David Rutledge
When, how and why set up an LLC
Good morning,I am a new investor and I just recently had an offer accepted on my first two homes. One in NC and the other in IN (I live in CA). I have had all the inspections done and I am now in the process of sortin...
Eric Schneider
Changing ownership from self to LLC
I'm wondering if the group can point me in the right direction. I recently purchased my first rental with a traditional loan in my name. I recently got it rented and wanted to put it in the name of my LLC, so I filed ...
Sherman Dunn
Issues with funding through bank dude to DTI?
The bank is giving me a difficult time with financing due to my DTI, which isn’t bad, but it seems very high because my job doesn’t include a breakdown of overtime on my W-2. Has anyone else had this issue? What do yo...
Minni S.
Can Rental Inc. go to 1 Member LLC if house stays in Member Name
We have read the blogs but are still confused and seeking some clear guidance.My cousin has very recently bought a small townhouse as an investment property to rent out. She is struggling on the financial and marital ...
Nick M.
How to deduct personal labor as an expense for a rental?
I purchased a rental property in 2009 and had to do major remodeling before it was ready to rent. I do not have an accountatnt yet but planning on looking for one to have my taxes done this year. This is my first ren...
Alonzo Moreland
Searching for insurance for new rental property
Hi everyone,Does anyone have recommendations for a reliable and reasonably priced insurance company. I'm closing on a three unit rental property in the western part of Maryland, in about a month and looking for insura...
Renee House
LLC for Vacation Rental?
Hi All,My husband and I just purchased a home and are planning to rent out half of the house on Airbnb. Based on the market we're hoping to collect at minimum $2000/mo but could be higher. Our mortgage is higher than ...
Benjamin Palasek
Paying rent on time
Hello BP! I have a tenant that pays every month but never on time. He pays the late fee's and is otherwise trouble free. Do I let this go?
Kristin Solbach
Any advice on asset protection with using a CMG All in One Loan
Has anyone used an All in one loan for a property? We are in the process of buying a second home in San Antonio/TX and are really interested financing it with an in the All in One Loan but the loan officer tells us we...
Lola Brin
LLC use of EIN vs SSn
'We are transfering property that is under our name to an LLC. We are planning to use a Special Warranty Deed. We want to continue to use our SSN rather than to get and start filing using a EIN, has anyone had experie...