All Forum Posts by: Hogan Underhill

Thank you Greg. I just bought landlord insurance a few minutes ago. I appreciate the help

I bought a town house in MN in 2020 and have been renting it out for a couple of years. I do not live in the property. Currently, I have an LLC but no insurance.

My question is do I need insurance if I have an LLC? Or would it make sense to have landlord insurance and the LLC

I just bought a house and turned it into a rental. I created an LLC for this property. My biggest confusion with real estate is knowing what documents I need to file and being organized with my property. I feel like I am very unorganized and don't really know what forms, excel docs, etc to have to keep me organized so I can feel confident buying another one. I am not sure if this made sense.

Examples on stuff I am confused about.

Do I need to file any legal docs

Do i need a seperate bank account

What spreadsheet do I need to keep track of my property

What docs do I need for tax season

I am looking for everything I need to be doing with the little things

When should I start considering evicting my tenants based on late payment days? How many days in of no payment would you all recommend

Does anyone have time tomorrow to go over the basics of starting the first apartment building deal and how to go about it? I asked a similar question earlier today. But, lets keep it going. The more info the better

I want to start investing in Apartment complexes (6-10 units to start). Our biggest challenge is finding a way to fund this. We know their is a way but wanted to ask the community if they had any advice on getting started. Also, we were wondering what initial steps on starting a business would entail (LLC, Syndication, etc) Any feedback would be fantastic. I am also happy to hop on a call to learn more

What type of real estate investment is the best strategy to combat risk when at the peak of the economic cycle and heading toward the recession?

If you are mainly buying multi family properties. Is the best way to accumulate the most properties the BRRRR method? Or what else are they doing. Do you BRRRR multi families as well?

I know I am probably going to get many different answers for this one. With interest rates going up past economic cycles have said we might be close to the peak. Do you think it's s good time to Buy/BRRRR? If so, why?

@Joshua Janus I appreciate the help!