Matt Daley
Tenant owes back rent, best way to go after them?
A tenant has moved out of a clients property and owes 2 months of back rent in Philadelphia, PA. My client is curious what is the best way to go after the tenant, to sue in small claims court or to try to hire a debt ...
Rick Dane
If I own a property through a corporation can I rent to myself?
So, this isn't a scheme to evade taxes, I'm considering two possible scenarios so just wanted to get a high level overview if this would make sense legally. I'm considering either buying a vacation rental property and...
Alyssa Magyar
Creating an LLC to operate the rental business worth it?
I currently have the mortgage of my townhome i own in my name, and is currently my primary residence. I plan to turn this into a STR/MTR in March 2023 fulltime. My lender was not clear about what would happen if I tra...
Andrew Ralston
Interest only loans?
Does anyone have any experience with interest only loans for home purchase?
Lyle Cooper
Real estate professional qualification
The real estate professional rule states:"A taxpayer will be considered a real estate professional if (1) more than one-half of the total personal services the taxpayer performs in trades or businesses are performed i...
L Huang
Taxes when convert Primary to Rental to Primary - 2009 Exclusion?
Hi Everyone, Happy Holidays!In this article about "Taxes when converting your rental to primary" - https://www.nolo.com/legal-encyclopedia/taxes-when-you-convert-your-rental-property-your-personal-residence.html, it m...
Shubham Aggarwal
Does my alternative wholesaling strategy make sense?
I am a licensed realtor in Florida looking to start wholesaling. Instead of wholesaling, I am thinking of a "double-dip" listing strategy that has less risk than wholesaling. Let me know if the below makes sense. I am...
Cameron Riley
Do you put security deposit into private escrow account?
- Just found out, tenants are eligible to receive interest on their security deposit ( most likely a few bucks, if that lol ) but they can make a whole case out of it - PA law states, must hold security deposit, in es...
Neeraj Shrivastava
Overcharged by water restoration company
Hi ,
Few months ago I bought a new house with finished basement. One day overnight due to wind storm and rain in the area electricity outage happened for 6hrs. I was going to sleep but then thought to check basement....
Varun M.
Pulling out equity from primary residence
Hi BP friends,
Following some great advice on this thread: https://www.biggerpockets.com/... we are looking into refinancing options to pull equity out of our primary home in SF, and use it to build our investment po...