Jonathan Partsch
New owner from California (but property is in Ohio)
Hello,My father recently passed away and I inherited his house in Ohio, but I am in California. I work full time and this is the very first property I have ever owned. I am intending to convert the house to a rental a...
Jennifer Smith
Mom passed away and trying to figure out what to do w/ her home
My mom passed away tragically and unexpectedly in April 2017. She has a home in Riverside, CA worth approx 510k and approx 330k is still owed on the mortgage. My 2 Brothers have been living there since she passe...
Ev Senter
A lender just refused to lend after spending all my $24K deposit.
Do commercial lenders have any requirement to protect the interest of their clientele? With residential and up to 4 units the lender would certainly check out your credit and financial condition before asking for a lo...
Andrew Pandolfino
Family loan to LLC for all cash rental purchase and refinancing
Hello BP community, I have a bit of a tricky situation and am hoping to get some advice on how to best proceed with my first real estate transaction. I have recently put an offer on a multifamily property that I had ...
Avery Goodman
LLC as Rental Property Owner AND Manager
Hey all, currently own four Florida rental properties (one triplex and three SFHs). I created a sole-member LLC to own and manage the triplex, and then created a second LLC to own two of the SFHs. The last SFH deed ...
Shane Johnson
Now own 2 houses - doing taxes myself I think... need help
I bought my second house this year at the end of July. I rent my first house out to my mother. I could use guidance on maximizing my tax return. Can someone please advise me on how I should be claiming (and on what fo...
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HELP IM NEW REI MIGHT BE IN OVER MY HEAD, HELP!!!!
Hi. Can anyone help. im new investor i was tired of sitting around so i jumped right in and bought rehab prop for 10k. looked like a good deal at the time in march 2006. finished work on gutting and rehabbing propert...
Will Toress
Seeking advice on tax deductions for STR that's under construction
Hi all, been reading a ton about taxes related to STRs but still have some questions. I bought the property in 2022 with the intent of making it a STR that year. However, when starting construction, we found extensive...
Tom Plyler
Sub2 & POA
I'm working on a Sub2 deal and have been reading tons of posts here on BP. I know I need a POA but would like an actual example of the specific language some of you use to address the immediate and longer term issues...
Kristi Monighetti
Buying House from Parent With Unique Circumstances
In 2018 I separated from my husband and needed to buy a house. Due to my pending divorce my dad helped with my house, I put the money down to buy it and he obtained the loan and also left me off title (long story ther...