Shirlin Yiu
Looking for CPA for our real estate investments
Hello BP community!Does anyone have a referral for a CPA? We are based in California but our investment is in Chicago. Not sure if that matters in terms of finding a local / non-local CPA.Thank you in advance for yo...
Eric Armstrong
Any advantage to buying the LLC that owns the property?
I'm looking into purchasing a 6 unit(2 businesses and 4 residential) that is owned by a LLC that only owns this one property. I was wondering what the advantages/disadvantages were to purchasing the LLC instead of th...
Felipe Munoz
Driving For $$$...you find and unlisted REO
When driving for dollars, you find a property that needs some love. Your research reveals it’s owned by a bank but not listed with a Realtor. Is there a way to make an offer on these?
Jeff Weaver
Security deposit’s on 1031 sale
Selling small MF on a 1031, my question is on the security deposits.
In the past when I’ve purchased property the security deposit came out of the seller proceeds, does that work the same when I’m the seller and the...
Sandeep K Gupta
Section 121 exclusion - GOP plan- binding contract before 12/31
Both house and senate wanted that EXCLUSION OF GAIN FROM SALE OF A PRINCIPAL RESIDENCE (section 121 exclusion) to be modified to at least 5 out of 8 years instead of current 2 out of 5 years, In version that passed ho...
Paul Smythe
Longer-term VR, any drawbacks?
I feel like I've read that you want to keep vacation rentals under 30 days, but I can recall the reason why. I've got a two month inquiry and wanted to see what the BP community thought. Are there any reasons why?
Terrance Yee
Identifying the owner - need advice
Hello Bigger Pockets!I know of a property that has been vacant for at least 4 years. It is the house adjacent to my in-laws, who do not know them. There is a sign on the door from Mortgage Contracting Services (MCS)...
Craig Holt
What do I do now I have my first property about to close
I have just found my first deal and am very close to closing it should happen in the next week or so (offer accepted, funding secured just waiting for the appraisal to come through which happened yesterday).The proper...
Sean Fuller
Combine, Hard Money and Owner Financing
Hey BiggerPockets family,
I'm working on a deal in Silver Spring MD, and I can use you help figuring it out. I have a 1.5Mil deal for a property I plan to Airbnb (short term rental). I'm trying to finance the deal wi...
Ramsey Rimkeit
FHA Mortgage - Foreign-Owned Property Disqualifier?
Hi,My wife and I are researching properties and are hoping to qualify for a First-Time Home Buyer FHA-insured Mortgage. There's one potential problem: her parents put their apartment in her home country in her name fo...