Andrew Yu
Least Expensive Way to Transfer Property
I have only one LLC created so far. That LLC has both flips and buy & hold properties. I recently learned that I should have separate LLCs for flips and hold properties. Currently I have a property just finished r...
Sagar Parikh
Too Many Business Credit Cards?
Hi All, I invest in apartment buildings and use a separate LLC for each building. Each LLC has its own credit card used just for that building. I am about to close on a new deal, but I applied for 5-6 business credi...
Darren Lam
Going separate ways with 1031
My brother and I recently inherited a property and we are looking to sell it. We own 50% each but want to invest separately moving forward. Can we both do our own 1031 on separate properties? Or can I do a 1031 and he...
Chad W.
Transferring Property to LLC and Need for Commercial Insurance
I recently purchased a property in my personal name and my plan is to transfer it to an LLC. My existing insurance company told me if I transfer the property to an LLC, then I will need to get a commercial insurance p...
Neil Anthony
LLCs as a CA resident - good idea?
Hi all,I'm still in the learning stages of SFH investing, particularly out of state (I'm in the SF Bay Area), but I wanted to make sure I understand the basics of opening an LLCs for REI purposes. I know the basic rea...
Kim Parker
Basement to studio conversion questions
Hi there, I am in contract to close in 3 weeks on our second investment property—yay! It has some unique features that I’m really excited about. I had a few questions and hoping for some experienced wisdom. Thanks in ...
Nick Jensen
Living with tenants and dealing with utilities
So my wife and I came up with this kooky idea to build a cottage in the backyard in which we'd live so we can rent out our main house. The main house is 2br/1ba 970sqft. The cottage is 250sqft.
We're not quit...
Jason C.
Two units rented on one lease
I have a small duplex that we renovated and have one family wishing to rent both sides. They meet all screening qualifications and I gave them a speech about how it has to remain two units (i.e. no knocking down of wa...
Ivan Martinez
To sell or not to sell?
Hello, i currently own a home and want to move out, I have a few options but not sure if any are better than the other. home currently has some equity. 1. sell and buy a cheaper home. 2. Sell home and move to apartmen...
Keith Miller
Single Family to Fourplex while living in the house.
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $327,000
Cash invested: $33,000
Bought as our home, then immediately built a separate entrance to the basement and ...