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...
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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...
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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 ...
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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...
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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...
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I'm looking for information on Series LLC's, or maybe clarification. The way I understand it, a regular LLC in Illinois: $500 setup Articles of Organization, $250 annual fee, all properties within LLC are vulnerable t...
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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...
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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...
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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...
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I have several residential rental properties with no mortgages on them. In addition to putting each one in an LLC As a protection against lawsuits, could one of the benefits of pulling cash out of the properties to r...