Hello all, Looking for some help for the BP folks....My business partner and I currently own 4 rental properties, which we plan to put into an LLC. The LLC has been filed with the State of TN, and once it has been rec...
I'm helping a friend sell a house. He bought this property in 2008 and rented it to someone he felt he needed to help. The tenant has been living there ever since. Turns our he's a bad tenant (surprise? no.). My frien...
Just starting out in buying rental property, should I create a LLC because of taxes and liability?
Is a Lease Term Longer than One Year Really Beneficial?
Hi all, I'm preparing to establish an LLC for my property and future properties. What are the most favorable states in which to establish the LLC. I have read Wyoming, Nevada, Montana, south Dakota and Texas for vari...
I've been in this business for years and years, hundreds of units and untold thousands of tenants later, someone finally filed a lawsuit against us for their deposit not being returned.The story is the tenant was inhe...
Hello! I'm new to house flipping and feeling a bit apprehensive about moving forward with my first deal. Do any of you have some advice for this initial flip? Any tips or insights would be greatly appreciated!
This is my first post and before I continue, I'd like to thank the BP community for their extreme awesomeness. I have learned a lot in an incredibly short time - 3 weeks - and I see no end in sight for learning much m...
Hello, Please forgive me if this is common knowledge. But I'm still learning and I want to stay compliant with a fair housing laws and regulations. I'm an investor in upstate NY I have a vacant unit and a friend sent ...
Heard very mixed things about this topic. Thinking this is the way to go for easy accounting purposes. The idea I've seen and heard is that you create an individual LLC per investment property you own for a couple imp...