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I own a SFR that is rented out in CA with a partner. (My wife's name is not connected to the property). I want to protect my primary residence from any potential lawsuit stemming from the rental. My thought is a quic...
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I’m ready to pick up my first property to BRRRR. I’m in the metro Detroit area and I’m having difficulty selecting the exact area and what kind of property value I should be looking at.I have a HELOC and a hard money ...
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So, I was under contract for just over 2-months and almost $1,400 in expenses paid out for this property. Prior to setting up the contract, seller said he had no knowledge of the existence of an oil tank. According to...
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For those who've invested with REI Nation/Memphis Invest, I'm wondering how you calculate closing costs into ROI. On their pro formas, they don't appear to take them into account. If they can be upwards of $6k, does...
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In the inspection report I received on a home in in the process of buying for a rental it states that the outlets are not grounded. Is this a diy project or will I need a professional and if so how much would that cos...
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Ive been kicking this idea around in my head alot but wanted to know the advantages of setting up an LLC before i purchase my first property. Ive heard mixed reviews on LLC's themselves in regards to having multiple ...
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Hi all, We have completed my first house-hacking in 2023 (Shout out to Craig and the Househacking Bootcamp team!)I closed in July, got a tenant, and am confident about renting out the rest when I move out.Now I am loo...
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Hi BP members,I'm thinking of buying a quad under my name and using my LLC to manage it. Georgia requires that you have a real estate broker's license to manage other people's property. Technically I own the LLC and...
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So, If I purchase a single family house (that I really like) and I rent it out for a few months (or years) then I move into it. How is that treated tax wise (IRS) and investment wise (I may put in an LLC). I obviously...
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Need your advice: today my client was ready to sign contract to purchase a single family house and was told that there was a oil tank removed 25years ago. There is no record found as it was not needed to be reported...