Judy Jacobs
Do we have to pay rent to live in an llc property we co-own
My husband and I own a house with my son and daughter-in-law. It's in an LLC . We plan to do MTR to visiting nurses for half of the year while we travel and rent one room out to a visiting nurse during the six months ...
Eric Roth
How to Structure Private Loan for Down Payment & Reserves?
Hi All,I'm considering the opportunity to lend private money to a small group of investors I know who are buying rental properties, doing slight renovations, and leasing them out. The business plan seems solid and I t...
Dennis Kimzey
Purchasing property with a private lender, how does closing work?
When you utilize private lending to purchase a property, do they as the private lender bring the money to closing in the form of a loan or do they cut you a check? Not even sure I used the right terminology here. Tha...
Soomin Kim
Tax benefit on mortgage free rental property?
Hi BP community!I am currently living in a 1 bedroom condo. Mortgage is almost paid off. Husband and I plan to buy bigger place and rent out this 1 bedroom condo. I heard if there is montage on rental property, you of...
Jacob P.
Getting a tax question answered
Hi all,I'm under contract for a home in Brooklyn, NY. There have been some changes since we went into contract, and we have now worked out that we would be getting a change to the C/O soon after closing.Here in NY, a ...
Avery Goodman
Tax implications of failed 1031
I initiated a 1031 on October 18, 2017 (a flip I owned for 4 months), and now realize it may fail. However, I've already filed a 2017 return. Will the sale be recognized by the IRS as a short-term capital gain in 20...
Kristen Silva
Pre approval or HELOC first?
Hello,
I am new to the Bigger Pockets community. My husband and I are looking into purchasing our first investment property. We have a primary residence that has about 350k of equity. Our current rate is 3% so a ca...
Rick Doshier
Roofing Material!!!!
I hope this is the right place to post this.
I am trying to find roofing material that I ca buy online and have delivered, cheap.
Does anyone know where I can look to find it in bulks, or some where that has alot o...
Eric Gutierrez
Stair Coverings alternatives to carpet
Other than carpet and replacing the treads with hardwood treads, what are some good alternatives for durable stair coverings? They go down into a finished area of the basement. I attached a few pictures for referenc...
Account Closed
Public Data Access in RI
After much research, I've been able to source statewide tax parcel data for Massachusetts. My next project with that is going to be figuring out how to setup my own database to query the data.I'd like to be able to ge...