By all accounts, notifying a tenant that you are the property's owner is a bad idea. How can you avoid the tenant signing a lease to you, as the owner, without establishing an LLC and using that?
What do you all use for saving receipts, I started using Smart Receipts, an app, then found out they do not save items for you when you get a new phone. I am able to save and back them up to my computer but thought th...
So I'm beginning to look around for our first property, and I keep noticing listings that say that any & all inspections are for ""INFORMATIVE PURPOSES ONLY" (because all caps shows you mean business, am I righ...
Hello BPers
I have a question regarding property insurance and tax deductibility.
I have property deduction and have gotten an umbrella to cover any liability (property is in my name and will only get transferred a...
My brother just had a tenant that he had to evict and he purposely destroyed the house. Urination on the floor dog poop smeared on the walls doors and hardware missing. Any suggestions for what to do. This is in centr...
I have been doing a lot of research lately on accounting. I plan to open a separate set of bank accounts for my investment properties (I currently have none): one checking for operational expenses, one savings for ten...
Hello everyone! I am more than a little lost, so I am hoping some of the kind people here can throw some advise my way. I apologize if this is in the wrong forum.TLDR; Do I have permissible purpose to pull a credit re...
Hey all,
First post on BP and I'm a relative new comer to RE investing so be gentle. Here's my current setup:
-a long held rental property (condo) in my name with a loan in my wife and my name jointly.
-a recently a...
I am filing a single member LLC in Ohio. The primary purpose for this is to rent my condo. However I would like to not limit the LLC to only a rental business. I am wondering if anyone has any advice about the “Busin...
Starting an llc in Illinois to get hard money loan and flip houses. Is there any reason to not have the purposes on article of organization be both general contracting and property investing? Name of the company wou...