Alan Becker
Quit claim deed to put property into LLC
I have a rental that I own outright. I want to put it into my newly formed LLC before I finance it to regain capital for investing. I've heard that the easiest way is to use a quit claim deed. Does doing this affect t...
Alan Brown
Any great tips on avoiding deposits for utilities?
Just bought 12 units and the utility wants me to pay an average utility deposit for ALL of them together, which represents something like $4200 up front... I want to make sure that if a unit goes vacant, the utilities...
Max Bellino
Give me your advice
Background:
My grandmother who is unfortunately needing full-time living care owns a three-family property and because she has the care now the state could take the property. My grandmother would want the asset to s...
Alan Lafontaine
Looking for connections/networking in Rhode Island
I live in Rhode Island and am looking to get started. I'd like to get some networking under my belt so I can begin the journey. I currently own to properties; my parent's home in which they live and my own home. Now, ...
Ryan Jacques
Advice - Line of Credit on a STR
Hello BP Family, I recently opened my first STR property, which is owned free and clear. I'd like to use the equity to invest in additional properties and received the below loan terms from my local credit union. I'm...
Frank Paz
Full Service Property Manager Decision Assistance
Does anyone have experience with Awning as a property management company for short term rentals that they'd be willing to share (good or bad)? Alternatively, does anyone have experiences/recommendations for local full...
Nathan Trail
Borrowing a GC license in Georgia
I am considering getting by Residential GC license in Georgia. One area I am exploring other than actual construction projects is renting/borrowing out my license to others to use. Does anyone have experience with t...
Alan Clarke
Property Manager and Insurance question
I am about to rent my first house and I will be using a property manager, I have some question about the contract. The hold harmless part states:HOLD HARMLESS: OWNER (me) agrees, at OWNER'S expense, to indemnify and...
Ed Ricketts
Non recourse Loan
My solo 401(k) trust owns 93% undivided interest in a home (free and clear). My wife owns 7% in her own name. Can I use cash accumulated in the solo 401(k) to buy her out so that I may get a non recourse loan on the h...
Alan Francis
Anyone Familiar with Indiana Land Trusts?
Hello,
I purchased my first buy and hold property late last year under my personal name. I'm looking to start adding more properties later this year and decided I better get a business entity established sooner than ...