Wayne Littrell
Joining an existing S Corp
I plan to complete a cash purchase of a property with personal funds, closing it into an existing S Corp that I would be joining (Illinois), which right now has minimal assets. As I am new to the business of real est...
Steve Brant
How much to Rent a Broker's License
I was approached by a referral company to use my license to be able to send out buyer referrals and so they can receive a referral fee. I have no idea what the market is for something like this. How much should I ch...
Matthew Sexton
Set-up LLC on Your Own or With a Lawyer?
I have one rental property and would like to buy several more. Should I setup an LLC now? How easy is it to transfer the house I do have to the LLC? Eventually I would like to apply for credit with the LLC and not m...
Lou Sunia
Equity
Is $100,000.00 Equity high equity on a property that is worth $600,000.00?
Alex Babayev
Landlord w/ 6 Properties & Multiple Insurance Claims WHAT TO DO?
Hello BP World, I currently have 6 rental properties that are all in my personal name. Over the years I have had 3 different claims at separate properties some that I no longer own. My problem is insurance companies a...
Mike Thompson
When wholesaling who pays for the title company
When wholesaling a property who pays for the title company if you go to a title company as soon as you get your purchase agreement signed? Do you have to pay the title company anything upfront? Or does the person who...
Ben Coppola
LLC in California when managing property yourself
I have a rental property in California that I currently manage myself. I am trying to decide if it should be placed into an LLC for increased personal asset protection, versus only having an umbrella insurance. I hav...
Alex M.
Umbrella Insurance Policy - a best practice list
I'm looking into umbrella insurance policies, as I have a recently created LLC and one property to cover, with another on the way, and a pipeline of anticipated consistent growth over the next 12 months. I initially t...
Lucas Miles
Facebook For Rent Posting Being Blacklisted by Facebook
Our management company keeps getting blacklisted from posting "for rent" ads on Facebook marketplace. In our area, Facebook is the #1 tenants find a place to rent, so this is a major issue. What we have tried:1. Creat...
Stephanie Gothart
Can I finance a property in my self directed IRA?
I want to convert my husband's Roth IRA to a self directed Roth IRA to buy properties with. He doesn't have quite enough to purchase a house yet. Is it possible to finance a property in a self directed IRA?