How can I protect my assets, I am owner occupying a duplex in Middletown, Connecticut. I currently live in the first unit with a roommate and have tenants upstairs, Unit 2. I plan to officially move out so my roommate...
Hello, everyone! I've been clearing debts, saving, scanning the market, and lurking the BP forums for a while now. And I've found a deal I'm comfortable pursuing. But I need a bit of insight. The home is a 2b1b, in a ...
I have a rental townhouse with an HOA. There is a master insurance policy for the area that covers common walls, roofs, etc. As expected, there is a deductible for this insurance coverage. What is news to me is that t...
Hi BP!Is it common for refinancing banks to require a personal gtee even if they're lending to an LLC? Isn't the point of the LLC to limit risk to the investor? Additionally, if there is a personal gtee, won't the loa...
Hey BP!I'm currently in the process of setting up my LLC, primarily for asset protection, and working towards "legitimizing" my Real Estate Business.Just curious how many of you have actually experienced a lawsuit thr...
I purchased a property in Dade County in 2013. The property was on the same parcel as another condominium building.The purchase contract stated this in the additional terms-“Seller, as a condition subsequent to closin...
PLEASE HELP!The house I just purchased on December 6th has just received mechanic's lien for $15K for what I would assume would be for the new the roof the seller's put on the house prior to closing... Can this lien b...
I'm getting ready to rent out my first few rental homes and have been on the fence with the subject of requiring renters to get renters insurance. It seems like many leases I have looked at require it, but I fear tha...
I am considering purchasing an hoa foreclosure where the original owner is deceased, and the HOA is foreclosing on his estate for lack of payment of dues. There are no known heirs of the deceased and, as far as I know...