@Natasha Keck  my point is rental guarantee's if there is a run on the bank.. can bankrupt a company. its happened many times.. also I am not so sure this is not selling a security.

They could easily lose all their second-position money if a first-position lender forecloses or if you go bankrupt.

Well...they are all bankrupt now.Learn from history...and those who don't learn from history are bound to repeat its mistakes.

Hi, BP--let me know if there's any deal to be constructed from the following:I talked to a private seller the other day who has a vacant, fire damaged 2F in town. He's been an absentee owner for a number of years, tr...

By the way, how much does it cost to get a BS degree for a job that pays $40K ...1000K with stduent loans that you cant even bankrupt out of.

A sad statistic is a majority of professional sports players go bankrupt within years after leaving their sport.

That way it doesn't matter if you sell, dissolve, or bankrupt the LLC, he can still come after you.

I guess it depends on the size of your portfolio.. at one time we had 350 homes.. that would be a little wild to have 350 LLC's and do 350 tax returns..I had a partner that insisted on some new builds we were doing.. that each be its own LLC.. so there you go own LLC own checking account separate tax returns.. by the time we got to about the 5th one he said screw that this is too much work.plus you cant just bank rupt an LLC if you do they come after you personally.. these do not protect you personally..  

Account Closed  I can honestly say that if I didn't find the pod casts & BP I would most likely be bankrupt or sued.

Youll hear the horror stories of simple questions bankrupting people.