What is the best way to hold investment property from an estate planning perspective and to be passed down to heirs? My CFP told me under person name is ok. Looking to see if there are differing opinions. This is p...
Greetings fellow BP membersI jumped into the deep end and have just accepted a counteroffer on my FIRST fix/flip in colorado (teller county). the house was in the throws of a major renovation when the owner died; bei...
I found a deal in a good area of Augusta, GA going for 40k. Toured the home and definitely uninhabitable but the rehab numbers wouldn't be that bad. Found financing that would cover rehab and purchase for 15% down p...
I'm in the process of closing on two duplex's on one lot. I'll be owner-occupying one unit for the first year of the mortgage, and plan to move out and rent all 4 units thereafter. I'm required to have insurance on th...
I've got a total 18 units in my personal name and plan on acquiring more. I'm a little behind the ball on this, but I decided I need an umbrella policy for protection. Each property has $500K in liability, but I have ...
I have a tenant who rents a Single home and refused to heat the home during the winter. He would use heat in only the bedrooms. Pipes froze and burst in kitchen, Plumber repaired the problem. i told tenant he woul...
I am under contract on a home that I plan to rent out- numbers look solid, but I just learned that it's in flood zone A. It is lakefront, but I'm wondering if I should bail. Insurance changes the numbers enough that i...
I live in California and am buying a rental property in Oregon. I need to know if I should start an LLC for this property in Oregon or in California? How do I navigate taxes on this property between the two states, I ...
So Im wholesaling my first deal and will be owning the property for more than the normal 2 mins when you do a double close. Ill have the property for about a week. Should I get insurance on the property? Any other sug...
I am 90% through the entire process of purchasing my first 2 properties, but I have hit a MAJOR hurdle. While performing the inspections, we found out that the roofs are old and needs to be replaced within the next 3...