Kelly Waite
I want to expand my portfolio using other people’s money?
I have just bought my third rental property, all purchased within the last three months. I was able to negotiate three great deals, two of them for nearly half of the market price. All were purchased cash and I have...
Danae Pitcher
Protect Yourself - Please Get An Umbrella Liability Policy
STR Owners and potential STR owners - Here's a little advice. When getting insurance for your STR's, strongly consider getting the additional $1,000,000 liability umbrella coverage. It doesn't add a lot more to the ...
Norman Perkins
Hard Money Loans with down payment requirement?
I was recently searching for a hard money lender in Florida and came across a company that requires a 10% down payment. I have in the past dealt with hard money lenders and never heard of a down payment requirement...
Harris Harris
Title Issues causing Nightmare
I bought a house in Austin, TX in July with full cash and spent about $60K renovating the property. I have a buyer for this property, and we are scheduled to close next month. My title company alerted me that the pape...
Nicholas W.
Has an LLC ever protected you first hand?
So I know this a long running debate about whether a LLC is worth the trouble particularly due to the well known issues of getting conventional financing for one. Many people passionately encourage having every proper...
Dhwani Shah
Made a mistake in purchase contract, how do I correct it?
Hey guys. So my wife and I are in the process of buying a home for ourselves. We have one investment property, but this is the first home for ourselves. The listing price for this was 320k, but we ended up getting it ...
Garrett Canter
LLC Structure to simplify Taxes and Operations
Hello All,I am getting to the point in my real-estate portfolio where the taxes are getting a little unruly. I have 4 rentals that are each held in a separate LLC for maximum asset protection (I know there seems to be...
Michelle McAlister
Tenant destroyed property upon eviction
My tenant in Florida destroyed unit (duplex) upon notice of eviction. Broke windows, punched holes in all the walls, damaged appliances. Do any of you file legal action to collect or do you let it go? I have a prope...
Daniel Johnson
Living a Nightmare on first flip NEED HELP!!!
Hi BP community, Im living a real life real estate nightmare on my first flip. So I just recently finished my first flip with my general contractor who i know personally from him remodeling my own personal residence, ...
Michael Seutin
how many of you hold your rental properties in your name?
After holding a few properties in my name, I decided to start an LLC for asset protection as it is recommended everywhere, so my latest property is held in that LLC.
I find it so unconvenient to have an LLC, insurers ...