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...
I was recently advised by an attorney to open up a traditional LLC to not complicate overhead, accounting, bookkeeping when starting out. While a LLC could be sufficient, I did not want to have to transfer properties ...
I have one single family rental and looking to buy another. I have had trouble finding good advice on the best strategy for setting up an entity to hold my rentals in. Any good books to explain exactly which states to...
Alright "tax" friends... I need some clarity. I just heard someone say on a podcast, that they hold all of their properties in an LLC, because otherwise, they can't claim the deductions such as Property Management, mi...
Hi my name is Nick and I'm a newer member to Bigger Pockets. I think this resource is great and I have been utilizing this as well as the podcasts! Both are great. I have a rental property in southern Indiana and I...
Hi I'm in the Northern Virginia area, looking forward to networking with others to learn the business. Right now my head is in the books trying to learn as much and as fast as possible (I feel like I'm behind the rest...
Is there special insurance you need to have on flips to make sure the asset is covered during rehab? What are all the type of insurance that need to be in place?
Umbrella policy? etc?
Hi All,
I am using the Bigger Pockets lease for MA residents. There is a clause about renter's insurance (#19.B). My question is, do other MA landlords require tenants to get liability coverage in addition to coverag...
We own all our properties in LLCs with mortgages in our personal names as we switched them to the LLC after purchase. We never had problems with mortgage companies accepting the insurance in our LLC names until this y...
We (wife and I) have one rental property, in our own names. I am seeking to limit legal liability in the event of the unfortunate occurring. I have always worked for 'The Man' and have 0 experience in starting an LL...