After move-in, one of my tenants began a business of purchasing used or auctioned cars, doing minor repairs and cleaning in the garage, and transporting to a used car dealership to sell. I was not aware of this activi...

I'm looking for some knowledge around insurance. I own a rental property and it is a LLC. The property has 2 different units on it. The main house and an accessory dwelling unit. Each unit is rented out to different t...

I have been in the multi-family space for a while now but a commercial property just came across my desk and I am trying to run the numbers on it. What are some things to look for that are different from a multi-famil...

Hi everyone,Does anyone have experience buying existing businesses? What are some things I should look for? Here are my concerns:- Providing false records of income. The thing about this business I can look in their p...

Trying to see creative way to plan auto loan and how it may impact on my next mf residential mortgage How bad it may impact on DTI if I have big auto loan, while applying for next investment property mortgageShould I ...

Hey BP,So a friend of mine called today asking for some advice that was well above my pay grade.  He works full time as a college professor, owns his own auto repair business, and also owns rental properties.  He ran ...

I’m interested in securing an auto loan through my LLC. I have good credit, but don’t want an auto loan on my personal credit. Has anyone had experience with this? 

Can I buy a new or old car that i would be using significantly for driving for dollars, or tenant related issues and claim depreciation.Is it required that the car needs to be on your LLC or can it be on your personal...

Currently asking my insurance agent to purchase an umbrella policy and an auto insurance policy.He said that I cannot have umbrella policy unless my auto insurance liability limit is $250k/$500k/$100k.He also said tha...

Hi all,    I am just starting out.  I bought a rental in NC and someone told me that the rent money has to go into a separate account that just is for rental income.... is this true?