I went to an investor meet up and we met with a lawyer who was telling us that regular Insurence is not enough. He said that you want to have an LLC to protect your assets in case something was to happen related or n...
Hey guys,My dad and I were wondering what we should do when it comes to LLC's and Utility payments. Should we have a one LLC to one property ratio or would it be better to have multiple properties under a few LLC's? A...
I am looking at purchasing my first long term rental property and was wondering if setting up an LLC would be beneficial before purchasing the rental home?
New Chicago house hacker here, moving in and starting with a bathroom gut in my own unit. Doing as much of the work myself as I can. My 3-flat was built in 1905 and "rehabbed" in 2006. Should I get my materials tested...
I've been mulling this over for a while now and I'm not sure how much is the right amount to charge in a security deposit. So I wanted to get some opinions. My gut says something like "two months the rent" but that ca...
Advantages/disadvantages of LLc,s
Hi everyone, I am researching about renter insurance and if landlord should be added as additional insured or additional interested. Most articles do not say about if this is a bad idea or not. And it seems to be fine...
We are just starting out and trying to get organized. We’ve heard that protecting yourself with LLCs are a must, but I’m looking for more information in relation to the topic. We are also in the process of finding a C...
I am closing on a house and I am already thousands into the property. The underwriters are now requiring a shared driveway maintenance agreement. However the current owner will not sign said agreement leaving me wonde...
Hi biggerpockets forum!I got a hardwood refinishing job for a SFH. My contractor sent me the picture attached below today (1st layer of stain). All floors are sanded already, only this one room is stained with the fir...