Colin Holowach
To LLC or to not LLC...?
9 January 2023 | 4 replies
LLCs are great for branding purposes, organization and offer real protection.
Simon Stahl
Morris invest - any insights?
11 July 2019 | 414 replies
The follow-up email included the PM's address for registration purposes for any formation of an in-state LLC (not sure that was a recommendation as it was not explicit in the follow-up, but Morris has advocated for this in his podcast).
Sam Peterson
Real estate friendly 401k
9 January 2023 | 7 replies
It does not allow me to use the funds for the purpose of investing in real estate property.
Sam Colangelo
Renting rooms and taxes
19 December 2022 | 5 replies
they will be able to point you in the right direction of all the things you need to do for tax purposes.
Pepper Bradford
Need a holding Corp. when just starting out?
19 December 2022 | 19 replies
I stipulate that any information that I receive will be for educational purpose only, and will not be taken as legal advice in any way.
Michael Nelson
Do use an app or software with your cleaner?
20 November 2022 | 14 replies
As others have said, the process is not rocket science, but without extra personnel or way more time than I have there’s no way I’m texting cleaners on ever-changing schedules.TurnoverBnB’s pretty good at what it does and the I’ve found the inventory management side of it be increasingly valuable, but the software is pretty bad/buggy and yes some cleaners will just refuse to use it or check off all items in 30 seconds as they head out the door, which defeats the purpose of a checklist.
John Haveman
HELOC lender to LLC with foreign shareholder
14 November 2022 | 3 replies
I'm looking for recommendations for a HELOC lender to an LLC with a foreign shareholder.Property - Atlanta, GAProperty valuation - $240,000 (Zillow $279,000 unlikely)Current mortgage loan - $120,000LTV required - 75%Purpose - to supplement deposit for new propertyLoan serviceability - not a problem (salary income)Don't want to do a cash out refi, as the rate on the current loan is very low.Any suggestions welcome!
Matt Sora
Tenants having Renters Insurance?
30 August 2022 | 4 replies
I see many posts here on BP where a tenant had water damage, or the fridge broke and the tenant wants them to pay for spoiled food or to be relocated - this is the purpose of renters insurance.
Alex Uman
Thoughts and Opinions on Norristown
28 October 2021 | 12 replies
We did go into Pottstown one Saturday to check out the neighborhood for investing purposes and we stumbled upon their downtown farmer's market, then ate at a cute breakfast shop, and checked out the other local shops/boutiques.
Adam S.
Self-managing in Indiana from out-of-state
8 January 2023 | 14 replies
(c) A person who fails to comply with subsection (a) becomes an agent of each person who is a landlord for purposes of:(1) service of process and receiving and receipting for notices and demands; and(2) performing the obligations of the landlord under law or the rental agreement.