Stephen Race
when to claim rental deposit income
Hi, I have short term rental properties renting by the week. I take a 50% refundable deposit at reservation time, then the balance 30 days before arrival. I take deposits up to a year before arrival. For tax purpo...
Troy Parker
Did I blunder my first home purchase?
Hello BiggerPockets community.
I bought my first home about two months ago. I purchased a 1500sqft 3/2 wood home about two months ago. The property was REO. I purchased the property with 5% down at 225k and it appra...
John Mitchell
New Investor with an LLC Question
I am new to Bigger Pockets, and excited to connect with the people on here. My wife and I currently have a house and are looking to purchase a rental property to start building our rental portfolio. We live in Dallas ...
Kevin Izquierdo
Letting Tenants Paint?
In my time as a property manager, the landlord let his tenants paint their units. Obviously I'd go in there and paint it back to its original paint after theyve moved out ( and you can imagine all the layers of paint)...
Jon Leidgen
One LLC for multiple properties or individual LLC’s
Do you form a new LLC/entity with each new property you buy or do you have one LLC/entity holding them all?
Juan Pablo Murillo
Title - LLC transfer
My business partner and I are buying a rental property (2bd/1ba) in Michigan. We’ve also formed an LLC in the same state. We’ve been preapproved for conventional financing. Because our LLC is new, we’re using personal...
Chris Manitius
Flip Advantage/Flipping Formula Inner Circle Success?
Hello everyone...has anyone participated in the Flip Advantage/ Flipping Formula Inner Circle? I am considering signing up for their Inner Circle Mentorship Program but have never met or spoken with any alumni. Just w...
Brian Kantor
Is this a good partnership structure?
Hi, everyone! As I've gotten more and more experience in this world, friends and family have asked me how they can work with me. Many have money, but not the time or desire to do this on their own. As such, they've as...
Frank Adams
Here' one reason to stay solid with a GOOD AGENT
A few months ago I got a call from the agent I work with asking me to look at a place that her office had just listed. The seller had done the usual cosmetic "make it ready to sell" and it "showed" real nice.
But; it...
Sean Chen
Contractor caused damage to neighbor's property
I found BP not long ago and have used this site extensively as it provides rich info on RE. This would be my first post of question on the site and hope to hear from many experienced investors/landlords.
I obtained a...