Alexander Beaulieu
How to Legally Protect Ourselves
Hi all, I'm a first time investor and I'm looking to set up some legal entity to protect myself before investing in properties. I've spoken to a couple lawyers and have been told the following two options are my best ...
Reyna Ayala
How many bank checking /saving accounts are needed as a first time landlord
The House is not under an llc. Just want to start setting up as if it were. so far i have thought about creating 7 accounts.1) all rental income account 2) account where common utilities and mortgage will be billed3)m...
Jay H.
How to water proof your tile shower install
When I am installing a new shower, I always use peel and stick tar tape and 6mill plastic visqueen. 1st peel and stick the tar tape to the studs and stick to the top 1" lip of the base and staple to the studs.2nd over...
Doug Woodward
Should I buy a property with an IRS lien via seller financing?
Brand new to Bigger Pockets. Through show 19 so far, but first post.I just got a property under a standard 1-4 residential TREC contract in Ft. Worth, TX for $45K. It is schedule for a tax sale on June 5th (next Tuesd...
Tyler Wotherspoon
AirBnb starting question
Hey everyone, I am looking to buy a house for short term rental in Oregon and wanted to know if I should start a LLC for it or just buy it without one? I know there is tax benefits with having it under one but can I t...
Kris Krabill
So many options with tools & software, what are you using?
We are buying our first STR on Florida’s Space Coast. It is a higher end beachfront home and we plan to manage remotely from Nashville. We have started to assemble our team and feel like we have a good crew to help us...
Kyle Mack
The pro-active landlord: pay for small problem or let it slide?
I always stress open lines of communication with my tenant. One evening, he informed me that the water dispenser on the refrigerator stopped working. He kept saying it really wasn't a big deal and not to worry about i...
Ron Alexander
Being fully covered against Tenant Lawsuits / Rental Properties
Hello Everyone,I owned 3 single family homes,I used to rent 2 of them and decided to sell all of them to have money to go into flipping,the reason I decided to do this and quoting rentals is that I am OVER (maybe not....
Yazan Ayyash
What was the price, rent, and NOI of your first property?
Hello BP,
I have a few questions about your first ever rental property;
How much did you buy it for?
What did you price the rent at?
What was the breakdown of the expenses?
What was the Cash on Cash return,or RO...
Dee D.
Are you still investing in Colorado? Restrictive new law HB 24-1098
I keep seeing posts about HB 24-1098 which severely restricts a landlords ability to evict non paying tenants or restricting folks on rental assistance from the government.
Are you all still investing in Colorado l...