Lauren Pedro
General Journal Entry Sale of Property (Fixed Asset)
So I have a settlement statement where we sold the property. I know that we took a loss on it but I am having issues with the journal entry. So we sold the property for $1,050,000.00 and bought it for $1,220,000.00 ...
Justine Scheuher
Selling Primary Residence, Help!
After owning my house for 2 years, I'm ready to sell and move on. I bought before I new about BP so I want to start over with a house that fits my needs better. I don't want to rent it because I would be breaking even...
Paul Parker
Land Banks.... Good or Bad for RE Investors
Are Land Banks The Governments way of geeting involved in Real Estate investing?.....There are 170 communities now operating formal land bank programs across the country as of date in the United States. There are 13 s...
Alon A.
LLC in same state of property ?
Hey guys I have LLC in texas and I bought property in Florida , should I open new LLC in Florida or I can use the one in texas ? I can just register the LLC in Florida right ? I wanted to know the disadvantages of no...
David Franklin
Raising rent on renewed leases.
I was reading a post on Facebook about terms in a lease. There were a lot of comments about raising the rent on every renewed lease. My question is if your taxes didn't go up nor your insurance and there was no other ...
Kenton C.
Threats to property owner
Hi BP,Question about owning buy and hold single family homes. Is there such a thing as having too much rental property as passive sources of income? The reason I ask this is I am wondering how macroeconomic conditions...
Jeff Meachen
When To Bring On Team Members
The importance of a good team is mentioned over and over again. The reasoning behind it makes total sense. For a first time investor when is the best time to bring on those team members? Our goal is to initially do...
Tyler Gilbert
Beginner in New Jersey with a clean slate
Hello all! My name is Tyler and I'm here to introduce myself as a new member of Bigger Pockets and the real estate community. As a younger professional with zero debt, I'm interested in learning more about the analysi...
Patrick Desjardins
Hmmm.. latest Fannie Mae sale
The latest Fannie Mae sale was for 3,400 loans. The prices seem crazy and still trending up.Goldman Sachs 808 loans with a total UPB of $127,716,108. The weighted average broker’s price opinion loan-to-value ratio i...
Jeff Seiff
Single Family Residential Buy and Hold (Exit?) Strategy
I'm hoping to brainstorm with some experts that might be able to enlighten me on some strategies that I am not familiar with, or maybe help a light bulb go off in my head. I currently own 6 residential single family ...