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Currently I had ten rentals in bay area California, most being duplexes and fourplexes. In the past, I hold these rentals under my name. I had a $5M umbrella policy to protect myself, at least that is what I think....
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I had a prior CPA set up my LLC and they also made it an s-corp. New CPA is telling me to dissolve it, don't need it, costs me more than it's worth. My own research is leading me to believe I don't want an s-corp tax ...
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Hello All, I thought I’d give this a shot, first time posting on here. I recently signed and agreement to purchase a property the old landlord did not have any leases with the tenants as they were all family (property...
Hey BP family, hope everyone is well. After much research and putting in offers on multi family properties, we (wife and I) finally have a deal under contract, a 14 unit 1 bedroom complex. It's a fixer upper, but ...
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Hello,I am a new Fix and Flip investor currently investing in the Knoxville, Tennessee area. I've ran into an issue with an auction deal that I have just purchased and I need your help!I was the winning bidder of a pr...
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Hi all,I recently purchased a duplex with both units occupied close to the university campus and have been planning on moving into one of the units. The tenant that I would like to remove (the front tenant) is on a mo...
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We just had a new tenant move in on October 1, security deposit and first months rent were paid to us fine, no issues. Come November 1, we did not receive our rent, so I reached out to the tenant and she played it of...
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I have a motivated seller whose property is up for a tax sale. He claims to be the owner but he is not the owner on record with the county. He says he is a real estate broker and that he obtained a quit claim deed f...
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Hello,I'm getting ready to do my first deal, and was thinking about proceeding with getting an LLC.I attended a Fortune Builders event several months ago, and was contacted by a company called Nevada Corporate Headqua...
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Last Friday I went to a company to set up my llc and to establish the business so I can begin to build credit under the llc. I would like my first property to be 3-4 unit buy and hold rehab. So my question is what sho...