I've been looking around this site for awhile and decided to make an account.  Just purchased a condo three weeks ago and had tenants in for a week now.  I'll share the financials and reasons why I decided on a condo ...

Hi Chicago BP peeps, this is my first post here so I’m still getting my bearings straight haha. Here’s our key question; is this a purchase and rehab you’d do or are we crazy for trying to take this on?Im attempting t...

I have a rental that I purchased in 2007 and it is still at the bottom of the Marianas Trench. I see fish when looking out of the windows. The property is in my name, and I need to move it to an LLC for liability. I w...

Tenant called last night.  Kitchen wall cabinet fell when wife was opening it.  I went over there, and two, two-door cabinets were in the floor with a pile of broken stoneware, ceramic mugs, and glasses.  Tenant (the ...

Hi I have a unique situation on my hands. I have the opportunity to buy another home in the same communiting area with a VA Loan with 0% down. The current home I live in carries a 15 year mortgage that runs $1550 per ...

Hello,I have 2 single family houses and a condo in Los Angeles, and have been learning abut Vacation Rentals lately.   I'm 2 weeks away from being ready taxes filed etc. to pull the trigger on the next investment prop...

Hey All,I’m occupying my 3/4 house outside of Denver and I’m working on getting all of the spare rooms rented out. The house has a bonus 4th room with a closet in the finished basement, but it doesn’t have legitimate ...

First I do want to say that I really appreciate everyone sharing their experiences and the wealth of knowledge I have found here. Of course, it's just added to my analysis paralysis! 
How did you get over that and pu...

I've tried researching this a bit but haven't quite been satisfied with what I have found, so I apologize in advance if this has been answered and I just missed it or didn't understand it correctly.

Few questions -...

Hi,

If I buy a small buy-and-hold SF property, what is the reason to do it through an LLC? I guess I can deduct depreciation and write off mortgage interest whether or not I use an LLC. However maybe I can on...