Michael Pilolla
Do I Create An LLC or No?
Hello Hello BP Peeps,As I get my real estate investing going, I need to know, do I create an LLC or not? I live in California but buy and rent in Oregon. Would I create an LLC in Oregon or Cali? I plan on buying multi...
Jem J.
Umbrella policy for rental units
I'm into my 3rd rental properties (with very decent renters) under personal ownership. We increased our umbrella policy to 2 million. Insurance agent advised that this should be ok. Any thoughts?
Jorden House-Hay
Is Now the Time to Buy Real Estate?
Navigating a Strange and Uncertain Market
We’re rolling into year two of decade three of the new millennium amid some of the strangest circumstances in recent memory. Covid-19 has put governments, societies, and econ...
William Mccurdy
Depreciation method preference
MARCS or straight line depreciation. So as I understand it if I use MARCS I will be on the hook for more in taxes when I sell the property vs straight line depreciation. Still with that in mind what is the preferred d...
Jocelyn Doumani
Help! My tenant is a drug dealer.
My husband and I purchased our first investment property. We renovated it and found tenants to move in on the first of this month. Today, someone randomly reached out to us and warned us about this tenant. That he is ...
Varinder Kumar
Umbrella insurance or LLC for rental
I'm trying to be extra cautious incase something happens at my rental in which I would need more coverage. My friend put his rental in a LLC and he states it will cover him if there is a lawsuit etc. My realtor was r...
Steve S.
Unauthorized pet
I have a tenant who said they would like to have a German Shepard. I agreed and they paid the non refundable pet deposit of $300. I did a drive by and saw that there is not one , but 2 dogs! Do I call him out and make...
Ken Tsai
LLC for rental property - multiple location
Hello BP family, question for you.So I am about to make offer on my first MF units in state of Illinois ( I am in CA) I was told that I should open LLC and have property under for tax and liability purpose.So my ques...
James Meehan
Getting Tested?
Not you getting tested...getting the building tested!
As a Home Performance Expert I run into many situations of uncomfortable, unhealthy, and too often unsafe indoor home environments. When it comes to getti...
Mila F.
Can I deduct for this from the Security Deposit? (photos)
I have tenants moving out in a week, and they asked for pre-inspection. It's just a couple with a dog and a cat. They stayed a little short of two years, always paid on time, but left more wear/tear and damage than I'...