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Hello BiggerPockets! I'm looking for a little help navigating a cloudy title issue.
My wife and I are under contract on a house in Chattanooga, TN. We received an email from the title company involved saying that th...
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Does anyone have any insight on setting up a single member LLC for flipping properties rather than rental properties? I have heard that S-Corp entities are better for the flipping method, but I'd rather set up an LLC...
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Is is worth doing cost segregation study on town home? I am doing major repairs, appliances replacement. Property is about 1200Sq feet. If it is . How much would it be? What companies do you recommend.Thank you all....
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Hi all,How would you record the "Capital Contributions" to an LLC in the ledger section for the following scenarios: Scenario 1: Let's say the equity in the property is $60K and mortgage is $140K before the transfer. ...
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My brother had put a lot in my name without my consent via quit claim deed. It's a small lot about 3000 square feet in Hyde Park in south Chicago. I had contacted an attorney because I had wanted to get the deed nul...
Hello, am looking at a property near mine that has been vacant for more than 5 years. The siding is blowing off and the house is losing value. After much research I have discovered that that property has a Zombie titl...
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Hey all. Just joined and posting for the first time. I have historically made gains living in places then selling them. For the first time I am looking to sell a multi-family I never lived in and buy a new multi-famil...
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Hi BP. Regarding retired applicants, do you still have to keep with the same qualifications? Do you keep with the 3x income? I have an applicant that only has social security coming in and said they recently sold the...
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Apologies for the basic question, but I haven't been able to find a clear answer online. I'm selling my home and doing a 1031 exchange, and am filing a California Form 593-E (Real Estate Withholding -- Computation of ...
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I am interested in using this strategy, but I'm having trouble finding information relevant to the method I have in mind. I would like to finance the property to the tenant and hold the property until they reach payof...