Hi @Parney Willson, my short answer is that there is easier and less risky money to be made in real estate than buying a condo with a rent stabilized tenant, in NYC.1) Condo - lots of additional due diligence needed on the condo association and risk to you if others do not keep up with their dues2) Rent Stabilized tenant - NYC recently implemented a new set of regulations called the Statewide Security and Tenant Protection Act 2019.

For example, if there is only 20 to 25% equity in the properties (that is a protection), there's nothing much for anyone to get in a lawsuit.

The joint venture process won't give you the same asset protection though.

The only drawback I have found in this method is I may loose the Liability protection on my Parent LLC if one of the other LLCs has a problem since it would be listed as a Member.

Hi BPer's,So I'm attempting to take on my first investment (fix and flip). I have 2 other partners on this project. 1 of which is my current business partner in our renovations company. The other is an investor I foun...

I also have a security system in the safe room to protect it.

Protect the cashflow from Higher Interest Rate in the Future. 

Hello BP,I am renting out my first property next week in WA and I have few questions related to property manager.My property manager doesn't have insurance ( General Commercial Liability Insurance and Errors and Omission Insurance proof)I have both landlaord's insurance as well as an umbrealla insurance.1) How can I ensure I am protected because of a fault from property manager?

That’s just unfair.I’ll also add that it’s important to protect your lender, Darryl.

A major concern of mine is protecting my personal assets from any issues that may arise in my real estate dealings.