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So what is the correct terminology when opening a business checking account when asked what I do? When I answered "Real Estate Investments", it raised a red flag. I never had this before in days past when I had busi...
As a Deaf landlord myself, I hired a hearing (not Deaf) property manager primarily for effective communication. But I do wonder what if I were to manage them myself or hire a Deaf property manager. Now that I wondered...
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What are some necessary contingencies that I should have in a contract? What are some exit clauses? I am trying to compose a contract based off a few that I found on the internet. At what point should I seek legal cou...
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Hi everyone
Another question for you guys
My lender told me that the down payment and closing costs have to be your own money they cannot be gifts. For the Down payment I was planning on using a loan from a family mem...
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The asking price is likely at retail or above. What would you do? Call him back and throw him a lower offer? Call him back and say "thanks for calling. Call me if you ever want to have a serious conversation?" Don't c...
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Can anyone give me an idea on what a property manager might charge a park owner to JUST collect rents at a mobile home park? And an idea on how much they may charge for all inclusive management? (execute space lease, ...
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Hello, I am seeking advice or referrals for a security system or video monitoring service that you use on your investment properties. My husband and I own 2 duplexes in the Tiffany neighborhood of St. Louis, MO. (Loca...
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I purchase a property that is held in a irrevocable trust. We did a 1031 exchange purching this property. Soon this trust will be closing. My question is this, will I be hit with the capital gains upon the transfer of...
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Hello, was thinking of becoming a pro member to gain access to all the caculators and got to thinking, would a bigger pockets membership be a tax write off? We (wife and I) own a duplex and 2 single family home renta...
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I understand that any plot of rural land over 5 acres is usually classified as agricultural, which is the cheapest tax designation. If I wanted to create a sub-development of some sort, would it be smart to locate t...