John Martin
Are spouse's assets protected without an LLC?
Hello BP,I'm looking to start my adventure into rental real estate investing and had a question about using an LLC. I would like to avoid using one until I've got a couple of properties under my belt as I'd intend on...
Devonta Taylor
Wholesaling as an agent
Hello All,
I’m a little confused and need some enlightenment. So I’ve done a few wholesale deals already but last week I passed my Real Estate exam and want to become licensed. I want to continue wholesaling as a...
Henry Clark
Improving Bigger Pocket Experience for everyone
This is not about the recent changes in the forums.I get a kick out of the following types of posts. I've changed the details, to protect the guilty.1. I'm 8 years old and what should I do to start in Real Estate?2....
Nathan Gesner
AirBnB scam featuring a BP member!
The primary antagonist is a member of BP but he apparently stopped using the site a year ago. This is a long article but has some good information.I Accidentally Uncovered a Nationwide Scam on AirbnbI reserved a place...
Luke Johnson
Taxes, Multi-Family Live-In, and LLC???
My wife and I bought our first property in June of 2021. We are househacking a triplex where we rent two units out and live in the 3rd unit while renovating. We are now looking to move on to our next property. A famil...
Siouxzie Hanes
Understanding loan origination fees
Are origination fees different across the board and is there a cap?My estimate was 4.8% rate conventional bank statement loan was high but was okay with it. Now it's coming back as 7.2% when they sent the paperwork an...
Chip Marchand
Outlets Open Ground
Looking for some advice on a rental property I just purchased. The inspection report indicated that the electrical outlets were not grounded or “open ground.” In talking to an electrician it would cost $900 to complet...
Rodney Kuhl
Insurance
What type of policy do you all use for a rental property? Replacement cost or actual cash value? And why?
Also, how much do you pay monthly for insurance (I'm in Indiana)?
Andre M.
Insurance for my STR in an LLC
Hello!I have 3 STRs in my personal name and I am switching them to LLCs. I know there is debate on whether or not one should go the LLC route, but I have committed to this and set up LLCs. When getting insurance is i...
Jason Davis
Purchase and Sale Agreement
Hey Everyone, Newbie Florida Wholesaler here. I'm working on setting up my process for for when i get leads to deals, etc. From what i understand, i have to get a signed purchase & sale agreement, get the assignme...