Mike McGuire
LLC for each property?
My CPA suggested forming seperate LLCs for each rental property I purchase. He states that this limits my liability if there is an issue with one property. I have just one property currently, but I plan to purchase a...
Matt Walden
S-Corp Conversion to LLC Help
When I first started out about 15 years ago my business partner put two properties into an S Corp. The two properties are owned outright no debt. My question is how can I convert this into an LLC? I realize now it ne...
Ryan Magnano
Where is the best place to get a lease written?
Hi, everyone. I've been using a lease I found and modified since I got started. However, it is a pdf file, and is a huge pain to edit. It also looks kind of hacked up after adding in everything extra that I wanted to ...
Kerim Kerimov
I'm 16 I have some questions about virtual wholesaling
The first question I have is about title companies how will i get my contracts to them can I email it to them
The second question is how can i do due diligence
I know its going to be difficult but i want to do my fi...
Jeff Sacco
Certificate of Insurance
Hi All,How many of you request a COI from vendors performing work on your property and do you ask for anything special or do you just ask for a certificate to prove they have insurance and the information necessary to...
Marci Stein
eviction cost
my lawyer intially said his cost is $500, but just got billed for add'l fees for filing, etc, and the total is $975 !!what is the typical cost for evictions these days? does this seem unusually high? i'm in NY---tha...
Jon Coleman
To B or not to B.....Corp
I am interested in potentially starting a benefit corporation but am unsure if it really makes sense to incorporate that way in this industry. I found a thread from about 8 years ago on the forums discussing benefit ...
Bill Quigley
Legal question on Lien
After our first flip (in Central Illinois), the contractor submitted an exorbitant bill and then a Mechanics Lien. I went the legal route and hired an Attorney. Now on Aug 1st my attorney submitted a Motion to Dismi...
Sean McCrory
Wholesaling "pretty" homes to retail end buyers using straight options
Hello BP,I have been looking at a bunch of different strategies for getting started and a few have really caught my attention.I live on the North side of Houston and one of the REI meetup groups that I attend is hoste...
Akshay Wattal
What happens to the rents paid by the tenant when PM company goes out of business?
Hi all,The owner of the property management company managing by rental unfortunately passed away a month back. Their attorney had reached out and mentioned that the company was out of business. The tenant had prepaid ...