Hi Everyone! I am in the process of setting up multiple LLCs and need to manage the rents and expenses within each LLC. I need to get a business credit card for each one. Has anyone experienced how that impacts your c...
I’m new to rental property investments. I see some in my area that look to be in decent shape but says the property was built in 1886. What would be reasons to shy away from a property like this? I’m up for the challe...
Fellow NEPA Investors, I currently have a 3 - unit multi family in Dunmore, PA. I have owned it since June 2018 and all of my leases are ending March 31st of this year. My leases / tenants were inherited...some inf...
I am at an impasse in my legal setup. My original plan was to buy 3 properties and then set up an LLC. I am now thinking more longer term. I considered a Series LLC, and I also considered just sticking with umbrella...
Good evening Colleagues,
I join BP just about 2 weeks ago and this is my first post . I sent out a Yellow letter to a owner of a small Commercial building in the Bronx , New York back on November 20 and 4 d...
Hello, I listened to BP podcast 197 earlier on my drive home and learned quite a lot from listening to Chris Heeren. Towards the end of the podcast he spoke about protecting your investments and a few things really st...
Hello! I found this EXTREMELY helpful forum while Googling for info on LLC's as they relate to rental property ownership. I've already ready a ton of very good info, but I have some specific questions I can't find ans...
My offer gets accepted today! It is a center hall floor plan. I plan to remove some halls to make it open space. However, neither the seller nor the agent have the floor plan.
Can someone tell me where I can get a f...
I am converting a Townhome I own and lived in for the last 2 years into a rental. I have had several potential tenants ask if I accepted Section 8. I have told them that I am not set up to do so yet; however, I am con...
Hey Everyone! I'm in the process of closing on my first investment property in California and I'm going to put it under an LLC. Does anyone recommend opening the LLC in another state with potential tax benefits, or do...