Paul Stewart
LLC set it up yourself or a Lawyer
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 ...
Tyrel Holman
how to properly use a line of credit.
So my line of credit of 140k just closed. What are some ideas on how to use this in terms of scaling my rentals properly
Christopher Hall
Second house under contract
We have our second house under contract as of today! We currently have one rental and have been living on the military base but we finally were able to get ourselves into a second house. If all goes well next year we ...
Kal Wol
What to consider when doing the 203K loan
Hello awesome BPs.I just learned about the rehab loan aka 203k today and I was wondering if it is a good idea or not. Recently I have got a house that is sitting on the market and needs a serious work on it. The price...
Zigmunt Smigaj
STR Insurance Policy... who do you use?
I cant find a STR insurance policy that inst 5000-1000 in Florida (Quote from Proper Insurance), this kills a lot of profit. Who do you use and how much is normal for a Florida insurance policy either as a business t...
Brandon R.
Multi-member LLC - How do I get paid
I have spent hours reading and cant find this answer. I've talked to 3 CPAs and they all say it depends (given, I haven't paid them it was an initial consolidation for each firm). Please. I need an easy answer. This i...
Eric Hrlbock
Non renewal - move out
Hi all,So I served my only tenant who has ever been late w non renewal papers . Throughout this year they have been late on multiply occasions and I had to serve them many times to pay or quit. The last two times we s...
Vishal Amin
How to manage your General Contractor?
Hello,I am doing a BRRRR on a property, I wanted to know how to handle paying your contractor. I am thinking about paying them 25% of the budget at a time. Just to be safe, this will be my first BRRRR so i want to mak...
Gustavo R.
Avoid double taxation while flipping in Baltimore but residing in Canada
Hello guys! Glad to be part of this community.
I live in Toronto, Canada but I'm starting my first flip now at the end of September in Baltimore/MD, closing is September 20th. The reason why I decided on Baltimore is...
Laura Morgan
Homeowners Insurance for Short Term Rentals
Hi, I am buying a house in Richmond Virginia that I plan on using as a second home/seasonal home. I will stay there about a week or two a year and list it for short term rental the rest of the year. I am trying to get...