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...
Ben Naughton
Florida Law on Renting to Undocumented / Illegal Immigrants
I just had what seemed to be a great family of 3 come look at an apartment I'm renting. When it came time to fill out the application they asked if a Passport number (not from the US) would be Ok as they didnt have a...
Nicholas Mahon
Individual owner vs LLC vs Corporation
Hi BP Carebears!My girlfriend and I are looking into buying the first of many income properties. We'll be taking it slow to start by doing the House Hack technique, but we would like to eventually build a nice portfol...
Kregg Soltow
Is financing always going to be in my name?
Thank you everyone in advance. I'm just starting out in real estate investing and for the past 6 months I've been challenging myself to learn everything and anything I can about it. First of all, I appreciate the saft...
Kate H.
Owning/managing Canadian real estate through US LLC?
I'm a US citizen and Canadian permanent resident who recently emigrated to Canada, and I am planning to buy rental real estate in Ottawa. I am hoping for duplex or large single family house where I would live in one r...