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Good afternoon BP, I am currently looking at purchasing my first investment. It is a triplex and looks to be a sound fist investment. I am wondering what kind of insurance I will need as I will be both living in one u...
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Fellow landlords, I'm wondering if you all worry about hiring "handyman" type help around your properties? Do you worry about hiring someone that doesn't carry liability insurance? In addition to the 4 rental proper...
Hello all, I have decided against moving my 2 properties into an LLC and instead will opt for umbrella insurance. I have often heard on the podcast that it is only a matter of time before a landlord gets hit with a la...
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Hello everybody,
I've found several (3) properties which interest me. They all are owned by the same LLC. The person who I've been negotiating with is the principal of the LLC.
She suggested that one a...
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Hi everybody. Back in 2013, I purchased a home where the owner financed 85% of the property. It was a bad deal from the beginning but my lack of proper full investigation lead to my paying all utilities because he did...
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So I'm shopping for life insurance and it's completely new to me so I'm kind of nervous about who to go with. The difference in the price quotes is why i'm confused. I'm looking for $250k for 30 years. So, for exampl...
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Is serious LLc is a good way to protect your assets? Also is it better to property is your own name or Llc? Say if u let your LLC expire will u lose the property in the LLC?
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Whenever a cloud passes overhead in my neighborhood, the "storm chasers" aka roofers start ringing the doorbell saying hail was in the area and they can likely get me approved for a new asphalt-shingle roof and siding...
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Hello BP community,
Had a large fire at my complex and dealing with insurance for the first time. Getting lots of advice and input, but still a searching for the right answers. To start off, I need advice on:
1) Pub...
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I currently own one single family rental property and am looking to purchase a duplex or a triplex next to rent out. Would it be in my best interest to create an LLC?
I'm a newbie here and am looking for all the guid...