Hi, I’m new here. I’m a realtor & own a long term rental property. Completely new to the STR game. I’m considering purchasing a home in 4 wheel drive area of Corolla, NC in the OBX. Wondering if anyone has any adv...
On a wholesale deal. $50k total sale, $11k profit. Double close process. 1099S form says $50k gross proceeds. Is wholesaler responsible for taxes on the whole 50k even though $11k was all they received???Or should thi...
Hi All,
If I want to rent out a place to a young couple one of whom is working but the other is not working and has no SSN, how can I run credit on the one without SSN ? On top of that, what can I do to minimize the ...
I'll go first.....1. THE UNPREDICTABLE WORKLOAD Am I the only one who is experiencing this? I keep a consistent schedule but theirs always something new that pops up. What are your thoughts?
I am only a few short weeks away from completing my first BRRR! I am now on the search for a lender to refinance cash out. Some general infoLocated in Chattanooga TNMy LLC owns the house outright (paid cash). Not sure...
Hello,
I have a 401K account with my previous employer in fidelity. It has a balance of 80,000. I am not contributing to it from last year , its dormant. It’s invested in “92204E886 VANGUARD TARGET 2045”. I contribut...
Hi I am talking to property management companies to manage a property I own in central florida. One of them had a clause in their agreement that they get to keep the late fees. I thought that was pretty weird since th...
Hey there BP people,I am in the processing of forming an LLC with my father to buy and hold rental properties. I currently have 2 properties in my name but the next property I buy would be under an LLC (In North Carol...
We are looking to buy/rehab/rent a property in Philadelphia with the property in the name of an LLC. Based on our research it appears using a hard money lender is our best option because we want to include rehab costs...
Hi bigger pockets community, and David green and Rob. I am working and preparing to re-continue my real estate investment journey with a little more knowledge after reading few real state books this time. I am a rec...