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Results (8518)
Josiah Mouw Initial Contribution on LLC Operating Agreement?
28 October 2020 | 5 replies

My business partner and I currently hold an investment property in our names via an unsecured note. Our initial financing attempt through the broker channel collapsed a week before closing, so we pivoted to a local ba...

David Chwaszczewski First Buy and hold into my LLC
12 June 2014 | 7 replies

I am picking up my first rental and wondering since the loan I am getting is in my personal name how I can put it into my LLC at closing for personal protection.

Vasundhara Ranjani Umbrella Policy for Multifamily Properties
2 February 2022 | 7 replies

We now have several multifamily buildings - each with its own robust insurance policy. However, it was suggested by a friend that we should get an umbrella policy for each building.I inquired with our agent and he adv...

Russell Gronsky LLCs, S-corps Umbrella (Residential/Commercial)
26 January 2019 | 13 replies

Sorry if the below sounds like a rant but this is starting to drive me bananas.I've been looking to set up some asset protection as I have 11 buy/hold residential rental properties that are scattered across 3 states, ...

Sara K Chilcote Michigan Insurance Broker/ Company Recommendations for Landlord Policy
22 February 2023 | 5 replies

I'm in Kalamazoo county, and my landlord policy is up for renewal.  I'm curious who others use in the area.  I have been happy with Allstate thus far, but I'm always looking to maximize my return.  
Any insurance bro...

Nina Granberry What do you do with your cash flow?
7 December 2020 | 80 replies

Hi BP Community,This year in June I purchased my first buy and hold property - a duplex. I know that it is important to have cash reserves set aside for unexpected issues that may arise with the property. However, sho...

Kenneth Stamps Liability question for residential vs. commercial loan
27 January 2020 | 2 replies

I am about to make an offer on a 4-plex in Texas. I will not have the 2 year tax returns in order to obtain a commercial loan (I will have 2 years in April but I want to close ASAP). As such, I am exploring simply doi...

Liwen Gu Homeowner's insurance deductible?
2 August 2017 | 6 replies

Hi, I'm wondering if you all consider home owner's insurance as tax deduction on your rentals? I'm reviewing my last three 3 years of returns where I worked with two different CPAs. I didn't notice this before but I n...

Troy Kerr Indexed full life insurance?
29 December 2015 | 1 reply

Good afternoon bigger pocketers,While going through the motions of moving out of my first rental, I came to the reality that my asset assets far exceed my current life coverage.  I contacted an insurance sale person. ...

Vickie Bruce Do I need Insurance on house that I am renting out
12 July 2017 | 10 replies

My mother passed away and we are renting her house out.  I just became aware that she had no insurance coverage.  Do I need to get insurance if renting it out?  Why is the insurance so expensive?