New BP member here. Hypothetical situation: you have a list of buyers. You can’t find any deals from prospecting. One of your personal wholesaling connections sends a deal they have under contract. You don’t want to i...

Do I need to get an LLC and/or separate business accounts for my finances when doing a rental business in order to protect my assets against potential lawsuits?

I closed on a property at the end of April and the tenants had not paid rent for the month.The property has now changed ownership and the PM shrugged his shoulders and said 'nothing we can do'.It's $1500, so quite a l...

Hello fellow investors,I'm a beginner investor looking to purchase my first rental property. However, I read Brandon Turner's book "The book on rental property investing" and the section on lawsuits got me a bit nervo...

Does anybody have some options on lumping STR properties with long term rentals in the same LLC or would it be better for them to be separate entities.  Just would like opinions not legal advise.

There's an absentee-owner house I've been watching in my neighborhood that recently went into pre-foreclosure. I'm considering reaching out to the owner to make an offer on the house, but I've noticed something weird ...

State construction defects legislative reform has failed so localities do it themselves. Now it's Denver's turn. The goal for developers is to cut down on the number of and frivolous lawsuits. However, this always...

The bank won’t allow me to deed my single family rental into an LLC... what should I do next? Just use an umbrella policy until I sell this property and buy a new one that can be deeded into the LLC upon purchase?

A lawsuit was filed by the city for delinquent property taxes. Property is owned by 3 tenants in common, 2 of whom are deceased. I am the one still alive, and do not want to continue to be solely responsible for taxes...

I bought a SFR with a completely built out In-law suite in the basement. My tax person says I can deduct a % of the repairs I've done based on the SQ Footage of the basement unit. Seems clear enough. However I am also...