apologies for the long winded background, but it's needed for my question at the bottom in BOLD.
My wife and I were looking at building a townhome in our area from a large builder, we visited the pre-built...
Mazyar A.
I did not issue 1099 for expenses, can I carry over to next year?
Hello,I had some renovation expenses in 2020, for which I was not able to issue 1099 forms on time and to send out to the subcontractors. Does IRS accept carrying those expenses over to 2021 if I issue and send out th...
Colleen Ross
Assistance Animals under Fair Housing Act
Hi Bigger Pockets. I have a question regarding assistance animals under the Fair Housing Act. We are advertising our rental property and just received an inquiry from someone with a service animal. Our policy is no...
Michael Doherty
Does Closing in an LLC Affect Personal Credit or DTI?
I am refinancing a BRRRR that is nearly complete. I purchased in an existing LLC I had and would like to close in the same one. I always thought that closing in an LLC meant that it wouldn't go against your personal D...
Kenn C.
Contractors Request More Money Than Estimated Cost
Who pays for unexpected costs that arise for a contracted job? The contractor estimated a job, performed the work, then came back with additional charges to cover more work that was performed and/or materials.Do you h...
Alexis A Peinado
Introducing myself as new management to my first ever tenants
I am currently in escrow on my first investment property with existing tenants. I want to introduce myself professionally and provide all necessary information needed to move forward smoothly so I don't want to miss a...
Nancy Beltran
Jointly and severally liable agreement
Hello:
Asking for advice. As a landlord, I have a 'jointly and severally liable agreement' with 4 tenants. The lease is about to expire end of April. Half of the tenants want to move out and the other half wants to s...
Aileen B.
AirBnB Co host in Maui for STR
Hi Everyone,I would like to ask for some advice. We have a condo in Maui that we rent out using a PM. We've been with them for a while because they are the lowest we found that charge 20%, there are some that charges ...
Ryan Collins
Tax Questions - Calling All CPA's
I need help with a tax
question - I bought a house with my father to flip at the end of last year. So,
by government classification we were a general partnership at the time. We
financed the house using a loan in o...