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I went to an investor meet up and we met with a lawyer who was telling us that regular Insurence is not enough. He said that you want to have an LLC to protect your assets in case something was to happen related or n...
Hey guys,My dad and I were wondering what we should do when it comes to LLC's and Utility payments. Should we have a one LLC to one property ratio or would it be better to have multiple properties under a few LLC's? A...
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I have a prospective tenant for my first SFR that has a low 500 credit score. They have also informed me that they broke a lease a about 2 years ago. I will be calling the previous landlord to get their side, but from...
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Hi all,
This is my first post on the BP forum!...
I am looking to tie up my first buy and hold deal, but when I do my analysis, I keep getting negative cash flow. I am providing my most recent analysis below. I woul...
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This is a long one, so buckle up. I got into real estate full time during the foreclosure crisis, these are just my observations. The timeframes may vary by market, I can only speak for what I’ve seen in the Florida m...
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I am looking at purchasing my first long term rental property and was wondering if setting up an LLC would be beneficial before purchasing the rental home?
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Advantages/disadvantages of LLc,s
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Hello BP
My wife and I️ need your advice, we have 138k to invest and we found 3 single family that we made offer. One is 60k which is rented out for 800 a month, the other two is 30k each which equals to 60k, 600 and...
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A little about me, I currently live in Meridian, ID. I'm 25 Years old. I started by listening to rich dad poor dad books. I've bought every book from Robert Kiyosaki 2 years ago and recently found Ken McElroy about a ...
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Hi all, I'm a first time investor and I'm looking to set up some legal entity to protect myself before investing in properties. I've spoken to a couple lawyers and have been told the following two options are my best ...