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Hi everyone!I have been debating creating an LLC or conducting business as a sole prop with DBA (doing business as). Currently, I do not have any properties. However, I plan to purchase my first rental property in t...
Now that you have an asset, let's talk about asset protection. Below are a few strategies I've ranked from worst to best, which offer varying levels of protection. Worst:
- No coverage, held in your name.
Bad:
...
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I have an off market deal under contract. It’s a purchase from a wholesaler who is assigning me her contract. I’m using hard money for the purchase. The lender expects me to use a title company. This wholesaler wants ...
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I am new to real estate and rentals. I bought a duplex last year in July and it's rented out now. I am wanting to know about LLC and trusts. I was wanting to make an LLC, but someone who is a landlord here said to jus...
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The majority of multi-families I have been looking at have tenants in place without a lease. They are paying month-to-month. Tenants are well protected here in NY. Let's assume that the Seller provides bank stateme...
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I have a tenant breaking a lease 7 months early, claiming there son is a victim of domestic violence. I have no desire to unduly penalize these folks, but obviously this is a huge hassle and it has cost me advertising...
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Hey Yall - I live in California and own properties in Ohio and Tennessee. Definitely need some help.
Trying to figure out the holding company/land trust/umbrella policy/LLC conversation.
Theoretically, I'm thinking...
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So what I want to do is protect my house with an LLC while living in it. I own the house outright. Is this a good idea? Can it be done? I will also be buying another property soon as well and would like ito to be...
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Hi BP,I have done readings on LLC setup for rental properties. I am now confused as I kept seeing different ways people do things. I have consulted with 2 different CPAs before and they told me 2 different ways.We cur...
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What are people's thoughts around tenant's Renter's Insurance in Chicago? We recently signed a lease with tenants (2 people - Person A & B) where they have 1 renter's insurance. Person A has the renter's insurance...