Tim Morris
Reneg lease vs call personal guarantee
My commercial tenant is months behind on rent due to covid closures with 1 yr remaining on the lease and came to me the other day asking for the debt to be forgiven and rent to be reduced to 10% of revenue going forwa...
Monty Alston
Need creative advice to pull equity out of my home ?
Hi everyone, I’m a rookie here from Northwest Florida, and I’m not sure if this is the right forum for my post, so please let me know if I should move it elsewhere. Here’s a quick summary: I’m retired but finding myse...
Pierre Tran
Advice Needed: Options to Cash Out My Equity Without Disrupting a Seller Carry Deal
Hi everyone, first ever post on BiggerPockets!
I'm looking for advice on a situation with an investment property my business partner and I purchased in June 2024 under our joint LLC in Springfield, OR. Here's the bre...
Soleiman Bolour
NDA / CA - Non Disclosure Agreements / Confidentially Agreements
I connected with a broker last week and they asked me to sign an NDA. I was completely okay with signing an NDA, but asked if the commission would be paid by the seller or buyer. The broker got really upset with me an...
Scott Perkins
Tax strategy advice needed
Have four rentals and one flip under our belt, but I'm afraid we're doing the wrong way as a sole proprietor. Would love to hear thoughts from the group. C-corp, S-corp, LLC on every property, etc........ Would love t...
Account Closed
Strategies for Home Ownership as a Real Estate Professional - Pay Taxes or Take Write Offs
I have been in a good/bad dilema for some time based on my success as a real estate professional. Since we are growing and taking on new projects, my write offs have steadly increased or at least kept pace with my i...
John Smith
Selling home to purchase apartment complex
HelloI am a total newbie looking to purchase my first rental property. I recently came under a lot of financial pressure due to changes in my personal life and money has become extremely tight. I currently have a mort...
Shalom Benton
Riddle me this: why foreclose if you paid cash?
Riddle me this:I recently saw this happen but I can’t figure out what the loophole is....A trust fund baby purchases home #1 in cash for 50k. Lives in it for a few years. Buys home #2 in cash. Moves into it. A year la...
Shuwei Wang
Question regarding roof repair during escrow
Hi BP, We are under contract for our first rental property but found more surprise during the escrow period. The property is sold as is and we already put down earnest money with only financial contingency left. We ha...
Patricia Baker
Looking for advice on Co-Share property
Hi All, newbie here. I purchased a property in a Del Webb 55_ community, with my parents in Indio CA, 3 years ago. My parents have been living there until recently when I had to move them back to the Bay Area due to h...