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I need some advice. I have an attorney who will charge $1,500 to place a new rental property into an LLC. The LLC exists already. Thoughts?
There are about a million posts about asset protection, usually having to do with asking how to go about doing it, or what the 'best' strategy is. There may be posts about the topic I'm going to ask, but it's drowned...
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My Father-in-Law is a contractor and a real estate investor and it's something my husband and I want to get into too but have a few financing options. Wanted to get y'alls opinions and personal experiences.
1. We hav...
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Hi BP! First time posting. Just wanted to get your valuable inputs.So I'm in contact with a seller (probate lead) who is motivated to sell his deceased relative's property. The property has fire damage so the kitche...
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Afternoon,We are in contract for a 12 unit complex built in 1968. I've gotten 2 quotes one for 7800 and one for 5800 per year. This does not seem right. I've seen Ben Leybovich say it should be around $250 a door h...
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Hi BP!
About a week ago my tenant called at 11:30 at night stating the toilet upstairs was overflowing and is seeping through the first floor ceiling. To summarize, all of the upstairs laminate in the master bed, ha...
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We have 2 SFHs. One in VA and the other in GA. We're transferring both properties to separate LLCs. The VA attorney is using a warranty deed to transfer our old house into an LLC. The GA attorney said it's "safer" t...
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My husband and I are actively looking for an investment property in TN. One on our list has good numbers, BUT it has a pool in the back.
What liability would I have as a landlord if there were a pool accident while...
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Hello Fellow Landlords, I'm closing on a property Friday and I've gotten a bunch of insurance quotes. But I've realized these aren't apples to apples. I'm buying a property for $78,000. I'm thinking for 1 mil...
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Hopefully I'm not alone with this question, but I feel as of one topic generally gets over looked or glossed over at best. This is a simple question of starting your actual buisness with your rental properties.
I bel...