I need some guidance since i have got diff opinions from diff CPAs on my situation. I have three LTRs (in TX) owned by a TX Series LLC. The TX LLC is owned by a WY LLC (as per advice/plan I had received from Anderson ...
I am renovating my primary home that I plan to live in for 10+ year and probably much longer than that. We have had multiple contractors and others suggest maybe not getting permits due to the fact that the house is i...
What are your thoughts to renting to a tenant who went under Chapter 13 bankruptcy? Tenant that applied has a very low credit score of 545 and is under Chapter 13 bankruptcy. Credit check reported bankruptcy on ...
Hi everyone I’m in the middle of my first flip. I locked up a single family home (roughly 2600 sq feet) with 5 beds and 3 baths for $454,000.The ARV for the area tells us we can probably sell the house for 685-700k on...
Question at the bottom if you hate long posts, lol.
So literally 30 minutes ago, my neighbor who lives across the street told me she wants to rent my home. We are moving this weekend and planned to lease through a P...
Good Morning fellow BPers.. I hope everyone is doing well. I have some questions on whether to sign up for a forbearance or deferral program with our mortgage on our home and 2 STR's.. We have 2 STR's that have be...
Up until this point, I have only flipped houses, but I want to begin searching for rental units to purchase. I have heard it is best to start an LLC for each rental property you purchase, so that if you get sued, they...
Hi Guys,
I am fairly new at this and was wondering, on average, how many times does your tenant asks for things to be replaced of fixed ? I've had a new tenant for the last 3 months and I keep getting requested to ta...
I am looking to purchase an investment property from another investor strictly for the rate. I will make him whole, and I will take the house subto. He currently owns the house in an LLC. If I have him put the insu...
I inwardly cringe when when landlords post about "kicking tenants out" or other commonly used, but unprofessional, terms. The internet is forever, and you never know when something you have innocently posted will com...