Martin LaBelle
Subject To - Red Teaming
Just finished the excellent Creative Financing podcast On the Market Ep 29 with Pace Morby. I have a tendency to think in adversarial terms (I'm working on it) but in this case I was thinking about the bank, and how I...
Andrew S.
PMs and CPAs - do you report gross or net rents on 1099misc?
There was a thread on the board by @Nancy Neville on the general topic of 1099misc. Apparently it got zapped somehow by the moderators as I can't now find it anymore. I do have a side-question related to that topic ...
David V.
Deducting passive RE losses from nonbusines income (salary)
Can I deduct passive RE losses from nonbusiness income?? I was not aware of this. Is this true??? See section in bold/underlined belowBelow is an article from the Washington PostTax change in coronavirus package ove...
Felix Lilly
Virtual wholesaling question.
Hey BiggerPockets. I had a question here: I am newly getting into virtual wholesaling and I found a fixer-upper property in Idaho for $110k. If I called the landlord of that property and pitched a deal for around $90k...
Paul T.
Hiring a Contractor
The following is not legal advice.
Having read numerous horror stories here on BP about failed projects and lost money due to less-than-honorable contractors, I feel compelled to try to provide some guidance to those...
Mike Schorah
When and how do I get to close?
I put a property under contract. I submitted the Purchase and Sales Agreement to the title company with a $100 deposit.
I assigned the contract to another buyer. I submitted the Assignment of Contract to the title co...
Sebastian Roy
Week to week rentals?
Hello everyone, I have . A tenant who has not paid rent this month and I'm worried they will not pay next month either. I'm wondering if it is legal/ advisable. To set up rent on a week to week basis, like a payment p...
Michael Lettieri
How to properly account for personal maintenance labor?
Hi, I am just starting out as a landlord and am trying to learn from my mistakes. I believe I have not been adequately record keeping my maintenance expenses. I do repairs and upgrades myself and only keep records of ...
Sarah Bojorquez
Real Estate License?
How do you more experienced investors feel about getting a real estate license? Is it worth the time and investment?
Fausto Carosella
Massachusetts Landlords--Late Fee question--Conflict with BP form
Hey all,Purchased Mass Landlord forms right here from BP... trying to help a buddy out who bought his first home that has an in-law apartment. The lease I purchased states: "Any payments paid after the _____ day of an...