Hello! We are about to close on a flip, and it's the first one that we set up as an LLC with S-corp tax.  It is my husband, myself, and a partner as members of the LLC.  How much can we "pay ourselves" from the profit...

Dear BiggerPockets members, I've signed a contract for my very first investment property. After reading countless books, articles, forum posts and just about everything else, it's time. The numbers add up, however, I ...

Good evening!
I should be closing on a rental property in Baltimore in early June. The previous owner has a fabulous existing tenant who has signed a lease until May 2019. From what he’s told me she’s been a model te...

Hi all,

currently working on a deal with a house that has an issue with the main water pipe going into the house from the street. The city wants us to make a new piping going the opposite direction which is fine but ...

I do short sales as an agent, but have never done the "Double Close" with transaction funding to make a spread.

Has anybody here done this, are they doing it now, and is it working?

Thanks for any help and/or advice...

So I looked at this property today and it is a huge 5,000 sf 147 year old home that was converted to a 6 unit at some point. The current owners have converted most of it back to one giant 3,200sf home with two 900 sf ...

I have a question for all the BP experts.I am fully aware (and abide by) all owner occupant requirements when dealing with any type of government owned/marketed homes (HUD, Homepath, etc).However - I ran across a new ...

Hello all, I currently own and manage several of my own properties on Airbnb and Homeaway. This last year has been a wild ride! A ride that has allowed me to see the potential of short term rentals here in the Atlanta...

I'm in upstate NY.  I moved into my existing 2 bdrm/1 bath place 11 years ago.  It's in an old wooden school house and has about 12 units.  The first week I told my landlord that the kitchen ceiling light fluttered, f...

Don't let your excitement and determination to get a deal funded blind you to the notorious red flags of so called Private Money Lenders. Believe me I know, I've dealt with enough PMLs to see the red flags before they...