Chad Coleman
Tax consequences of transfer a house to LLC and rent it
I have lived in a house for 4 years and moved recently to a different house. Was thinking to transfer the old house to and LLC and rent it out. I think since I have lived in the house for full 4 years, there will be n...
Mike Boss
Advice on who to use to start an LLC
Here are some questions. I’m thinking of starting an LLC for when I purchase properties for flips. I was wondering how much it typically costs? And is there an annual fee to maintain the LLC, how much is it? I’m hopin...
Nicholas LaGatta
Atlanta Exception to Contractor Licensing Requirements
Hi BP Team,I'm under contract on another property in a historic district in Atlanta on a busy road. This is a complete and major rehab, so I've got an architect that I know can get plans and a certificate of appropri...
Dan Simpson
How to give this house better curb appeal?
So I have a house under contract and from the first time I've seen it, I've been pondering what to do to the front of it to make it stand out better. So I'm posting here to see what ideas any of you may have. Here is ...
Brent Raber
Tenant moves unexpected- Leaves all Items. Eviction needed or not?
A friend has a rental property in Marysville, Ohio. Three months remaining on the 12 month contract. She texts the landlord and says " I am no longer able to care for you home and have moved out of the property." She ...
Nikhil Mascarenhas
CA out of state investors, what asset protection strategy do you use?
I have about 4 properties out of state and I live in California. I'm interested in learning what others in a similar situation use for asset protection from potential lawsuits. Here are some strategies I've come acros...
Michael Nguyen
DSCR loan for an LLC multiple members. Does the lender look at all credit scores?
New to this community, heard great things. New investor looking to learn a lot. Thank you in advance. As I mentioned I’m a new investor. I am creating an llc with a couple friends as we go into this new endeavor. My q...
Dean Valadez
Bookkeeping and Cash Flow Questions
Bookkeeping questions:
I purchased a property with cash flow, according to my calculator, on day 1, but knew it was a value-add opportunity. Since the acquisition, I have done upgrades. Technically, I know that with ...
Christopher Abernathy
Did i over pay? $417k for san bernadino or highest cashflow ever?
I just put this property under contract at $417k on an FHA WHERE MY MORTGAGE SHOULD BE ABOUT $2,700, with $14,700 down. The property is .96 acres and it is zoned "light commercial "as you can see from the pictures I...
Joshua Lupo
Albany Vs Troy Vs Schenectady?
Hey Everyone!I am looking to buy my first rental property by the end of the year and currently live in Saratoga Springs, NY. As I am looking for multi family properties, I have been assessing, visiting and analyzing p...