Jordan Starks
Newbie Question any help greatly appreciated.
I want to own rental properties and I was wondering if after a certain amount if it would be beneficial to create an LLC. I also was wondering what it means to build your "team" are these people employees, on a deal t...
Padma Mody
Why home insurance under LLC is more expensive?
I have couple of SFH and condo under personal name and one house under LLC. When I try to get home insurance under LLC name, it is almost double premium I am paying and not all company is ready to write the insurance ...
Christopher R.
Homeowners Insurance/Landlord insurance/Umbrella insurance
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...
Jaren Woeppel
401k/Private Lender
Hey Everyone,I have a project in mind and have a family member looking into giving me a loan. He would like to give me a loan from his 401k, but I don't really know how to go about setting it up. Any experience in thi...
John Kinlaw
A question regarding self-directed 401(k) disqualified persons
Hello friends!I have a self directed 401(k) question that pertains to disqualified persons. Here's the scenario, my father wants to invest in real estate with his 401(k) self directed and he wants to hire the ...
Noah Lomax
Title Company Requirments in Chicago for a Selling a Flip
Hey BP'ers,My partner and I are selling our first Flip in Chicago. We used a Fix/Flip loan to finance. The requirements to do so included in-person inspections before each draw, and a lien release after the final draw...
Jeff D.
protecting what's held in an llc
All you hear and read about llc's is that they protect your personal assets if your llc gets sued and things go above your insurance limits. So the slip and fall plaintiff can't get to your house, personal assets, e...
Terrica Carlock
Wholesaling Illegal?
I was advised by an attorney that in order to wholesale property for cash I must have specific forms and utlilize full disclosure. I am hoping someone can elaborate on these two advisories. I want to do things legal...
Ronald Wacker
Help needed! Liens after tax sale
Hey,I'm hoping to get some insight on a complicated situation.I bought a flip in New Orleans, LA. We're done with the renovation, accepted a bid and are currently under contract. I was informed by the closing agent at...
Jorge Vazquez
Do you know what Corporate Rentals are?
Do you know what Corporate Rentals are? They are properties that corporations rent out to provide their employees with a place to stay while they work in a certain area or to entertain clients and VIPs. The great thin...