Calvin N.
Reporting tenant debt to IRS
I have read, but want to confirm that I can report forgiven rent payments from a tenant as income to the IRS. The tenant moved out and owes me for last month and a half rent plus utilities. Instead of going after th...
Lee Warren
LLC or S-Corp for Asset Protection
I currently have a couple of properties in my own name. For asset protection purposes, I am looking into putting them into a company name. I currently have an S-Corp that I was going to put them in. However, in some o...
Janeile Cudjoe-Myers
Multifamily Property Analysis
Ran across this property and wondered how the BP community would go about analyzing this information quickly.
http://www.cpix.net/listing/30277517
Make sure you check out the PDF for more information.
Curious wheth...
Dexter Tiggs
Fresh out of prison
I'm 30 years old and just got out of prison after 5 years I have 10k saved up in a bank account from working my last 2 years at a transitional center I've been researching properties and real estate is what I want to ...
Brian Pleshek
Do I need to file a 1099-MISC?
Greetings everyone. I've had a SFH rental for over 15 years and have always done the work myself or paid a company like RotoRooter to do the work. This past year, I acquired another property and put in 15k-20k in up...
Michael Taylor
Primary Residence Convert to LLC?
I'm a first time home buyer and have been renting up until this point. Can I get a conventional loan on a primary residence and then convert it to an LLC if I want to have roommates or rent it out when I'm not there s...
Tom Seccafico
Looking for advice on Self-Directed IRA companies
Hi Everyone,I am a new investor who would like some information on what companies investors use as the custodian for the self-directed IRA's. I am willing to research the companies myself. So if you can recommend a ...
Garen T.
50% through duplex build. Lessons/costs so far to share
I'm in the middle of a duplex build on a small piece of property that I've owned for a few years. I thought I'd share what I've spent so far and see if there are questions/comments I can share. I often see discussions...
Scott Johnson
Need help understanding this
(Posted this earlier in a different section but I think it's more appropriate here.)Okay, here's my newbie question - I plan to purchase vacant land from owners that are out of state and tax delinquent. Since these ow...
Erez Friedlander
Closing costs in New Jersey
Hi BP it's Erez here,I am wondering if anyone could tell me the avg. percentage of closing costs in NJ.I am looking at a all cash purchase in Cherry Hill, NJ.Thanks in advance