Michael Pazirandeh
Is it really worth setting up an LLC?
I understand why many people set up an LLC for their investment properties, but my question is simple: "Is it worth it?" I've asked several investors and they always say I MUST set up an LLC to protect myself from get...
Franklin Curry Jr
A one word question but so important. "Why?"
Hello BP Community!As always I have been soaking up the podcast from BP every chance I get and an interesting question always comes up. It's an easy question but also missed by people starting out. That question is Wh...
Alex Price
Does Michael Phelps really eat 12,000 calories a day?
So I was on Yahoo, and it said that Michael Phelps eats 12,000 calories a day. Now granted, he is 6'4" which makes for a large guy, and I am pretty sure that swimming consumes alot of calories, but come on, 12,000 cal...
John Garman
What Constitutes Abandonment?
I'm a little perplexed on a situation I have not encountered before. I know the obvious answer is to consult an atty. However in this case consulting an atty, going through eviction, costs etc doesn't seem necessary. ...
Steven Maduro
Keep it basic vs make it fancy low cost vs putting in a little more
I was talking to a friend of mine who has been renting apartments for about 10 years. his advice to me was just clean the apartment really well
everything is commercial grade carpet and builder grade fixtures and cou...
Jake C.
Debt Sweet Spot on Rental Property
Hi All,There seems to be 3 common approaches to financing rental properties:1- Buy in cash. Hold in cash. Debt is bad. 2- Buy with the absolute minimum necessary out of pocket for the longest possible term.3- Somewher...
Ac Choudhary
Purchased multiple properties, what would be the best route to finance?
Ive puchased 14 homes during the meltdown. Purchase and rehabs were all self financed, and they have all been producing steady rent, 92% collection since 2010. I've depleted most of my funds and wanted to explore op...
Ian Livaich
Setting up LLCs Before Getting Started -- Operating AND holding?
Hello everyone,I am searching for my first buy & hold investment. I am starting to think that it is in my best interest to set up an LLC to protect my assets and insulate a property from some degree of liability....
Account Closed
Hi! Brand new to this, is my plan workable?
Hi all. My wife and I think we are going to buy a first rental property and wanted to check in with all of you experts, particularly because our plan might be a little different than most.Us: 55 and 51 years old, one...
Jacob Murry
Purpose of an LLC on multi-family
Hey Everyone, I have a pretty general question about LLC's. I've read several articles weighing the pro's and con's but I'd love to see BP members thoughts on these questions. I've been advised to open an LLC for each...