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My wife and I have owned a single family rental house in Indianapolis for 1 year and are trying to decide between an LLC versus a personal umbrella policy. We currently live in CA, but are moving to Illinois in the co...
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I know I need to sit down and talk to an accountant before moving forward but I was hoping someone could help clarify a few things for me.I'm planning on creating an LLC for house flipping. Mainly so I can elect to be...
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Hi, and thanks in advanced for your advice. We moved 4 years ago to a new home and kept our previous home as a rental. It has been rented out the past (4) years and has good equity. I would like to get cash out, but u...
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In the past I've held properties in my name and received rents in my name at a generic mailbox and never had a problem. Also, I have umbrella policy that covers additional liability exposure for my properties. Now I...
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Trying to get in touch with customer service. Scheduled a call, noone called. Left a message noone called. Left a message at a number given in email for the scheduled call, noones called. Sit on hold for ages and ages...
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Hi BP! This is a kind random question but....Would it be wise to get personal business cards before obtaining a property and/or becoming a true investor that has actually invested? I am thinking about how to present ...
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One and a half years ago I bought my first property. SFR in California for $235,000 owner occupied with an FHA loan at 3.65%. After some work, the house is now worth about $270,000 and I owe about $225,000. Should I s...
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Good evening, from Detroit.I am just getting started into real estate investing. Working on figuring which is the first stepping stone to step on besides reading books and listening to podcasts, then doing the resear...
Recently moved from LA to Seattle (1 year ago) therefore, I can sell my condo without paying sales taxes (if I do it within the first years), however, I have a wonderful tenant that has been paying my mortgage punctua...
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New BP Pro member here. Does anyone have any recommendations, or even better any spreadsheets, excel or web-based, they use to keep track of all construction expenses for Flip/BRRRR properties? I BRRRR several prope...