I purchased my first property back in January and I'm getting ready to purchase my 2nd. I live in Seattle so I'm starting out with the turnkey route. All properties have brand new HVAC system, hot water and roof so my...
Hello BiggerPocketeers!In an effort to clean up the forums, we're creating an FAQ Forum, where the most-asked questions will be prominently featured, along with some really great answers.I need your help!Please take a...
First time poster seeking legal input. I own a handful of small multi-family units, plus a few single-family rentals all listed under the same LLC. Considering purchase of an occupied quadraplex...from a legal stand...
Hi everyone. I am fairly new to the forum and have been doing a lot of reading to prepare myself for my first deal. I met with a mortgage originator at one of the large bank in Minnesota today who told me that a trans...
The bank holding my mortgage has informed me that they have made a business decision to not allow properties to be transferred to LLC's. I have gone back and forth wether or not an LLC is needed, but after doing some ...
Thanks to the great advice I got from the folks on this forum, I now have a great tenant in place for my first rental starting 6/1, and we are putting an offer on a duplex later this week, so exciting! So naturally I'...
We are just starting out and trying to get the right entity formed before we purchase our first rental property. I have been doing a lot of research on the best strategy, and it seems that every attorney/expert seems ...
This is my first post! I'm so happy to have stumbled upon BiggerPockets this morning. What an amazing site. My husband and I are in the process of purchasing a home in the Lawrenceville neighborhood of Pittsburgh. We...
First thing that will come to your mind, protection against a lawsuit. Well how about a judge piercing your corporate veil to tap into your assets if he or she wants to. I am asking this question because the LLC in th...
Hello AllWe are in the process of acquiring properties for use as STRs. When it comes to insuring the properties, I had been doing some research trying to understand the types of insurance these types of properties sh...