Sam Li
How to protect your primary residence from rental properties
Hi, I am new to BP and also new to real estate investment. We started to invest in rental properties earlier this year and under our personal name currently. I have been hearing about setting up LLC to protect your pr...
Sonny H.
Where can I get good deals for Multi Units in the N. side of CHI
Where can I get good deals for Multi Units in the N. side of Chicago? I looked everywhere, MLS auction.com and wholesalers and cant find any good deals below 250k. I was wondering how can people buy rental properties...
Tina Jenkins
How do I file for an LLC that will cover me in multiple states?
I am just getting started I have rented before I have one piece of real estate that I am trying to rent now I want to buy an apartment complex and keep building my portfolio. I just need a little bit of advice on prot...
Trey Fischer
Looking for some advice regarding the best path forward
Hello, I have a couple of general questions to ask, but some background. We rented out our first home for about 5 years, so I am familiar with land lording and all the work that can come with that. Towards the end ...
Mike Coleman
Reasonable lender request?
I am already working with a mortgage broker and have run into this issue:I own a SFR outright, but the last tenants did a number on it. I wanted to roll repairs into a note and borrow against the property. Appraisal...
Uday S.
Beginning investor question
Based on the podcasts, I understand that it's advisable from a Liability point of view to have a LLC for each of the investment properties. But, as a beginning investor, I was told that a new LLC will not qualify for ...
Brian Kempler
Lease option a junker or only take title?
I listened to a speaker who said he never does lease options on ugly/cheap homes, he only takes title subject to existing financing on those.Do you guys agree? If so would you walk away from a potential lease option d...
Nathan Scarborough
Hello from Little Rock, Arkansas
Hey there everyone, I'm 28 and getting tired of paying other people's mortgages for them! I'm seriously considering buying my first home when my current lease is up this fall, and from what various calculators are tel...
Haven M.
Due Diligence on Private Lenders
I have had a couple of discussions with a private lender and have a couple of questions to put to the group.The basics:The lender provides funds to cover the down payment and reserves for minor repairs on 2-4 unit pro...
Carlos C.
Location of your LLC
One general question... Why is preferred or suggested to form the LLC that owns the RE rental property in the same state where the RE is located?