Alex Bernot
Using a holdings company to own multiple investment property LLCs
I own investment properties in Ohio. Each property is under its own LLC and bank account.
My question is, does it make sense to setup another LLC as a holdings company (parent company) which will then own the othe...
Rob Shah
SBA loan?
I live in chicago and was wondering is it possible for get funding from the SBA for an apt building I am interested in buying? Are the credit rules more relaxed or more stringent?
Thanks
Rob
Ross Bernard
LLC required for receiving hard money?
I am not very knowledgeable in the areas of LLC's nor hard money loans. I am speaking with a hard money lender for the purpose of funding a flip. He says I will need an LLC in order for them to lend to me. Is this com...
Bob Avery
Understanding BP Lease Fields
Hey folks! I'm working on my first rental and trying to understand the best practices for how to use the template leases I can find. For example, below are three sections from the BP landlord forms lease. For (C) (ii)...
Do you need to be rich to buy a rental property? Arguably, no. In reality, you don’t need a lot of experience, know-how, or cash on hand to buy your first income property. But, you need to at least be resourceful, tak...
Financial fear is… a good thing!? Fear is an uncomfortable feeling we often try to ignore or suppress. But what if, like other emotions, it exists for a specific purpose? What if following it could help you avoid deat...
Giovanni Luna
Non profit 501c3 parenting a subsidiary LLC
A friend of mine has a church legally established as a 501c3 and I have been thinking about forming an LLC. I then had a thought while talking to him, what if we used my LLC to hold assists for him, then there could b...
Trush A.
Potential tenant wants use kitchen for commercial cooking
Hello BP,
I have a potential tenant wanting to use kitchen for part time commercial use. The house is in A/B neighbourhood wIth new appliances. They are also section 8. I am in MD.
I am wondering if I should rent ...
Tulan Kantesaria
Setting up Tax strategy for LLC
Hello everyoneI am in the Boston area and first time Investment property buyer . Our offer was just accepted and getting ready to get inspection started.So we have formed a LLC with the state and i wanted to get some ...
Mike Dorneman
Private sale- Sales Agreements. Preventing being back-doored?
For Sale by owner, Sales Agreements.
I’m curious to learn what clauses or protections others builds into their sales agreements to ensure (or allow for legal action) if a private seller sells their property to someone...