Hello everyone! My name is Chris and I am a newbie!  I have the potential of an off market deal with a neighbor of mine in Rhode Island.  They are an elderly couple whom have resident status in another state and are l...

I am working with my property manager to buy my second rental property. This is a new home. I think it compares favorably with existing homes with rental rates without the potential repairs.

I have attached a fille...

Many people are familiar with a certain federal indictment recently in MN. What has not been as publicized is the civil case in which the end buyer has filed a claim against this individual for wholesaling them a prop...

Hello Bigger PocketsI contacted a specific county and they sent me a form to fill out of which Tax file I want. Bolded below is the form they sent along which type it's under. Crazy they are charging hundreds of dolla...

Do you always do a 50/50 split? Do you consider a lesser split (for your side) for performing notes, since there should be less to manage? When you send payments to your JV, do you include principal and interest? Or d...

I do private lending. I have a primary borrower. When a transaction closes, the principal and the interest are rolled to another loan. Thus, I never touch any of the money. Is that interest considered income for tax p...

I received this from my accountant in his newsletter. I thought it was worth passing along.

Nine Facts about Mortgage Debt Forgiveness

If your mortgage debt is partly or entirely forgiven during tax years 2007 t...

Just curious - taking a poll question for those who invest in notes with partners. Do you do your books yourself or have an accountant / bookkeeper. I have a book keeper do mine as they have kept me from having to do ...

People always assume that having an LLC keeps them from getting sued, but look, the individuals are being sued too. So much for an LLC protection.
Here is who's being sued:  

Federal Trade Commission, and
Utah ...

I have a 12 unit building in Cincinnati under contract.  Does anyone know of any insurance providers they might recommend?  My property manager's contract states that I am to pay for his legal costs if a tenant sues h...