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After having a consultation with a company that sets up LLCs, I'm now questioning if I truly have the right LLC formation for the purpose of my business. For context, I created one LLC to run a mix of STR and MTR prop...
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I have a good candidate for a rental who has a traffic convition for not carrying insurance and driving without registration. How would you handle this? Ask them further questions about it? Deny? Accept?Thanks!
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I have been getting prepared to present a seller financing package but I am unsure concerning taxes and the balloon payment. Will the seller have to pay taxes on the balloon payment? If they sell the property in form ...
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Hi all,
Look for some advice. I’m active duty military and my parents have had a home here in Hawaii for 30 years.
They currently owe roughly $260k on it. And, it was appraised for over $650k. It’s a single family h...
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I am looking to get into multi family investing. But I've never even owned a single family rental ! HAHA I did my first flip and ran the math and fig'd out if I have 10 years, WHICH I DO cause I am 26 years old, the...
Dear BiggerPocket Members,This is my first question in forum and please pardon me if there are any mistakes. Sorry for the long post.I own one residential rental property and it is being managed by Property managemen...
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Here is the scoop:
BPO is $35KThe borrower has passed away and a relative is now living in the house. No payments have been made on the note since March 2016. City and County back-taxes amount to $1,110 and propert...
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Based on what I read, I believe that if I am selling an investment property for $1M, I need to by another investment property(1 or more ) totaling value $1M. Talking to a CPA, she says that you only need to buy next p...
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Did anyone have a bad or good experience with Real Wealth Network syndication ?They seem to promote RENTAL FUNDS and investors complain about their lack of responsiveness and funds not properly tracked. They do not an...