Bart Blair
LLC for Rental/Business w/ Mortgage and Property in Personal Name
I just listened to this podcast episode: https://www.biggerpockets.com/...Ryan mentioned that he has his mortgage in his own name but uses an LLC for the "rental business" aspect of income and expenses. He did not men...
Mahonri Bussey
LLC in Nevada
I am about to start my real estate investing career and I want to start things out on the right foot. I currently reside in utah but I have been looking in to LLC's, particularly those of Nevada. It looks as though N...
Bar Shalom Laniado
Navigating Lead-Based Paint & Survey Importance in Property Purchase
Hello,
I'm in the process of purchasing a new property for a buy and hold strategy. The seller and I have already signed the contract, but now the listing agent is requesting that I sign a correction stating that my ...
Nathan Franzene
Getting Real Estate License -- To Look At Properties...
Hi, the real estate folks I have worked with aren't really motivated and don't provide a lot of insight when looking at properties. Can I get my own Real Estate License and just go look at properties on my own? I g...
Philip J ashcroft
Incorporating my new property business
Dear BP community. I'm about to embark on my first property acquisition. I would like to incorporate and am based in Los Angeles. I have been advised to start a C-corp but should I set it up in California or another s...
Mohamed Nagoor
Insurance requirements for flips
Hello BP Team, I am about to close on my first property to flip and was wondering what all insurance I should purchase? It's an all cash purchase and flip. Flip will be done by a licensed GC.Any guidance from the pro'...
Chris M.
Questions about putting property into an LLC for asset protection
Hi guys, I have some questions about putting property into LLCs/protecting assets, any information is greatly appreciated: Question 1: my understanding is that an LLC needs to be actively conducting business in its re...
Account Closed
Love to hear your comments -Exclusions Because of Prior Arrest
The Department of Housing and Urban Development (HUD) issued new guidance on April 4th, 2016 that is going to require all single-family and multifamily rental professionals to revisit their policies.In a decision that...
Account Closed
STRs in Scottsdale: New Regulations
. . . If you don't have a Permit (Yep, click bait, but I gotcha) Here is the actual Report - it's not really so bad.
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New short-term rental curbs take...
Curt Thomas
Annual Inspections and Billing Tenant Back
I never see anything talked about or written on the proper way to conduct an Annual (or bi-annual) inspection on a rental.Conducting the inspections without charging the tenant for maintenance (if) needed seems pointl...