Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Sean Gallagher Taking over an existing lease with addendums, RBP, BPP.
4 January 2025 | 11 replies
Just seems like unnecessary work.  
Brice Alef-Torrisi Managing finances between multiple properties
14 January 2025 | 7 replies
@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.
Bruce Reeves Sell rental now?
16 January 2025 | 6 replies
Pro - I avoid any future repair expense.
Chris Clarkson Selling business/building and want to reinvest into real estate
17 January 2025 | 11 replies
This will also allow you to avoid taxes on the sale.
Hitanshu Shah PM has breached contract; legal options for Out of State Investor?
15 January 2025 | 7 replies
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!
Annie Anson How to meet material participation hours for out of state investors
22 January 2025 | 25 replies
But the only way to have a definitive answer and avoid "likely" and "possibly" is to analyze your plan with your own CPA and find ways to boost your hours.
Andrey Shostak What kinds of calculators would people find useful?
12 January 2025 | 7 replies
A sub-to calculator showing how much cash a seller can avoid bringing to closing.
Tom Ochieng Inherited tenants questions
15 January 2025 | 3 replies
It might be worth a follow-up closer to the move-out date to confirm their plans, but avoid excessive contact to prevent escalation.
Shayan Sameer Seeking Advice on Real Estate Investing Strategies
12 January 2025 | 6 replies
Just ensure you do thorough market analysis to avoid pitfalls.3.
John Fleming Property Management Reccomendation
14 January 2025 | 3 replies
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!