Mark Andrews
How to calculate Capital Contributions to an LLC?
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. ...
Brandon Johnson
House Hacking LandLord
Hello All,I’m analyzing multiple duplex properties in the Detroit Market (Bagley & East English neighborhoods) to house hack with FHA. I will be buying fairly soon and I would like advice on the landlord aspect of...
Ryan O.
Taxes For New LLC
I tried to search BP for an aswer to my tax question to no avail, so I'm hoping to get some answers by posting here.
In 2012 myself and a partner rehabbed and sold 1 property in our own names, did well, and decided t...
Account Closed
Hazardous Property Sold at Auction - Any recourse???
I bought a property from a sheriff's sale only to find that the property has an oil tank leak from an above ground storage tank in the basement. It was never disclosed that there were environmental issues during the ...
Chris Billington
Denver Colorado sell business or move in! Tax ramifications
We have a close family member who has a property in Denver, CO that has been a restaurant for over 20 years. The structure is an old house and the zoning in the area allows for a business or residential. The property ...
Frank S.
Switching Agents and Procuring Cases
Hello,I'm switching my current broker. I'm interviewing a replacement. This is a hypothetical question. What if I submit a bid on a property I saw with a prior agent? I will certainly notify my current buyer's agen...
Rosaria Pipitone
Inheriting new tenant for new duplex purchase
Hi everyone!Im inheriting what appears to be aloyal tenants for the duplex that I’m purchasing in two weeks. I plan on living in the duplex as well. According to the listing agent, Tenants had been living in the upsta...
Chan K.
Paid Member BiggerPockets Support, Brandon and Joshua
Dear Brandon and Joshua,Why BP does not have a support phone number or an official email address beside the "contact the administration" direct/embedded BP mail, in which is a black hole?I woke up one day and my messa...
Kathy Stewart
Landing page creation support needed
Please advise if you can create a landing page for connecting leads to Mail Chimp.
Jacob Koshy
Is it okay to replace Financing choice on a short sale.
I have an accepted offer for a bank short sale in the SW suburbs of Chicago. When I initially made the offer I put in the financing conditions based on my pre approval. Which is with a 25% down payment. While I was wa...