Anyone with Air Bnb arbitrage experience. When starting out did you create an LLC?If so, I am assuming one LLC is enough to cover as many units that you scale to.I read an article that said opening up a separate LLC f...

Hi team, I purchased my home in 2018 and it will soon be my first rental property. I would like to manage my property and future investment properties under an LLC. I've looked into different websites such as Zenbusin...

Hello Everyone,I have a 4-plex that has a spare bedroom off of the second floor hallway. It's 104 square feet, bright with 2 windows, and has no rooms adjacent to it (only the hallway) so it's quiet. I'd love to be ab...

I'm in the processing of buying a rental property. I'm thinking I want to set up an LLC, but the law firm we're using is very busy, and it will probably take a couple weeks for them to set it up.  Originally I was pla...

I am a new landlord about to have my first lease signed. I'm wondering about listing rent in my lease agreement. We have agreed on $1400 plus $20 x 2 for their two pets so $1440 total. In the agreement do I state that...

My CPA advised that since I will be managing the rental myself, rental income qualifies as Active (=earned) income (vs. Passive).
Does that sound right?

View report*This link comes directly from our calculators, based on information input by the member who posted.

Hey BP,My Wife and I are thinking of selling our property in Inglewood, CAits a SFR 3bed + 1bath1,015 sqft and 6,747 sqft lot sizebuilt in 1942.Last August it appraised for $365k...AS IS!  Selling it for that price w...

I'm thinking ahead a bit, and I had a question about doing a cash-out refinance.For some background, I bought a buy-and-hold rental for cash; it included two houses: a 3/2 in the front, and a separate studio cottage i...

Hi Everyone,

The BP community (you all) have inspired me to begin to take action.

I started with driving for dollars. Spent several days driving around town and identified 261 dilapidated homes to market to. Sent t...