Thomas Morris
Sell Home to LLC and Then Make It Rental Property
I found an article at This Link entitled "Sell Home to S Corporation and Then Make It Rental Property" fits my situation pretty well, except I want to sell it to an LLC that I already own. Would the article apply to m...
Abhishek Prateek
How to deal with tenants running behind on rent?
I have a tenant who hasn’t paid last month’s rent, and next month rent is due soon as well. What are some things that have worked well for landlords in this situation? I am WA.
Brian Zaug
Tenant's broke up and the boyfriend moved out
Hey all, I had a couple with 3 kids move into one of my apartments a few months ago. We gave them a 7 month lease so it renewed on Aug 1st with the rest of my leases and if all was well, I'd renew them with a 1 year ...
Bruce L.
Recapture Tax Help
Hi guys,
Had a few questions regarding recapture tax and was hoping someone could help.
1) Recapture tax is a federal rule/law and not at the state level correct?
2) Will you owe recapture tax whe...
Marc Dela Cruz
First Ever Property Viewing with Potential Seller - What to do?
Hello BP,
I sent out some direct mail last week and got a call from a potential seller. I'm visiting the 18-unit property tomorrow and meeting with the seller. He bought the property in 2014, 100% vacant and with a l...
Garrick Solberg
Need help with "Subject to" deal
Hey all,
I have my first potential deal if I can get it setup "subject to". Here are the details:
First mortgage is currently at 211k
house appraised for 270k, but really comps to 240k
Has a renter in the hous...
Nikki Willis
Should I sale or keep my primary residence
First of all, I feel very fortunate to have found Bigger Pockets podcast. I'm a 36 year old, full time Nurse Case Manager, married with two kids: Bailee 13 and Brayden 9. My husband Marty and I have lived in northeast...
Account Closed
Condos as investments
Has anyone ever heard of Platinum Properties Group based out of Vancouver Canada ? I'm interested in investing in condos through them but I'm curious as to how successful they are. As this will be my first investment ...
Jason Lee
Late Fees Not Being Paid
Hello...I have a tenant who is not paying late fees. He pays late always past my 5 day grace period. Sometimes I have to mail a 3 day pay or quit, and he pays up. My lease states clearly a 50$ late fee, and I even ...
Lee Carrell
No trespassing or eviction?
I have a tenant who has been renting for almost three years. She has always paid in full and on time. However, she now owes for property damage in the amount of $420. The deposit is $515. Her lease ends on November 28...