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what's the real business deal?
Hi again all,
I have a question. A lot of the books I've been reading say "never buy real estate in your own name!! Start a business!" Most talk about LLCs and the like. Well it makes sense to me since I'm all about ...
Jack D Falkner
In Need of Clarity and Direction
Hi Bigger Pockets members, let me start by introducing myself. I am Jack, I am 17 years old and I am an aspiring wholesaler. I currently have done everything BUT market to homes which is exactly what wholesaling is. I...
Jenny L.
HELOC alternative for LLCs?
Thanks in advance for your insight. Here's our rehab and resell situation:Elderly parent currently owns the property OUTRIGHT. Three adult children have taken control of it. Our company would enter into an equity part...
Jeffrey Marzan
Insurance question and confusion...
I recently just purchased a duplex (two unit) in TX. After closing and signing (and bought my first house ever!), I gave USAA a call to see if the account for Home Owners Insurance is activated, in which they said it ...
Ryan Dossey
Should I put my personal residence inside my llc?
Within the next few months I will be purchasing a 4plex to owner occupy. My business partner and I have 2 properties in our llc currently. The pros would be cheaper insurance and anonymity from my tenants. What would ...
Tyler Evans
Rehab almost done, Cash out refi with under 6 month Seasoning
First deal so new to all of this, we have a duplex that we're almost done rehabbing (should be done by end of May/early June). I am looking to cash out refinance as soon as possible as I have some pretty unfavorable h...
Rosalie Evans
Due on Sale and the LLC.
Is it risky at this time to ask your bank to allow you to put your investment property into a single member LLC? I opened an LLC just for this reason but I have not transferred it. I have heard that some investors jus...
Ganesh Rao
I have an LLC. Now what?
So the wife and I decided to start an LLC for purposes of shielding our identities (although I know it's not perfect) and limiting potential legal action. My question is the properties that we own are in our names. D...
Loren Thomas
Ask me your electrical questions!
I've been an electrician in Washington (the real one..) for 10 years, residential, commercial, and industrial. I've learned a ton from BP so this is me trying to give back with knowledge of something I know very well....
Albert Stephen Medoro
Lead paint, inherited tenants, PA
Hi, I recently inherited tenants in one unit of a property I purchased six months ago. Obviously I inherited the lease as well. I placed tenants in the vacant unit and followed the new tenant process, including provid...