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You need to protect your assets, trust me:When people are getting started in real estate, they often assume they need to form an entity like an LLC or an S corporation first thing. The two main reasons for this are to...
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Dear BP,
I have a couple of ADU units in single family rental properties and am looking to make sure they are properly covered with insurance. I have received contradictory information from insurance agents - my fi...
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Hi BP,I am partnering on a flip with an investor. He will provide the money and I will manage the rehab. He uses a line of credit with the bank and pays 5% on the borrowed funds. I am wondering how to protect myself i...
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Hi All,I wanted to begin a discussion on prenuptial agreements when bringing assets into a new marriage. I know this is a controversial topic, however I thought that the BiggerPockets community was the best place to b...
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Hi thereI have a solo 401k account and have rentals in the account. I would like to learn how other protect their properties against potential lawsuits, in addition to buying enough insurance.thanks in advance
Good Morning Biggerpockets community!, I humbly come to you again seeking guidance wisdom, and referrals! Today, I am looking for a real estate experienced attorney in the Baltimore, MD area. I would like to work with...
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Hi Guys, could you please advise me on the following deal.
I had arranged a short sale on a 4plex from $500 000 to $192 000. The market value is around $250 000. I am using a friend of mines credit for FHA loan. We a...
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Hi there,Recently became licensed and have a few deals pending. Was wondering what the best way would be to protect my family's personal assets from any legal action against myself as a Realtor? Not planning on owni...
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Hey everyone!We had to buy a new fridge for our rental property, which cost about $1000. I'm wondering if we should get the Lowe's 3-year protection plan with it. It costs $150 and they deal with maintenance issue. Do...
I live in NJ with a property that I want to rent out that is mortgaged in my name. I understand that deeding my property to a LLC can trigger a due on sale clause on my mortgage. Question, can I rent/sublet my propert...