Hey everyone,
I'm just curious as to what amount of liability insurance coverage most people have on their SFR's?
My insurance agent wrote up a policy for $500,000 of liability coverage plus $1,000 medi...
Hi BP Friends,
I would like to setup my investment property under an entity or corporation. I want to protect myself against tenant liability and asset separation protection.
Doe...
Is it possible to combine 2 LLCs? Lets say I have 100 identical single family homes in one neighborhood owned in two LLCs. 20 are 100% owned by one owner. The other 80 are 50/50 between the original owner and ano...
Hello, I am in the process of closing on my first rental property. I've read/been given differing opinions on whether I should transfer title into an LLC right away, thereby making the lease between the tenant and the...
Hi all,Im currently holding a property under an LLC last November. I hired a CPA to do our taxes and bookkeeping. Recently, he sent me an invoice for all his services. It was about $550 for the tax returns, which is q...
I'm trying to decide how to create my LLC. I am looking at 3 different options.1. I have spoken to 3 different Real Estate Attorneys in my area (Menifee, Ca.) who want to charge $1,100-$1,800 + Ca. fees to create a ba...
Hi All - my business partner and I jointly own a property in the Philadelphia area and we'd like to transfer ownership to our LLC. However, our property is still mortgaged so we want to ensure this doesn't cause any i...
Hello BP members.I am a foreign investor that invest in Detroit city and Detroit suburbs like oak park, southfiled and fergminton hills.I have a 25 properties.I have to be honest and say that i am not an expert of ins...
Pretty simple situation for most but first time for me. I'm moving in the spring would like to rent out my current home. Initially thought I would set up an LLC but keep reading about banks being able to call on ...