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What is the best structure for rental businesses to minimize legal issues and also take advantage the best tax structure? Do I set up LLC's for each property as a stand alone with the owners as members or do I set up...
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I'm searching for insurance carriers in Texas who offer DP1 with Replacement Cost. The policy I'm on now has this, and I know of one more carrier. Anyone willing to share a name of a carrier that offers it?I'm askin...
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Hi Friends!
I recently started investing in real estate with my wife. We have been building our buyer's list and scouting out properties to wholesale.
I am wondering if anyone in the BP community can refer me to a ...
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Hey, BP!I was looking over a 4-plex in a nearby town and while I believe it could be a solid investment, the monthly expenses without rental income would be, more than likely, unsustainable for me using just my W2 inc...
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I'm hoping to use an FHA or owner occupied loan to purchase my next property.One of the main problems I've had with getting bank financing is my job history. In this case I worked a W-2 for a 1 year and 3 months, I qu...
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Insurance difficulties are everywhere these days, but it seems there is at least one (expensive) option in most instances. We are having a heck of a time finding ANY option for our situation. We live in one unit on ...
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There's been lots of sunshine pumping in recent years over how easy the money is with vacation rentals. Manage your mountain chalet from the comfort of your lounge chair in Aruba with your handy smart phone, etc. R...
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I have 5 rental properties in my name. A FB friend mentioned that she has an umbrella policy on properties. Her explanation was vague, so I'm here to ask...What is an umbrella policy, does it replace the current insur...
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Hi everyone,
I have read "The Househacking Strategy" by Craig Curelop (absolutely phenomenal book!) and found a ton of very valuable information from this book. I am aware that when analysing a househack, that o...
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According to the info from the owner and neighbors, the owner moved to out of state about 5 years ago, and the house has been vacant ever since. The house is located in NY, about 20 minutes from NYC. I took a look at ...