Meredith Mihm
LLC in a different state?
Hi guys, First post here! We are first time investors thinking of doing a BRRRR. We are looking at a house just across the state line (we are in MN, and this house is in WI). We would pay cash for this house. My quest...
Account Closed
LLC vs Good Insurance For A Rental
For those of you who's primary residency became a rental and the mortgage is still in your personal name, what are your thoughts on transferring the property to an LLC vs just having good insurance in place? Ideally i...
John Martin
Are spouse's assets protected without an LLC?
Hello BP,I'm looking to start my adventure into rental real estate investing and had a question about using an LLC. I would like to avoid using one until I've got a couple of properties under my belt as I'd intend on...
Antonio Esquivel
Create a property management company, put it on the lease
I'm sure other investors run into this problem as well...I was going to create an LLC a couple months ago until I found 99% of banks wont lend to LLC, great. So I purchased my 2nd rental under my name again. And even ...
Shawn S.
Insurance minimums
Right now I only have 300k scheduled for liability on the first property we are closing on. I could pay $55.00 more per year on a $700.00 policy to up that to 1m. I'm thinking this is a good idea. I am being tol...
Rob King
Question about a selling strategy to minimize taxes
Good evening, I have three properties in Honolulu, HI and am looking to sell two in the next 12 months. My understanding is that if you live in a property for two of the last five years you are protected against cap...
Alexander Timberlake
Filing for Homestead of 1st property - Houston, TX
Hello,I recently bought my primary residence located in Houston, TX (Harris county) in February, 2016. I would like to claim this property as my homestead. I have learned that there are two main advantages:1. I can wr...
Juan Montes
Newbie Investor Making a Change
Hey All, I’m an electrical engineer by training and have been working in the electrical utilities industry for 15 years.I’m tired of working for someone else! I would like to be more financially independent. Just rece...
Leen Sha
Auto insurance policy might not be enough
A friend of mine had a car accident almost 3 of years ago...she was found at fault....(state of limitation is not passed yet) there is no lawsuit filed against her until this time... she only had WA state min. liabili...
Jan H.
Lease extension with old and added (new) tenants
Hello BP community, This is going to be a long-winded post, so please bare with me...:)A 24-month lease is coming up for renewal for one of our properties and before I agree to renew with the tenant(s) I wanted to che...