Jennifer Wilson
Help Needed for Taxes and LLC
Hello!I have a couple questions regarding my LLC and how I should be filing my taxes this year, and in the future. I am a Realtor in Florida and set up my LLC in March for my sales commissions. At the time, I was th...
Terri B.
Is it better to have debt than own free and clear?
I heard an investor on a call say it's best to have some debt on properties for protection. There wasn't time to discuss in detail so I'm asking you all fellow investors about this. What's your perspective and why? I ...
Calvin Thomas
Looking for some advice - building failure; partial collapse
Very weird situation we have got ourselves into. We purchased a major rehab building in New York about a year ago. The real estate agent was also in property management, ran his own PM firm and his family has run a c...
Heidi Brown
Partner Investor Contracts/Terms
I found an awesome 6 unit deal for $425,000 through owner financing. I need a 50K down payment. I am not sure how to go about the terms with other investors for the $50,000. I am open to paying them interest on the 50...
Kenneth Garrett
Do You Renters Insurance
Do you require your renters to have renters insurance and if so what is the amount of coverage? Do you have yourself named as additionally insured. Any other requirements?
Frank Anselmo
LP or LLC or sole proprietorship
I have followed Garrett Suttons advice for starting a corporation out of state. If you are not familiar with Garrett Sutton, he is one of Robert kiyosaki "Rich Dad" advisors He advises everyone to start an out of st...
Jessica Beard
LLC for out of state rental properties?
Hi All,I have been pre-approved for my first investment property. I have set up a weekend with a real estate agent in Cleveland to look at some small multifamily properties (2-4 units) and hopefully I will find someth...
Sergio Sifuentes
Insurance
Hello BP community, I'm planning to do my first flip. Question is about the insurances?Do I need to get one for the house during the rehab process? Does every one does it? how common is itAbout my GC. Does he needs to...
Vu Nghiem
Legal question on structuring a deal
Hi all,
I'm a novice investor that have done a few live flips deals on my own. I have a group of friends that is willing to commit about 300K of capital for me to BRRRR with.
How should I structure the entity so th...
Mony Kankanala
Advice on dealing with problem tenant/flood situation
Hi Everyone,I would really like some input/suggestions on how to deal with a tenant situation please. It has been very frustrating
I have a 4-plex currently in BC. One of the tenants moved in May 2018, on a 1 year...