Main Questions: What does it mean to "breakeven" when renting out a room in your property? Is it worth it to invest in your own property in an expensive city like NYC? Or do you think one should focus on "real investi...

Getting a lot of mid-term requests through AirBNB. Any drawbacks to doing monthly+ rentals through them, instead of through a company like Zillow that includes an application and lease agreement?Do I need a lease for ...

Hey BP,I am a landlord looking to expand in rental properties. I've done it the traditional way of using my credentials; credit, job/salary, personal info. to getting a FHA loan. Although, initially the property was f...

Hello and thank you in advance for any guidance provided.I have a "subject to" deal/opportunity that I am doing with 2 newbies.  They approached me with the deal because they couldn't get the math right nor a bank to ...

I have  just bought a house in CT and at the moment it has electric baseboard heating and a pellet stove. At the moment I live in the house, but I am considering renting the house in the next year or so. Usually renta...

Hey Everyone! I'm in the process of closing on my first investment property in California and I'm going to put it under an LLC. Does anyone recommend opening the LLC in another state with potential tax benefits, or do...

A bit of a novice here so please be gentle.  I own a 1100 sq ft house in SC that currently has a Natural Gas wall mounted unvented heater for its primary heat source (1 unit).  I have used this for 4 + years with no f...

Hi BP Family! My partner and I have done three flips int he past, but this is our first buy & hold.  Would love to get some advice regarding LLC's.
My Partner and I recently bought a property in South Plainfield,...

Hello wonderful community! We would like to put our current apartment up for rent. Can anyone direct me toward any resources on how to start this process? Meaning, should I set up an LLC? What are some good sites for ...

I'm considering getting a first rental. I'm considering getting an LLC mostly to protect current personal assets. Would you suggest to get the LLC or not and why? Is it possible to get a mortgage for the LLC?