Podcast 109 co-hosted by a real estate attorney stated an umbrella policy is not enough personal asset protection and that an LLC is needed.  However, I have read that on BP a popular theory is that one should form an...

My wife and I started doing some marketing to find off-market deals under an assumed business name (we registered the business name using our personal names).  We are now setting up an LLC to do business under...we wi...

I have a single family house in Iowa, I'm considering giving this tenant a non-renewal notice of lease.  The Lease states that after the initial term of lease (1 year) it goes month-to-month.  I've done this several t...

We recently purchased a condo near the university my son attends so he can avoid paying the rediculous rents in the area.  The agreement is that he will get a roommate and cover all the expenses until our other daught...

Hello BP! I finally closed on my first rental property in Michigan and have what I think is a fairly basic question.

Does a separate bank account need to be setup for each security deposit? Or, can this be deposited...

So I got the invitation from google tonight. I signed up months ago to be notified when it was released. I can't wait to use it.

Happy waving to all, and all a good wave :mrgreen:

I should men...

I currently live in a SFH and am in the market for a duplex to move into one side and turn my SFH into an income property. Since I am having work done to prepare my house to be rented (plumbing) can I deduct that expe...

I'm a new member from Missouri! I've been listening to the podcast and have learned quite a bit from it already! I've done most of the repairs on a house that I care to do (basically anything that doesn't involve heig...

Hello BP family!! My friend and I want to start an investment together. What do we need to do as far as legality. I heard so many bad things when it comes to money and friendship. We want to laid everything out in wri...

I received a notice of changes to a credit card account, which includes a statement that "the issuer may, from time to time, obtain employment and income data from third parties to assist us in the ongoing administrat...