I have two rental properties and working on a third. Is their any benefit (tax or otherwise) to starting a property management company and managing my own properties? If so, is a license required to manage my own pr...
Hi everyone! I recently purchased my first property and plan to house hack it. It is a Duplex located near Johns Hopkins University in Baltimore, MD. I am unfamiliar with how the tax process works for rental units, an...
I have been lurking around BP, listening to podcasts, and reading up on real estate investments for some time now. As fate would have it, we have been unable to sell our previous house for a year now, so we have decid...
Need help locating a good multi-member LLC operating agreement which includes charging order protections. I have a WY based LLC and it will control my local (South Carolina) operating LLCs. Are there attorneys who wi...
My wife and I are in the process of closing on a multi-family in upstate NY (our first property) that we plan to owner-occupy. I know the strong advice is to set up an LLC and transfer the property into that LLC once ...
Hey there, I'm avidly reading about wholesaling in Canada and I was wondering what are the mechanism in place to protect yourself as a the wholesaler if the buyer doesn't come through or if the deal falls off. How do ...
Hello BP community.My business partner and I are close to purchasing our first rental in New Brunswick NJ. Recently I had a conversation with an established flipper/investor who recommended not worrying about an LLC f...
HelloI was wondering how much is enough liability coverage for a short term vacation rental. On the short term rental I currently own i have a commercial liability umbrella policy with coverage of 1 million/2 million ...
Can someone please help this newbie understand the advantage of using a land trust vs a LLC when wholesaling REOs :D thanks
Hello Everyone,I along with 2 other buddies of mine created a multi-member LLC to wholesale and refer real estate to agents. We are in the process of hiring people and want some advice on structuring our new 1099 clie...