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I just realized when paying my general contractor last year, I wrote out some checks to the company and some checks to the name of the owner. Oops! I'm not sure if this matters. I intend to issue a 1099 for the total ...
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I've got a 5-year old judgment in Virginia Beach (total value of judgment, legal, and interest currently around $8,000). I've been able to locate the debtor, who since gotten married & bought a house in the Fayet...
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I own a triplex that when it was held by me personally I was able to keep my insurance and loan rates quite low. Once I transferred the property into a LLC, I had to get a commercial loan, which raised costs and also...
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Hi all:
I've got two rental properties that I'm about to put into LLCs via Land Trusts. I'm pretty confident this will take care of my concerns about homeowner liability and the "due on sale" clause.
My remaining c...
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Happy Investing! We are closing on our rental property SALE April 30th. Planning to take advantage of a 1031 Exchange. To avoid a legal nightmare, please reply if you know of a reputable company, with a long track re...
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Hello BP Community,I am new to being a landlord and would like your feedback on a prospective tenant.This person lost their home and wife in a tragic single home house fire in June 2020. His insurance company is placi...
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In August of 2013 I bought a duplex and did the whole "owner occupied" bit. So far it has worked out great and I will be moving out shortly. With that being said I decided I should probably evaluate my insurance needs...
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Good morning and happy weekend BP community. Hoping to get some feedback on an insurance scenario:
Looking at best way to insure our first and only single family home rental. Have personal liability at 500k coverage ...
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Hello community experts, I am looking at purchasing a condo in which the sellers title is under an LLP registered in Arizona with both the partners being Canadian residents. I am not using a buyers agent and everyth...
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First post on bigger pockets! I’m under contract on my first 3 family home and I’m exploring insurance options. I’m hoping someone (anyone) can shine some light on the differences between Homeowners, landlord, umbrell...