Shawn D Augusti
who should sign the lease agreement and utilities ?
Hello BiggerPocketorsMy wife and I just placed an offer on a townhouse, and we're pretty confident that the seller will accept it. We are also in the process of creating an LLC in the state where the property is locat...
Greg Stepich
LLC vs. S Corporation vs. Neither
I know this has been touched on in the past, but I'm still unclear on what my best options are regarding incorporating. I currently reside in a house with an apartment attached that is being rented out, and I own ano...
Alvin Mayard
Questions to ask your lawyer/account as your starting out.
Hi All, Just getting started in my real estate investment journey (I hear there are going to be some growing pains). I was just wondering if anyone can share their opinion on what are some important questions to ask a...
Thomas Fosnaugh
Selling a Fourplex held in an S-Corp (COOP) Marion, IA
Wondering if anyone has any experience in Iowa selling a fourplex that is held in a Coop? I think most of use hold them in a "123 Main St. Residential Coop" type entity. Does the buyer have to form a new entity or i...
Phil Shearcroft
Purchasing in personal name then switching to LLC
Hey BP, I have an opportunity to get financing in my personal name for lower priced homes but need the initial purchase to be in my personal name. There is nothing stopping me after the fact from transferring it into ...
Jun Hyuk Baek
Water heater leakage damaged next door property.
Hello,A water heater leakage went unnoticed for a few days and caused partial flooding in my rental unit and the neighbor's unit. Based on the neighbor, he had to pry up his carpet and had damage to the underlayer and...
Matt J.
USAA vs. Proper for Short Term Rental (STR) Insurance?
Hello -- about to close soon on my first STR property and curious if anyone has used USAA to insure their STR? USAA has phenomenal rates and service and I'd love to continue to use them this time around. But the signi...
Anthony Hidalgo
Hard Money Lender Requirements : New Jersey and New York
Hello BP Community,I was wondering who has experience with using hard money lenders, in the tristate area, and what have their requirements been . Some ask for a specific amount liquid assets in order for you to pr...
Curt Smith
POH/mobile home insurance carriers you use? self insured?
Hi Folks,What carrier do you use for insuring for loss do you use? I own double wides and am paying $300/yr with $5k deductable for a typical yr 2000 double wide on it's own land. I'm shopping carriers.I'm also cons...
Haiyang A.
A ranch house with no access to public utilities
I'm looking at a 2 bedroom 1 bath ranch house that has no public water (using Cistern), no public sewer (septic), and no natural gas (heating using propane gas), and has no central cooling. Next to the house is a newe...