Gaurav Vedi
How to create LLC/Scorp structure for Rental properties
Hello all,I have multiple rental properties but haven't created any LLC structure. Now that I have read multiple posts and received recommendations from others and read BiggerPockets threads, I am inclined to create E...
Chandler Ludwick
Is the LLC path common?
I like the liability protection an LLC provides, but everything I read says that banks won't lend to LLC's (or allow to deed to an LLC normally). So do most of y'all not go the LLC route? I am assuming then you would ...
Jorge Borges
Tenant Damage, Excessive Filth and Withholding Security Deposit
Hi BP,I have a real knot in my stomach with this one. I have been renting for 6 years. And have never seen something like this. I know this pales in comparison to some of the war stories on here. But I really need hel...
Varun Hegde
CFD Seller missing borrower's DL or proof of title insurance - is this a red flag?
In contract to purchase a CFD in MO. Have done most due diligence items, but I'm stuck on two pieces that I'm not sure about.1. The seller doesn't have the borrower's driver license or any identity verification paperw...
Anthony Buoncora
Security return dispute
I purchased a single family 5 years ago and have been renting it out ever since to students. It has been going well. It's not without it's headaches but it's worth it IMO.
So after a lease with 5 tenants ended,...
Account Closed
1031 exchange AND 121 exclusion with a twist!
First post. I am a lurker for sure, so thank you guys for all your great information so far.I am single, and currently have a home in Los Angeles valued at approximately $700k. I purchased this home 7 years ago for $...
Simon Obas
Contractor went Missing
Hello. Hired a contractor to rehab my home. he missed the completion deadline and kept saying “just give me 2 weeks”. He then said he underbid my home, and as a result he had to stop working on my home, to work othe...
Darius Johnson
RE Investment property received damage from Tornado
Anybody had a RE Investment SFH property receive damage from Tornado?Family was not hurt, property received minor roof damage, trees down. Anybody have any experiences to share and things I should look out for conce...
Drew Phillips
New Investor as a Contractor
Hi all!Short backstory; I’m a licensed builder in MI and have been on my own for 1.5 years completing structural restorations, insurance claims (roofs, siding, floods, etc), and about 15 or so bathroom remodels. We ha...
Scott Smith
Legally taking property for no money:creating title by mere possession
Adverse Possession Under Texas LawJust because a property has a defective chain of title doesn’t mean you should rule it out right away. Adverse possession can clear title by merely occupying it for enough time. As an...