Nat Love
Seeing Advice on split living space home
I have a split level home that I want to rent out. At the moment, it’s basically set up for two separate living spaces with separate entrances (the other level just lacks a kitchenette). The house is slightly outdated...
Ben Curry
LLCs and Property Insurance
I'm in the process of moving each of my properties into separate LLCs to segregate them from each other. In the event that one tenant goes crazy and tries to sue me, I want to have a legal separation between the entit...
Ryan Billingsley
New Landlord-Tenant Bill May Force Missouri Landlords To Use PM
It is looking like this bill is going to pass in MO. It states : All security deposits shall be held in a trust established by the landlord and deposited in a bank, credit union, or depository institution account in ...
Victor Lebegue
Minneapolis, St. Paul, MN Utilities
Hello everyone,I looked at a 2700 sq. ft. property today and I need some advice on utilities. I'm trying to break down expenses to get an idea of cash flow every month. Currently the building is vacant. It has 8 units...
Yan Gao
Husband and wife to have two house in two states
Hi BiggerPocketors,I am new to real estate investing and rental property, and hope to have suggestion to my situation here.My wife and I currently live with our daughter in Seattle area, and own a house with mortgage....
Beth Rook
Does each LLC have different EIN?
If you have an LLC for each property or for different businesses, does each LLC need to have a separate EIN? If so, how would taxes be filed? I understand a single member LLC files a personal tax return and that is ...
Raymond Hill
Multi Family Bank Accounts
Hello,I was told that it is important to open up a bank account per rental property. I wanted to know if anyone has done this and if so what are the benefits and what banks are the best to utilize in the New England a...
Johnny Braddock
Los Angeles - Can I rent out a room at a townhome and can I rent to 2 separate ppl
Hey everyone,I'm new here! I want to close on a property in Los Angeles. It is a townhouse/condo. I have the CC&Rs and the relevant section states:(A) Unit may only be used for a single family dwelling.
(B) An Ow...
Jared K.
Sharing a resource I found. A way to separate water meters by submetering them yourself and increase your value!!!
Hello BP!! There is probably already a post on this but wanted to share it.I was doing some research online in response to another BP question and found several resources to assist apartment building owners that have ...
Reece O.
LLC Questions
Hello,
I am not yet in a position to fully use the benefits of an LLC. However, I do plan to use one in the future.
Would it be wise to go ahead and set one up and start building business credit with a secured credi...