Ernest Kalk
Risk free income????
I just inherited 200k tax free and MUST use the money for a permanent monthly income as i have been on $600+ a month disability for many years and DONT want to go back to being broke!! Im thinking a safe established b...
Zach Wagner
Do we have to file form 1065?
My boyfriend and I each bought a rental property this year (2022) under our personal names (1 under my name and 1 under his name). In an attempt to keep our business income and expenses separate, we started an LLC and...
Daniel Karbownik
Transferring Security Deposit Upon Sale
I am buying a rental property with existing tenants in place. The purchase price is 155k, and the current seller is holding a security deposit of $2250. We are in attorney review, and the seller has just asked that ...
Matyas Sustik
Audit, IRS unreachable
I got a 566-B audit letter from the IRS. I forget to include state unemployment compensation in 2017 (actually we had a baby and I took unpaid leave and the state of CA paid for 6 weeks under the SDI insurance). I do...
Matthew Hall
Potential first deal-Seller finance my underwater home?
In searching around I ran across this post on another site from a member with an underwater home that he was looking to get out of by offering seller financing:http://www.reiclub.com/forums/index.php?topic=4812...My s...
Ankit Agarwal
Partial rental of primary home
Hello Biggerpockets! My first post on the forum and still learning about real estate and being a landlord. I am planning to rent out my primary home on rent for 3 months and living with another friend in the duration ...
Matt Smith
$90K salary for $3.8K rent: accept or reject?
I have a candidate who makes $90K per year. The monthly rent I would charge is $3.8K per month. Should I even consider accepting?
John Lee
Deducting utilities that are under the tenant's name?
I pay for internet, gas and electricity each month but the bills are under the tenant's name. He reimburses me for them but I'm the one making the payments. I'm adding his reimbursements as income but can I deduct the...
Jas Diorio
Financing Options for 1st time buyer
Hello! Big fan of the community :)
I am still grasping a lot and have loads of questions. For loans specifically, I've been hearing about about HELOC, FHA and conventional loans.
What's the difference?How should g...
Jeff Filali
Seller Financing vs Being a Landlord?????
I have a question about which approach is better and why? Being a landlord with buy & holds vs. offering Seller Financing. I don't use credit to purchase, only purchase with cash. I just started investing in rea...