Peter Seely
LLC or just Good insurance
Hi All,
I am a new investor who will purchase his first US property as a rental and I am wondering if I should open an LLC or would purchasing adequate insurance and an Umbrella policy do the trick to protect me.
...
Aaron Phillips
I can't leave Square 1 ! Minimal Capital & Low Credit
Hey BP,It's me again and there is so many questions I have that I know I could probably find here on the BP forums, but I find myself in the same rut. Money & Credit. I myself come from a very poverty stricken are...
Reid Simonton
Lender won't allow transfer of ownership to LLC
Hi all,
This is my first post on BP - I looked around for similar questions/answers and couldn't find a good match so I figured I'd go ahead and post; hopefully this is the correct forum for my question. First, a li...
Robert Arnold
Have you had a loan called after transferring a property to LLC?
Purchased a property in my name with a 30 yr fixed mortgage (big corporate bank). Have sense formed an LLC. Planning to transfer into the LLC. Would love to know if anyone has done this and the bank called to load due...
Elenis Camargo
$1.3 million in deals done in 2 years from out of state!
When my husband and I purchased our first rental property in February of 2018, I never imagined that in 2 short years I would accomplish $1.3 million in real estate deals! It’s been a fun journey so far and I wanted t...
Henry Clark
Self Storage- LLC Operating Agreement
Along with creating an LLC entity and creating a "Certificate of Organization", you need to have an "Operating Agreement".Attached below is a redacted copy. Virtually anything can be written in to this agreement. Wh...
Mindy Jensen
What is your biggest challenge in 2017?
Hey there, BiggerPocketeers!As we begin 2017, what do you see as your biggest challenges your business faces? If you're a new investor, what challenges are you experiencing in getting your first (or next) deal?
Bill Mitchell
How fast can you setup an LLC?
I have been wholesaling up until now using my name on the purchase and sale contracts. But I have been closing them regularly enough that I think its time to consider setting up an LLC.
Typically how long doe...
Mitch Conrad
Syndication vs Private Fund LLC
My wife and I own and operate 23 senior living communities (assisted living, memory care, and independent living) across Colorado and we are now expanding into Arizona. I've often had people ask if they can invest to...
Philip Abbey
Paying off debt vs. investing in real estate
Hey everyone, I am wondering if it makes more sense to pay off existing debt first such as student loans credit card and car debt, or to save up instead to put a down payment on a rental property to bring in passive i...