Zoe Lee
My PM owns us thousands of dollars in rent, what can I do?
Our PM owns us about 6 months of rent. According to contract, he needs to pay the balance 30 days after the end of contract (we ended it with him due to tenants complaining about negligence). Now the deadline is here,...
Johnoson Crutchfield
How Tax Returns Affect Real Estate Investor Bank Financing
I don’t see a clear answer to this on the forums. I keep having bankers say “be careful with reporting losses on your taxes because it could make you unbankable.” What does this mean? How do you make sure that you ...
Ruchik Gandhi
Analyzing rental properties in northern NJ
Hello everyone,
I am new to the real estate journey with a focus on the northern NJ market. Reaching out to other investors: one thing I have noticed is that it is impossible to achieve positive rental cashflow at 8...
Joshua St Fort
Looking For Wholesale Attorney In Boston
Looking For Wholesale Attorney In Boston. Familiar with double closings and assignment fees. Any help or referrals I would greatly appreciate it!
Ben Gonzalez
Dealer Status and Installment Sales
My understanding of Dealer Status is that if you are flipping on terms (in my case: buy on terms, fix -or not-, then sell on terms) then you lose the ability to be taxed as an installment sale where your gain is sprea...
Account Closed
Transfer Taxes on Double Closing
How many Wholesalers doing Double Closings are paying the Real Estate Transfer Taxes?These can be quite expensive in some places. For instance The State of Pennsylvania charges 1% of the sales price and the munici...
Phil Petite
Need Some Help/Advice - Tenant in Place and Not Paying
Hi BP!One of the rentals that I own in Memphis, TN that I bought in early January had a Section 8 tenant already in place, the deal looked good on paper, but I forgot to ask for the rent ledger. It turns out that the ...
Burt L.
How Can A Self-Employed Wholesaler Best Present Tax Returns to Qualify For a Personal Residence Loan?
After wholesaling rental properties and being tired of being a tenant again myself - I would like to be able to qualify for a conventional loan. In speaking with a local tax attorney, I was told that 2013 was the last...
Chris U.
Closing TOMORROW - Emergency Replacement Mortgage Needed
Hey BiggerPockets, Didn't think I'd find myself in this situation. We've been working with a mortgage lender the last few weeks and have already signed the closing disclosure on a $170K investment townhome. Our closin...
Jessica Young
Vacated tenants demanding access to get their own repair estimate on damaged item
We are receiving threats and demands from tenants who recently vacated.Our tenants, who you know were a total nightmare if you're following my other posts, finally embraced the happy clause and are out half way throug...