Hello BP Community! I am considering investing in both residential multifamily properties as well as some 5-15 unit complexes. Do I need an LLC when moving forward with a commercial property in that unit range, or is ...
Hi Everyone,
So after countless hours of listening to podcasts, surfing these forums learning from you all, and reading tons of articles/books I am super pumped to finally be closing on my first property in abou...
I’ve got nightmare tenants in my rental property. The septic keeps backing up into the basement shower. It took a month of doing multiple repairs to septic, laterals etc to figure out the problem. We started snaggi...
What's up Landlords out there. Making this post to get some feedback on what you guys would do to address a situation I am in regarding a single family home rental property I have. We purchased the property back in Oc...
I talked to an attorney who looked over my current situation (1 LLC) and recommended instead of having one LLC holding 15+ properties to divide them among smaller LLCs that contain fewer properties to separate them i...
So our 5 unit multi-family is ready to rent. I'm more than halfway through the managing rental properties book from bigger pockets and it is great and detailed. I love the forms they give as a bonus for buying the boo...
Looking at buying my first single family rental. Do/should I set up a trust first, or buy the rental first, or set up an LLC then buy the rental, and then assign the trust as a member of the LLC? I'm eager and exited ...
Apart from a changed name, this is a true post. The incident happened last Friday night. The write up is divided into three sections. The story, The Aftermath, and The Lessons.---Bang, Bang, BANG! It’s midnight, my w...
I bought my first investment property (a “duplex”) when I was 22. Prior to making this purchase I had to prepare for nearly two years in order to set up the necessary financial infrastructure to make this purchase. Th...
Not sure what happen but it seems like the tenant took the cover or the screen on the security system. It's not even in use. Can I deduct it from the security deposit? And how much? First time dealing with it.ThanksChi