Hello!I'm already a few years into a single family home house hack where I rent out some rooms. As I listen to pod casts and do more research I realized I need a separate account to keep things happy with Uncle Sam. I...

An attorney told us that an LLC would be best protected if an irrevocable trust is a 10% owner of the LLC.  We've decided not to retain the services of this attorney.  I'm not asking for legal advice here, just your u...

We currently have a non performing note in Illinois and we are looking for an attorney in Illinois that will handle a foreclosure without us needing a debt collectors license.  Any advise would be helpful, Thanks. 

After 6 very long months, my husband and I were approved to buy a short sale. We went to closing on Friday and the seller and us (the buyers) signed all the documents. The title company informed us that they were sti...

Anybody have a nice profit and loss template set up on excel that lets you plug in your numbers each month?  Looking for it to be geared toward rentals.  Appreciate anyone willing to share.  Thanks!

Hello all you smart BP people!I have a question for today:   How do YOU view debt?    Here are some sub-questions that you can pick and choose from to add to the conversation:--> What are your personal "rules" abou...

I contemplated on posting this article but decided to do it, since it's valuable information. These are some things a lot of us don't want to think about but should consider because you never know...Here's the article...

My business partner and I are buying a rental property (2bd/1ba) in Michigan. We’ve also formed an LLC in the same state. We’ve been preapproved for conventional financing. Because our LLC is new, we’re using personal...

Does anyone know the legal implications of buying a house from an owner who has filed Chapter 13 bankruptcy and the bankruptcy is still active?Would the seller be able to transfer title to the subject to buyer?What ha...

Rather than bore you all with the details, just suffice to say that I cosigned student loans (both government and private) for my daughter's college. Of course as a cosigner, these show up on my credit as loans as wel...