Robert Palladino
Collecting Rent in a different name
Hello All,I have a rental property in Philadelphia that is owned in my own name. I formed an LLC for this house prior to purchasing the property, which I later decided not to use because I figured lending would be eas...
Jon Huber
Short sale seller wants to be my tenant...
When buying a recent property in New Jersey, I was personally inspecting the property with the realtor when I began to make small talk with the current owner. He was upside down on his mortgage, and had come to accept...
Barry Ratliff
What strategy in Tx best? LP, LO or seller finance?
As an investor who understands the process but I read so many BP posts and legal info about new laws and procedures not to do them BUT investors do them. I am a real estate broker as well and want to help sellers t...
David Soest
Will I have to pay a big tax after a sale?
I bought a house, owner finance for 40K last year.I've been living in the house and redoing it with my own money. I hope to sell it soon for 100K. I'll need to pay off the owner finance so I hope to walk out with 60K....
Josh Calcanis
Quitclaim deed - Is it something I should risk?
BP,Just finished up with taxes this year after moving back to Orlando. One thing my CPA brought up was possibly looking into an LLC strictly for protection of my other assets. Separating properties from my liquid cash...
Michael Clayborne
About to Buy a Duplex and Wondering how the Offer Process Goes
Hello BiggerPockets!I'm looking to buy my first duplex! It is leased for two years on one side and vacant in the other. I plan to House Hack with this Duplex. I have toured vacant side and noted the side needs rehabbi...
Lou Ruggieri
First Commercial Deal (Take 3) Thoughts? Advice?
Okay guys and gals, your help is most appreciated here. I have some residential experience, but now I am trying to take the next big step in my RE life -- a small apt building! This is out of state, and I already ha...
Brenda Hedges
Do I really need an accountant?
I've been doing my own tax returns for over 20 years. Last year in addition to my regular real estate transactions as a real estate agent, I bought and flipped a SFR. Normally, I use turbotax business and have found t...
Paul Altman
Property Inspection Question
HelloWhen having a property inspected is it recommended to use an actual licensed inspector to prevent any inspection clause issues if the seller tried to claim the inspection wasn't reasonably performed or will i be ...
Tyreese Gadlin
Is this a reason not to accept a deal?
BP Friends, I believe I have come upon a pretty good opportunity and I am just about ready to take my first real big step. My question is; I am looking to by a commercial property 10 unit apartment, but the seller doe...