Umesh Chokshi
1031 Exchange - Individual name to LLC
Hello , Good morning. I am listing my residential investment property in a day or two for sale and want to do 1031 Exchange. I have one technical question about this transition.In relinquished property, my wife and I ...
Austin Copas
How much do I set aside for expenses in Texas?
Hello, I'm Austin I was wondering how much money I should set aside every month for the different utilities and expenses. Since I am too young to legally own a multifamily property myself I am going through LoopNet an...
Lynne Gregorio
College Student Housing - what if a student moves out and stops paying?
Hi all, I have been a LTR landlord for a long time, but I am new to renting to college students. I got the place so my daughter would have a place to live for her last 2 years of college. She had one of her "friends...
Philip Feinstein
Wholesaling In Illinois
Hey All,I’m a new investor looking to build up capital by wholesaling. I currently live in Illinois, Illinoisans that are not agents/brokers are only able to wholesale one property per year. Thought about wholesaling ...
Kraig Kujawa
Is there an Art to Communicating Security Deposit Charges?
Hi there,I have a single family house that the tenant generally took good care of, but let the lawn mostly die and left some large screws in the wall. I carefully documented it all, along with photos and got quotes fo...
Jeremy Vohwinkle
How aggressive to make offer on property that will be foreclosed in just 30 days?
A few weeks ago I heard from a friend of a friend about a small commercial building with long-time tenants running a business, and they want to sell mainly due to health reasons.
Long story short and after a lot of r...
Dominick Adolfo
New to BP from Chicago South Suburbs
Hi Everyone,
While trolling the internet I cam across Big Pockets and man was I surprised. I had no idea such a community existed and have been glued to it the last week.
I guess I'll start at the begi...
Aaron Smith
Cash for Keys Tax Deductible?
Hi BPers,@Joshua Smith and I both recently bought properties and had to pay off tenants with cash for keys agreements. To me, it seems like one could argue that this is a property expense and could be deducted as an e...
Ruby Ruiz
Buyers Are Liars!?
I have been in Real Estate for over 3 years now, and even though I find myself to be experienced and know the difference between a real buyer and a fake one, I still get it wrong from time to time. I have recently pur...
Ivan Crego
New from NJ
Hello All,My name is Ivan Crego. I would like to take a moment to let everyone know a bit about myself. I've lived in northern New Jersey all my life in a small town called Roselle Park . It's a great area because of ...