Nicholas Mann
Multifamily Building Super (lease/agreement)
Hello All,I am currently under contract on a 6 Unit property that has a live in "Building Super" on premise. The sellers told us that he performs various tasks and does minor repairs around the property, as well as a...
Jennifer Osborne
Use application site, should I still require SSN on file?
I use mysmartmove to do credit checks, background checks, eviction checks, etc. Should I still require a separate application and/or should I require SSN#'s on file to continue to check on tenants?
Joshua Roat
90 Day Challenge: Week 4
Going to keep my week 4 update rather short as I'm getting anxious and want to start sending letters out. I was able to write up a letter over the weekend and started drafting a sample lease option contract. The goal ...
Ivan Chavez
Personal mortgage vs commercial mortgage
Hello all, I’ve currently got one rental and already have an LLC acting as the property manager. I’m curious to know how many personal mortgages I can have before needing to go the commercial loan route.. also, once I...
Benjamin Misner
SUBJECT TO-Home Owner Insurance
On a SUBJECT TO, since the deed has been transferred over you, do you need to get home owners insurance? Or should you be added as "additional insured" on the property with the person who keeps mortgage in their name?...
Christine Watson
BRRR - How to put property into an LLC when I refinance
Hello BP,
I would like to finance a BRRR project with HML. Will I be able to put the property into an LLC, when I refinance? Exactly, how can I put the property into an LLC. Many thanks.
Au N
Real Estate LLCs and How to Run Them
Hello All,
I'm new here, but have taken some time to read through this site for this question I have. Chances are, the answers here somewhere, but I couldn't find it. So I apologize in advance if I'm repeating a ques...
Andres Manco
When is the best time to open an LLC when investing?
Hi BP community,
I own a duplex since 2020 and just bought (01/2023) a SFR to fix and flip. I have both properties under my personal name.
In the last few months I have been trying to get more active into investing,...
Daniel B.
Property in personal name, does lease have to be too?
Hi, I just purchased two properties today. Due to loan requirements the properties are in my wife and my personal names. Was told by my insurance agent this is also cheaper insurance compared to if it were in an LLC...
Account Closed
Best practices for bookkeeping if not under LLC
Hello,I’m closing on my first deal and have decided to hold off on putting the property under a LLC. Since I wouldn’t have an EIN to create a business checking account, am I allowed to simply open a new personal check...