I've read that you should 'have a lawyer set up your LLC' for maximum protection. What are the benefits to having an attorney set it up vs doing it myself?I've been researching the required documentation/paperwork/pub...

Hi all, I ran a criminal background check on a tenant applicant.  Due to his criminal history, I rejected him.  He is requesting a copy of this report.  Is there a law in Illinois/Aurora that requires me to provide an...

Hi All Recently purchased and Rehabbed a property in Atlantic City NJ  for the purpose of Short term rentals airbnb etc. I do own another property that I house hack in NY. I now want to set up a LLC for this property ...

Hi,

I have my LLC registered with the State and this is surely a newbie question but, Do I have to apply for an EIN before I conduct any business or open a bank account in the business name?

I checked the website of Rentprep and Smartmove, it says you (landlord) can pay or the tenant. How does that work exactly? Do I need to collect a check with the application from the tenant and then pay it as I screen ...

Hello Investors,
I want to get an LLC for my REI, but not sure if I should just do it on my own through the State website or hire an attorney. My reasons on doing it myself: Pros= quick, cheap, simple                ...

Hi BP Community,I'm preparing to buy my first property in Houston, Texas. I am wondering if anyone has purchased the Texas Landlord Forms from Bigger Pockets? If so, do you have any feedback?How do these compare to fr...

I’m a newbie trying to buy my first door in Detroit (duplex or single home), I live in Detroit & am looking to invest on the east side. I see lots of presumably abandoned properties that at least on the outside lo...

I was struggling with which state to form my LLC and also interested in the Series LLC.  One of my close friends is an attorney and he suggested that I form the LLC in our home state (MA).  Question: Does anyone have ...

Hi, I just bought my first investment property, I am paying my first mortgage payment.  I was informed my mortgage was sold from the original bank I made it through.  I received my first paper statement, all good, sam...