Jay Len
Help with my first real estate partnership
Hello BP community! First post here. To keep it short, I am going to be purchasing a buy and hold property with a partner in the next few weeks. We verbally agreed that he will buy the house in cash and i will pay for...
Greg Hoffmann
New Owner and Existing Lease
Hi There BP Community,I just closed on a duplex in Santa Cruz, CA with existing tenants on a month to month lease. As I understand it, until they sign a new lease, the old lease remains in effect. Since we did not get...
Patrick Pavelski
Looking to start a property management company
I've been contemplating starting up a property management company utilizing the Avail platform. I was thinking if I create property accounts for the owners directly then I don't need to hold owner accounts/monies and ...
Charlotte Dunford
Chase after owed balance after eviction
I have filed for writ of possession and the police lockout is happening this month. They still owe me $4500 plus post judgement interest. What is the most effective way to chase this amount? Collections? Wage garnishm...
DeWayne Mann
Flipping houses in washington and oregon as LLC
Huge question...well at least for me it is. I will be performing most repairs (carpenter) on my flip houses under my new LLC. Can i do this without having a contractors license? if i cant, then how can i buy and f...
Charles Clark
Great article!!! Can a landlord charge application fee in Wisconsin?
Can A Landlord Charge an Application Fee To A Prospective Tenant In Wisconsin? Posted by Tristan R. Pettit, Esq. in Rental Applications, Application FeesThe article starts off with a story of a lawyer getting a call f...
Jordan Kelly
Wyoming dynasty trust
So I recently learned that some states don't have any income tax. Which made me look up Wyoming and if they were taxed on rental income. While looking I came across something called a dynasty trust it said you could...
Will Barksdale
Ownership percentage vs. profit allocation percentage
BP,
I have an interesting question regarding ownership percentage vs. profit allocation percentage within an LLC.
I want to have an operating agreement where party A owns 60% of the LLC and party B owns 40%. Addi...
Nick Gu
Is there benefits in creating llc to rent my property & rent out?
So the way I'm thinking is to create a say a property management company, which rents my property from me.Say at a rate of $property tax + $hoaThen rent it out from the llc at market price.So effectively I still own t...
Mariah Jeffery
Estate planning and trusts
For those of you with lots of property, are you holding it in a trust? What type of estate plan do you have set up?
I'm asking because my husband and I are about to inherit some property from his mom (shares of a cor...