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Hello BP members and investors. I am an Asset Protection Attorney specifically for Real Estate Investors. I see lots of questions on this topic about how to structure your companies and protect your investments, but n...
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Hi, BP family. Quick question..We found a property being sold as is for 25k. However there’s a mold issue (not severe). Work needed is 8k.ARV is 63k. I believe I can leverage the fact that there’s mold to lower the as...
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So I am wondering if this is a legitimate asset protection strategy and would highly value any mortgage lenders or attorneys opinions. I haven't heard this discussed before.My wife and I own several properties. I ha...
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Hello BP, I’m in need of some advice.A few days ago a contractor working on one of my out of state properties was shot. I found out that this was the result of robbery gone wrong. The contractor and two of his workers...
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Hi BP!
So I have seen so many people discuss the fact that as a landlord you have to pay for your units if the something breaks.
You get a call in the middle of the night and you have to get it fixed.
That sounds m...
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I received a phone call from a tenant who is moving out at the end of the month saying the recent plumber I sent out to the property has stolen his tools. I highly doubt the plumber is guilty of this acquisition, how...
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Hey all. My husband and are under contract on a great 2 flat with illegal basement unit off of Logan Blvd in a desirable location in Logan Square with a lot of rental demand. We got it for $635k, thinking we'd be able...
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Does anyone have experience allowing pit bulls or other "dangerous breeds" in low income housing units? What is the liability to the home owner if I put a specific clause in the lease regarding pet behavior and owner ...
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Hello BP Community!I'm a residential investor in FL and I have been considering expanding my portfolio by purchasing an assisted living facility (ALF). This is a very new venture for me and I would be very grateful to...
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Hey folks - so I have a property in a lower-income part of town and almost every tenant who applies has a pitbull. (The animal, not the singer!) Anyway - tenants today know the game. They just need to say "it's a serv...