I talked to a CPA firm and they told me that if I have a S elected LLC to manage the Airbnb (even hiring another property manager through the LLC), the income of the rentals of Airbnb can be considered as income throu...
A Series LLC is a helpful legal structure for real estate investors, allowing them to create separate "series" within one main LLC. Each series can own different properties, protecting each one from liabilities relate...
During an economic downturn, especially relating to rental properties and the BRRRR method, how does that effect cash-flow? Vacancies become abundant, refinancing is not longer an option as properties are worth less,...
I've got my first motivated seller and I'm ready to get his house under contract. Question: I would like to use a 1-page contract that other wholesalers have used in other states, but I'm not sure if it covers all th...
Hi all,
I own 2 investment properties in Westland, MI and have a total of 6 insurance policies including my home and auto. Costs are adding up really fast.
I work with a third party company that tries to get the be...
I searched for this topic and could not find anything, so apologies if this has already been covered. I have 4 cash flowing properties in Cleveland. I have properties in 3 other states and I am looking to consolidate/...
To simplify the existing lease I thought about asking the tenant if they would be ok modifying the addendums to get rid of the resident benefit package and the building protection plan. I will insure the property as ...
Hey BP!
where is the best place to find local meet ups in my area?
Hi, I'm looking or Home insurance for rental properties Detroit MI 48228 recommendations.Please send me good once, and share experience if you've the time. Thanks in advance.
Let's say an investor buys a property with a HML, fixes it up, and flips it 3 months after the purchase. Does the investor pay a portion of the property taxes? Would you have to pay those taxes when you close on ...