Carl Dowdy
Insurance options when property is owned by LLC
I'm curious what options you've found for reasonable insurance premiums when title to a rental is held by an LLC - and you want that LLC to have a few million in liability coverage. If I keep title in my name I'll con...
Jennifer Bott
HELOC Interest Deductibility Used to Purchase Rental Properties
We took a home equity line of credit out on our personal residence, and used 100% of the funds to buy 3 rental properties. My first question is whether the interest deductibility is subject to the 100000 loan limit. ...
Satyajeet Dodia
Is my Entity Structure overkill ?
I need some guidance since i have got diff opinions from diff CPAs on my situation. I have three LTRs (in TX) owned by a TX Series LLC. The TX LLC is owned by a WY LLC (as per advice/plan I had received from Anderson ...
Cassandra Sifford
Detroit RE Market ... What are your thoughts??
HAPPY MONDAY BP FAM!!! I recently went to visit my niece who lives in the city of Detroit. I found it to be a nice, friendly city with a lot to do. Never been before so I wasn't sure what to expect. Made me feel l...
Scott Beebe
Payoff car or buy investment property
Hi,I'm in need of some advice. Not sure I should payoff my car or buy an investment property.Here are some details.Car loan: $12000, 4.75%, 52 months, $240/month$45K in savings. I own my home free and clear. The car l...
Rawn Wilson
Commercial lending practice
I have done single family BRRRR and am familiar with the process. I stumbled across a deal on commercial property and I want to do the same strategy. All of the commercial lenders I have talked to have told me they wi...
John Hagen
Partners disagree on how to accept rent, 2-2 split
We are having a minor partner conversation, not a fight at all but maybe there is room for improvement and I’d like to hear what you all recommend. Of our 5 partners we have a 2-2 split and a 5th sitting this out. A h...
Ryan Hawkins
I have a property under contact, but I have no money now what????
I am a new investor with some hobby investment knowledge. ( I know more then my realtor or mortgage broker. LOL) I have done 2 fix and flips and one buy and sell and have had a rental property years ago. I have a pro...
Andrew P.
How many insurance layers?
Hi All!We currently have 26 units and a LLC. Some of the unit’s title’s are in our personal name and others are in the LLC. We have the normal hazard insurance. We also have an umbrella which is property specific. Do ...
Shawn Quigg
Refinancing in Canada
Hi BP,I’m trying to refinance a student rental I bought in 2017 in Windsor, ON which has greatly appreciated since. I’ve talked to a big-six bank and a local credit union but as soon as they find out it’s a student re...