Devlin Melvin
How does running an LLC affect your financing situation?
For example, Ive heard you cant get a HELOC if you have the property in an LLC. Ive also heard you'll pretty much have to put a 20% downpayment for a conventional loan. Are these true? And how else can owning an LLC a...
Jennifer Taylor
STR on Private Res Property
Hi, BP friends. Husband and I are purchasing a property as our private residence that also has a small cottage on it we plan to STR. We plan to personally lease the unit to a newly created LLC and run direct expenses ...
Elaine Lee
Renting out basement of primary residence
If we want to rent out a basement in our primary residence in Ontario Canada, what are the process or things we need to do/check? What are the pros/cons of renting out rooms from your primary residence?
Adam Burns
Am I Getting Ahead of Myself?
I’m looking to purchase a new primary residence as well as get into rental properties (SFH or small multi-families). So my original plan was to put 20% on my new home, and when I sell my house I’m in now use a portion...
Michael A Rytina
LLC BEFORE or AFTER my First Deal?
Hello-I currently reside in Maryland, and my first rehab project is in PACurious which state I should form my LLC, and if I even need to at first?Should I just file as a Sole Proprietor until I get a few deals under m...
Ek D.
Liability Protection : Short Term Rental ADU on PrimaryResidence
Hi,I am planning on setting up 2 rental ADU on my property in Seattle, it’s a 1/2 Acre Lot so space is not a constraint, but I need some inputs on liability protection strategies anyone has implemented for a short ter...
Landon Sheveland
LLC for Renovation Costs
Hello,I am recently get involved with a fix and flip (my first one). The property is in my name as we plan to live there while we renovate. I was wondering if there would be any advantage creating a LLC or business to...
Riley Bohar
Canadians buying in the U.S.
I have a few properties here in Brantford, Ontario but am very intrigued with the U.S. I'm also looking in my own city for deals but with house prices skyrocketing Its becoming harder.I have been reading up on the tax...
Nicolas J
Apartment complex rent
I have a friend that lives in a apartment complex, after a new management group took over they lowered the rent. My question is it legal to lower rent on the new tenants and not offer the same rate on the old tenants ...
Jonathan Taoka
Former Primary Residence
Investment Info:
Townhouse buy & hold investment.
Purchase price: $515,000
Cash invested: $30,000
Bought as a primary residence with the intent to rent it later.
What made you interested...