Hello! My wife and I are under contract on a second home, and we plan to rent our current house out.  We are excited to start this journey.  We plan on managing the rental ourselves. I am curious if we should start an...

Hey all, I have a fascination with discovering what people do, how they got started and why some people succeed and others don’t. I am hoping that some of you may play along and try to answer the basic questions below...

Since I was asked about LLC's this week I'll share this article I read today.There are four benefits of creating an LLC for your rental property:1. Limit Your Personal Liability
If you own your property as an individ...

This question is for anyone who has a relationship with a portfolio lender, does your lender require a set amount of reserves per property like Fannie Mae? This is not a debate on whether you should have reserves. For...

I have 3 Properties in NV held in an LLC. In addition, I have 3 Properties in CA - & I am planning to move them to an LLC as well.

I have been advised to get an Umbrella Policy in order to protect my asse...

Good day BP,I currently have one 4-unit rental owned in my personal name and I have a duplex (foreclosure) under contract which will also be owned in my name (to fulfill fannie mae owner occupied requirement).  My que...

Here are some questions. I’m thinking of starting an LLC for when I purchase properties for flips. I was wondering how much it typically costs? And is there an annual fee to maintain the LLC, how much is it? I’m hopin...

A group of friends began to discuss asset protection structures and living trusts over a few drinks the other night.  We have done research on these topics and found many different ways to skin that cat.  It turned in...

I just recently purchased a duplex in York County Maine. I wanted to open an LLC  in Maine, and am considering one in Wyoming.  I am looking to purchase further properties in the area over the next several years. It a...

Hi my BP Family!

I've been wondering how I can go about loaning funds to my own company as an "investor" although I'm also the owner. Essentially, as an individual I go get a personal loan. I loan the money out to m...