Amy Niederhauser
LLC protection and bank accounts/ credit cards
Hey!! {first time posting}... So, I have a handful of rental properties in my name and I'm in the process of transferring each of them into their own LLCs, and I was curious if I can use one bank account and one cred...
Jason Sperling
Cash out 401k/IRA or mutual funds/stocks to make first purchase
New REI. Trying to decide whether I should cash out my 401k and IRA or my mutual funds and stocks to get the down for my first rental property. I have about the same $$ in each, and both seem to be performing about th...
Curtis Maag
Tenant vacated instead of getting eviction
OH. Tenant didn't pay. After filing eviction (as LLC), they agreed to move out the day before hearing, signing agreement and turned over apt and keys. Lawyer dismissed the case the next morning at hearing, so not for...
Account Closed
50k difference realtor suggested price
I have a house that I’m needing to sell yesterday. Big nice plus a nice setting. One realtor which is a property manager went by the property and said the list price should be $295-299k. Another realtor and friend tha...
Trent Reeve
What is the checklist for starting out in STR
For people completely new to thisThree seem obvious, purchase property (and ensure staged with furniture, kitchenware, etc, all ready to go), contract with cleaners. list property on platformsWhat are next steps?do yo...
Curt Smith
rent collection system based on least likely to loose my rent?
Some here may have read the Erentpayments blow up thread here.https://www.biggerpockets.com/forums/52/topics/499...I'm suggesting discussing a better / best rent processor be its own thread. Other threads here focuse...
Patrick H.
The property I live in is being foreclosed - How can I buy it?
Hello,I am renting a home in AZ currently in month 15 of a 36 month lease. I just received a certified letter today stating that the home is up for trustee sale in 3 months. The property is being managed by Renter's...
Paul Sweetman
1031 Exchanges the right thing to do?
I was just notified by my CPA that a 1031 exchange might not be the best way for me to take money from the sale of one property and buy another property. He said it could cost me more in leagal fees than it would sav...
Ron Willbanks
Just starting out -- as a Passive MF investor do I need a LLC?
I have decided to become a passive investor in MF. I am just starting out and my research indicates the syndication will create a LLC so there does not seem to be a need for me to create one. That said, should I ope...
Shane Woods
Please help me help my friend - buyer wants to assume his loan
Hi Y'all,
Here's the story, and my thoughts. Please help and correct any misunderstandings I have...
Friend bought a house FHA for $127K about 6 months ago. $5500 total out of pocket at closing.
A buyer (former ow...