Joseph Lucas Jr
Landlord Tales and cautions
Happy Friday BP Nation!I am still very new to the world of real estate investing but I think I’m going to go down the path of buying, holding and renting. Now I talk with my fiance about this and she immediately bring...
Grant Bublitz
First Duplex Should I LLC?
I am about to close on my first duplex and will be living on one side (top) while renting out the other (bottom).Is there any reason to put the duplex in an LLC?Just have the rent made out to me and have a new checkin...
Maria Callaghan
Do you avoid HOA properties?
New investor here!Considering purchasing a home that has reasonable HOA dues each month for our first rental property investment, but have heard horror stories of HOAs deciding to not allow rentals, stop investments i...
Account Closed
Tenant breaks lease earlier, claiming to have sent me notice.
Here is the story. My tenants were 2 days late on the rent, when I texted them with the unavoidable question I got a reply "Hi, I sent you a memo back in June that we were leaving mid. August "What??? I never got any ...
John Acklen
Conversation about Vacancy being "Healthy" for an Asset
I was having a conversation the other day with a good friend of mine who is in the development and asset management world about a property I'm interested in purchasing. The property is currently 100% occupied with se...
Jonathan C.
Pennsylvania - Rentals, LLC and Transfer Tax Question
Originally posted this in General Real Estate Investing but I think it probably belongs here instead.
What is the best method we should use to buy a property and put it into a newly formed LLC?
Our LLC currently doe...
Chad Keilen
Moldy in the basement and tenant is not paying!
Hello all. Needing some help with a sfh in Decatur GA. The house has a finished basement and is rented out. My tenants informed me that they left town and when they came back they discovered mold growing on the car...
Evan Howe
California LLC question
I live in CA and am about to purchase my first OOS investment property, targeting Cleveland OH. I am looking at an LLC vs SP, with the LLC registered in OH. I know CA has an $800/year fee for any LLC “doing busines...
Jane Z.
Hiring kids for a rental LLC
Hi,I have several children related tax question. After consulting with my CPA, I am now confused. Here is my situation.My husband and I set up a rental LLC several years ago. The same CPA told us since only my husband...
Bob Stevens
sec 8nswers It's not that complicated folks
Ok so it seems EVERYONE is making renting to sec 8 MUCH more complicated than it needs to be, not sure why. Maybe some guru is selling courses and telling everyone it is. Well, it's not. So here are answer to most of ...