I live in california and have been speaking to my CPA about creating an LLC for purchasing property. He advised against in for properties in california because of the associated costs/tax with little extra benefit. I...
Wanted to connect with BiggerPocket members who are located in San Jose and actively interested to build and invest in Accessory Dwelling Units (ADU) as an affordable rental option. Due to the cost of living crunch, S...
I recently listened to podcast BP 210 and one of the speakers discussed how they used their basement as an Airbnb. This method is one that both me and my husband agree on. Knowing that the BP community has Airbnb inve...
Greetings everybody!I am very excited to be a part of this community and I love seeing all the support and networking that is occurring on here. Thank you all for welcoming me into your lives and for the support as I ...
I'm in the process of buying a home with a detached garage and studio in the back. I plan to live in the main home and rent out the studio. The electric and gas meters are shared, and I would like to sub-meter the pro...
Okay I have a little over 200k in equity on my first rental house. I plan to use the equity to jump into a larger complex. I have looked up and studied 1031 exchanges for a while now knowing I’ll be selling when th...
I bought a 5 acre property through the tax sale in June and finally getting title work finished. The property had an a small house that was falling in but the well and septic on it are all good. The land by itself app...
I have a former primary residence I want to convert into a rental. We would like to have the property to an LLC for liability purposes and then have the LLC owned by our Family Trust for Estate Planning purposes. Howe...
Hello everyone,
I hope you are doing well. I have a situation with one of my tenants that I would appreciate some advice on. Here's a brief overview:
I own a triplex, and one of the tenants is an elderly lady who ...
I borrowed $120k from a family member to buy a primary residence for me and my family (I will pay him back $1k/m for the next 10 years, starting next month, or refinance if needed).Last night I was talking to my wife,...