Account Closed
How do people make money in condominiums?
I'm going to sound like a real novice on this one....How do people make money by owning condominium buildings? Not the units, but the building itself?Do the people that own the units pay them a fee? How much is it usu...
Allen Clark
New Investor, buy and hold in Seattle
In the past seven months I have bought my first two investment properties in the City of Seattle and have brought them online. Property #1 is an 8 year old 2BR 1.5 bath 1,100 sq ft half duplex bought for $350k and ren...
Tony H.
Confused with LLC setup
Hi BP,I have done readings on LLC setup for rental properties. I am now confused as I kept seeing different ways people do things. I have consulted with 2 different CPAs before and they told me 2 different ways.We cur...
Kyle Milani
Getting into rental arbitrage - with or without an LLC?
I am looking to nail down my first lease in Florida. I currently do not have an LLC yet, it's going to take at least another 30 days. I have found I property that I like but don't feel that it will still be available ...
Scott Russell
Fix and Flip - Need advice keep or sell
Purchased the house with cash (3bd/2bth). The renovation cost was half personal money other half HELOC from other rental. The carry over cost with utilities and HELOC interest payments is about 1k a month. I still hav...
Tee H.
Steps to take If i want to rent my home out
Hi, I have an FHA loan on our primary residence, and we have lived in the home for more than a year. We are moving and I want to rent our home out.What are things I NEED to make sure are completed before renting my ho...
Nate Davis
Starting out, and curious about protecting my assets
Hello,My wife and I are currently looking into real estate investing to create passive income. We are looking at long-term rentals of multi-family homes. We plan on using the FHA loan for the first purchase in order t...
Doug Fluckiger
HELOCs for down payments—the perpetual stall?
Newbie investor here. It dawned on me that if I pull out a HELOC to make a down payment on a rental property, and then finance the rest of the property, there will be no actual cash flow, at least for a number of year...
Tae Ross
LLC before first deal?
Hey BP, I'm prepping to make my first offer but I have a habit of wanting to check every detail which brings up a lot of questions. Should I have an LLC in place before closing my first deal? Thanks for the help!
Brandon M.
Single LLC per property or Single LLC for a group of properties?
I understand the basic protections afforded by the LLC, using a separate LLC for each property in theory provides the best legal protection against other assets. However, having separate LLC for each property seems li...