Hi all,Hope you had a wonderful holiday season with your family and friends! I have a quick question regarding LLC. I recently acquired my first out of state property. I will eventually put it in a LLC. The question I...
Hi,I'm an investor residing in FL with a multi-family property located in Upstate NY. Initially, I purchased the property in my name to secure better financing. However, I now intend to transfer it to an LLC. My conce...
Any advice on what to do in this scenario? Do I need to establish an account with the government to receive rent for the occupants?
I am a new commercial real estate investor. I have never owned any commercial real estate before. I have two residential real estate rentals both locally. This potential new property is out of state, which makes me a ...
My partner and I both reside in New York, but are looking to purchase our first investment property in Pennsylvania. Do I need to form the LLC in PA? Or is NY fine to do business in another state? Honestly, I would...
I want to hear everyone's opinion here. Under what circumstances do you guys order a survey of your property and when do you not? Are there any low cost strategies that you use to minimize risk without ordering the ...
I just submitted my LLC docs for TX and wanted to get some pointers/insight from more experienced investors on the following:1) What should my next basic steps be in regards to after establishing the LLC (i.e. open bu...
My husband and I have other property investments but recently, we established an LLC to start doing fix and flips in Baltimore City/County/surrounding areas. Baltimore City has a massive vacant housing crisis (no surp...
Hi BP!
I'm working on some calculations for an apartment building. 6 story, approx 30 units. For an SFR, I typically keep about 8-10% of the homes values as cash reserves. What rule do you use for a large mul...
Hello BP! I have a personal rental question to pose those of you in the New Hampshire area. My fiancee and I are moving to NH in four days, on Aug. 31. We now have a predicament with an unnamed apartment complex re...