Ryan Keenan
LLC / due on sale clause help
Hi BP, trying to change the title of my rental property out of my name and into my LLC. The bank said that it was fine however they will still report to my personal SS# and the insurance must stay in my name not the ...
J Folsom
Buying single family home zoned as multi unit
We are under contract for a beautiful SFH in Chicago. But during attorney review see that the house is zoned for multi unit. We think the sellers bought it 6 years ago as a multi-unit, did some renovations and have li...
Robert Schwenkler
Managing liability (via LLCs) while using residential loans
Hi gang,
I'm just starting to look into/learn about commercial lending, and of course the terms on residential loans are typically better, sometimes by a large margin.
David Greene and other BP hosts talk about how ...
Adam J Goodsite
LLC info personal residence
Ok so my wife and I decided we are going for our personal residence before investing in real estate. So should I get my personal residence through an LLC knowing I'm going to be investing soon. Or do I just get it in ...
Bruce Woodruff
Advice on guest issue?
Just got a message from a current guest in one of my STRs. The family is there for 2 weeks. When they booked, she mentioned kids, but I assumed she had noted that the listing says 'not suitable for children'. (The hou...
Account Closed
Is it ok to ask a potential tenant for 1 or 2 yrs tax returns to verify income?
About to screen a tenant for a rental. In addition to asking for their credit report, employment & rental history and contacts, can I also ask them for 1 or 2 years tax returns to verify income?
Megan Greathouse
Legally renting to 4 or 5 unrelated students?
I'm about to put an offer on a single-family property less than a half mile from Washington University in St. Louis. It's a nice, 5 bed/2 bath house that would be ideal to rent to students. However, St. Louis City, li...
Amber C.
Personal or business chequing account? (Canadian investor)
If you buy a rental property through a LLC, can you use a personal chequing account to manage this property?
Dan Wilde
Easement and Implied Right of Way
I have a question about implied easements/ right of way. I live in a 2 unit townhouse, and i did not have access to my back yard from the front yard due to a very steep hill. I ended up building a staircase on the com...
Jack Lee
Should I set up an LLC now or wait until after refinance?
Hi guys, I have recently closed on my first investment property ever. And just consuming as much information as I can, I initially planned on transferring my asset to an LLC (will reach out to lender before doing so a...