Lucas Love
Asset Protection Plan
I am looking to protect my assets (undeveloped land, primary residence, investment accounts) as I build my rental properties up. I can’t put the rental in an LLC as it’s already under loan backed by Fannie May.
I tho...
Adrien V.
Help to find a lawyer
Hello BP Members, My tenant took Home 365 to court and I am also included in the law suit. I am speechless about Home 365 and could write a book about them.
Can anybody recommend a lawyer in Michigan (Detroit) who wo...
Chas Lumley
Umbrella Insurance policy.
Hey all,I'm looking to make an offer on my first rental this week and was wanting to get different inputs on LLC vs Umbrella policies.I will be using a conventional loan and I was told by my loan officer that I can no...
David Graham
Daytona Beach Short-Term Rentals
For those of you that are familiar with the current lawsuit in the Daytona Beach area. How do you see it ending for the short-term rentals? Are they going to be further regulated or do you feel the city will back off ...
Art Altman
Dissolving LLC After Property Sale - Future Liability Concerns
I sold a rental property held within a single member LLC. I would like to dissolve the LLC. However, I read an article that says I should keep the LLC in case of a future lawsuit by a former tenant. If the LLC is d...
Kevin R Towner
Zillow Underperforms for Real Estate Professionals
Zillow consistently underperforms on its commitment to Real Estate Professionals. BEWARE of the Zillow scam which requires Agents to sign a term contract locking in their income and based on my experience provides the...
Reggie Smith
Entity For Holding Notes
How are you guys holding your notes? LLC, a Trust? Curious to know....thanks
Mark Camiscioli
Using mortgage as a protection tool on your rental properties
I have several residential rental properties with no mortgages on them. In addition to putting each one in an LLC As a protection against lawsuits, could one of the benefits of pulling cash out of the properties to r...
Edouard Pierre
Estoppel agreements enough???
Hi BPers! I'm set to close on a 9-unit building in Chicago in the beginning of next week. Everything is as smooth as can be for an off-market estate sale (judge involved), however there is definitely a point of concer...
Levi T.
Why you need an LLC on your properties.
I've been in this business for years and years, hundreds of units and untold thousands of tenants later, someone finally filed a lawsuit against us for their deposit not being returned.The story is the tenant was inhe...