David Gradman
Would a Real Estate Professional pay SE income tax within an LLC
Question for the CPA's and Tax Lawyer's out there.If I own a rental property within an LLC and I (or my spouse) meet the criteria for tax purposes of being a "Real Estate Professional" would Self-Employment (SE) taxes...
Carlos Flores
RANT - Lock up when your leave!
Got a call from someone that had just looked at a property I am wholesaling. Tagged! Not by some fool with a spray can, but by the City (requesting that it be secured in x days or else). I have it on a lockbox but ...
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SERIOUS Investors - Where do I find them?
I need help finding investors! Where do I find SERIOUS investors?
I have been asked to assist in marketing for serious investors to buy foreclosures in bulk. All the major banks are getting flooded with foreclosure...
Rob Fordham
Different LL C for each property?
Question -- do you set up an LLC for each individual property typically or one for all your properties?Thanks for any helpRob
Brenden M.
Appraiser for FHA loan walked due to no shutoff valves in triplex
I am currently working on purchasing a triplex with an FHA loan. Last week, the appraiser was scheduled to perform the appraisal, but, according to the listing agent, the appraiser immediately walked off-site after di...
Joshua Dorkin
Financing Investment Deals - Important Read
On the BiggerPockets Blog, our contributor, Clint Coons - an attorney focused on asset protection - wrote an important post that anyone raising capital for their real estate investments needs to read.
Please make sur...
Mindy Jensen
ALWAYS Send Out Documents in PDF - Uneditable Format
Hey Landlords. Maybe you've seen this article floating around the Internet this week about the tenant whose landlord sent them the rent in an editable Word Document, so he slipped in his own clause.Now, this is funny,...
Jacob Murry
Purpose of an LLC on multi-family
Hey Everyone, I have a pretty general question about LLC's. I've read several articles weighing the pro's and con's but I'd love to see BP members thoughts on these questions. I've been advised to open an LLC for each...
Wiley Hood
Are DIY cost segregations a good idea?
Recently, I've decided to do a cost segregation study on a new $490K property that I purchased this year. I came across a firm (KBKG) that offers a $400 DIY cost study (paying for a membership). I enter the informat...
Tim Jahnke
Tenant breaks pet least (security deposit)
Tenant signed lease (No pets, No smoking)
They moved in with 2 cats and 2 dogs. The place reeks to cat urine. So I fined them $100 and raise the rent $50 per month. So they moved out. Before they left they painted the...