Alex Xu
Can I use my investment property to operate a business?
Stupid question? Maybe...I'm in the process of buying an investment property (single-family). I plan to open a business using this property. Can I create an LLC for the business and rent the property to my business? I...
Jonathan Bombaci
FAQ - order of operations for getting a property under agreement
I'm not sure what the process is like in other states but in Massachusetts our real estate transactions start with an "offer to purchase" we then have 7-10 days to do our inspection/due diligence and then we enter the...
Tommy Panebianco
Pros and Cons to Owning and Operating Seasonal Rental Properties
Hello Bigger Pockets, I am interested in learning about everyones experiences with owning and operating seasonal rental properties in vacation / destination markets. Pros, cons and recommendations.. Any and all inform...
Art Webb
Understanding IRS Net Operating Loss Carry Over for Rental Losses
I getting ready to sell a rental house which has accumulated a significant amount of Net Operating Loss over the past 20 years. I understand I can use this NOL to reduce my personal taxable income. Question: Can I ...
David Semer
Attorney to setup a IRA LLC Operating Agreement for Selfdirect
Good afternoon BP Nation. Need an attorney for setting up a self direct IRA with Checkbook. Thanks for the help.
Richard Parseghian
Operational Underground Oil Tank (Do I replace it after purchase)
Hi Everyone,I'm currently in negotiations on a triplex in Monmouth County, NJ that has an operational underground oil tank. I have a contingency in place for the soil test to ensure there is no contamination, but as i...
Steve Mcdonald
Washer / Dryer Coin Operated vs Sub metering vs Fixed Rate
Hello All,I have a multifamily with 3 Apts in NYC. I am looking to install a washing machine and dryer.Tenants pay their own GAS and Electric.I have a choice of putting a coin washer/dryer in the basement however I do...
Fidencio Velasco
Do you need a business license to operate SFR rental?
We own our first rental property and have decided to manage it ourselves. What I am wondering is do I need to have a business license to manage my own property?
Catherine Javier
House in our names but want to operate under LLC
Good day guys, newbie here.My spouse and I are travel nurses. We have a condo 2/2 under our own name bought 2021. We also just bought a townhome 3/2 under partnership LLC (3/2022)- cashflowing and managed by a propert...
Christopher Allen Michael
Needing a sample of an Operating Agreement for 2 LLCs
My LLC and my business partner's LLC are purchasing a rental property together as joint owners. "Abc LLC & 123 LLC" will both be on the mortgage and deed.Does anyone have a sample of an Operational agreement in te...