Does a personal umbrella do anything for me if I have commercial properties under LLC name and I gave personal guarantee on the loan?  Wondering if a personal umbrella helps me at all if the LLC gets sued?

We are looking to make our 3rd purchase of a nightly rental.  We are looking at a 3 bedroom/2 bath condo.  The price of the condo unfurnished is 209,950 and the price furnished is 239,950.  We think that 30,000 is a b...

I have a long term rental (SFR) which I converted to an Airbnb in October 2019.  My property manager is acting as the host and we have already had multiple bookings. 
Questions:
1. Is the Airbnb considered "Active" ...

Hello,My apartment has been vacant last couple of months.The first vacant the electric utility bill came around $150 and I noticed that the central AC furnace was on so I turned it off immediately but to my shock the ...

I am starting to receive applications on my first rental property (all digital applications). I need some advise on what exactly I should be looking for to qualify each tenant please.Income: What multiples of the rent...

Carl Fischer had reminded me of an article I wrote two years ago.  The gist:  Wholesale deals in retirement accounts will get crushed by the IRS once they get around to auditing them.The Mazzei Roth IRA Case – An End ...

Hey All! First, sorry if this is mentioned elsewhere. There's so much material to dig through.Right now, I'm considering a property thats somewhat a "house hack". The parcel contains one detached SFH and 5 units for c...

Hey BP Folks,We just closed on our second property in Houston and I am currently shopping for a cheaper insurance option. I was told  by my broker that most carriers have moved out of Houston area. I am wondering how ...

I like the fact that Arizona is an interest rate bid down state. However, in my experience, as soon as the deadbeat owners of the worthwhile houses receives the 30 day notice of intent to foreclose, they redeem their ...

If we buy a foreclosed house from the bank, but the house has a solar lease on it, do we have to take over the lease?
I was planning to buy the house to prevent it from foreclosure but decided to pass it after readin...