I owner financed 5 acres of land to a gentleman with an auto salvage business in 2013. I find out that along with the buyer I am named in a lawsuit for unpaid property taxes. He owes about 5k in unpaid property taxes...
I have a dilemma: I have a 15 year old BMW that now costs more in upcoming maintenance than the car is worth so it's time to get rid of it. I plan on getting a modest, 3+ year old used vehicle from around $12,000 or ...
Hi BP Members:I always read about how you can make your home energy efficient . I am curious to see if any investors have done similar energy efficient upgrades to their multi unit bldgs. or commercial building. Porti...
I currently own 6 single family rental homes in my own name (value ~700K total). I have landlord policies on each. The general/personal liability coverage on each policy is $100K. I also have the general/personal liab...
Hello BP compatriots and welcome to another edition on my real estate market analysis, coming at you from Nashville, TN. Every week I try to bring you a brief, hopefully insightful, dive into real estate and financial...
My question is about how to best organize many rental properties to provide best shield towards potential law suite.From this forum, I read about multiple properties (mortgage free) under one LLC; or one LLC for each...
I need to sign up for "pro" so I can share the numbers, but I'll give a cliffs notes version here until I do. I'm bummed. I planned my afternoon around seeing this property, saw the value numbers-wise, but my wife bro...
Hi Everyone! I have a rental property that im planning on transferring to an LLC. Im planning to grow my portfolio and have more properties under my belt, so I want to put them all under this one LLC. However, I also ...
Hi All,Don't you find funny when you receive letter from some financing company that they can finance up to 300k to you for buying next investment property. You spent 30 minutes with them on phone and everything looks...
Hello!I have some questions on how to properly set up the accounting for rentals, and what experienced investors do when handling the accounting for multiple properties.Currently based on what i've read, it's a good i...