Natalie Lindsey
Rent to own structure
We have a tenant that has been renting from us for about 5 years. He has mentioned several times that he is interested in purchasing the home from us through a rent to own type situation. He has been a good tenant and...
Richard Choi
Setting up legal business entity - Tax, Legal & Accounting considerations?
Hi All,I am working with a business partner to invest in real estate. Our near-term strategy is probably best described as BRRRR single family residential (detached SFR). We are currently in the planning stage, but ho...
Tim S.
Trouble getting Umbrella Insurance policy
My properties (single family rentals) are all owned by a TX LLC, none are located in TX. They are in WA and MO.
My local agent says I need a TX umbrella policy since the LLC is based there. She can't help me I need...
Ron Czecholinski
Partnering agreement
I am partnering with someone to convert a property into a rental. I have a personal mortgage on the property and have had input to keep the deed in my name to avoid potentially activating the due on sale clause. I wou...
Andrew Angell
I have some questions about running STR as active vs. passive.
We are under contract on a property that we'll be operating as a STR and managing it ourselves.We have paper losses on our books from a syndication that generated bonus depreciation last year. We also have an S-corp ...
Mike Dawson
Need help moving forward with incorporating and structure.
I'm a little stuck and could use some opinions on the matter. Every article or post I read seems to contradict the last to some degree, and each answer seems to create 2 questions. I am under the impression that for...
Nick S.
how to put #'s together for seller financing options
i'm working to negotiate on a property from a friend (seller). the seller has been fairly set on their price, but they also are tired of sitting on a vacant property for the past 2 years due to lots of city violations...
Samantha M.
Foundation Issue? URGENT Help Needed (Pictures Included)
I was looking at a property here in DFW near Grand Prairie that was built in the late 1960s. The problem with the house is it has numerous cracks on the interior of the house. The seller told me they did quite a...
Robert Myers
Good insurance vs LLC’s
My wife and I own 13 multi family bldgs in Arizona from duplexes to 18 units. We are not sure if we should put each one into an individual LLC or keep them heavily insured. The thought of maintaining separate LLC’s i...
Oren K.
Tax Considerations for Canadians
Tax structure considerations for Canadians and US foreigners in general can be quite confusing. On the one hand, the mentor courses / boot camps / common advice (including many here on BP) is to just set up an LLC but...