Phong Lam
Inheritance Tax Escrowed by Title Company from Sheriff Sale Home?
Hello B.P. Community! Hope all is well! Not sure if anyone ran into this similar situation before, but I can see that it can become a big headache for many investors if this situation arises and hopefully there'll be ...
Tamarra Banks
Assignment fees and IRS- self employed,2nd income???
How do u classify your assignment fees as income? do you have an llc or get checks written in your name? Ive already had a horrible experience with IRS after winning a vacations prize not knowing it would be added as ...
Jonathan V.
Current rent is too low.
I'm currently considering a duplex, list price is $45,000, but I've been told I could probably get it for around $37,500. Very low crime area, good location. (I'm from the south in low populated blue collar area)
T...
Grayson Gist
Why is DTI so hard to overcome?
Hey,Long story short is that I’m trying to buy a second Fourplex and lender’s are quick to say no. I currently own one SFR in Oklahoma, and one Fourplex in Kansas City that I owner occupy. My wife and I are trying to ...
Josh Sterling
Expense tracking for rehabs
This year we purchased several bank owned properties requiring moderate rehabs. We spent 12-30k on each house to get it to an above market quality for rent. This rehab amount includes:
Contractor Labor, carpet, paint,...
Dennis Nikolaev
Texas vs Florida for 10 door investment.
Thank you for opening my post.I'm about to start looking into my first multifamily (10 doors).
Now picking a metro area. A big decission, because if all good I'd be likely to get the next property in the same locatio...
Ryan L.
Billboard, Garage, and Land; deals 1, 2, and 3 for this newbie
I'm finally ready to post about some initial success after hundreds of hours of forum reading, podcasts, local RE meetups, etc.The deals:1) 75 x 95 lot in Paterson, NJ with a billboard. The lot has never been develop...
Account Closed
Is incorporating neseccary? And if so, when?
Just read chapter four of the UGB. The part I wonder the most about is structuring a business entity. First of all, I'll most likely be getting into real estate by buying a small multi family property. Would it be in ...
Donnie M.
Unsecured PLOC that is cash out refinanced into conventional
I tried searching BP and google for a direct answer but could not find an answer about unsecured lines of credit. I plan on buying on 26k property using my Private Line of Credit (PLOC) from my bank and it will appra...
Scott Gullaksen
Philadelphia Sheriff Sale
Hi Bigger Pockets Group,I recently purchased a sheriff sale, checked for liens through a title search, and paid off the full balance on the property. I stopped by the property and it is clearly vacant, not one thing ...