Kristen Marra
LLC or rental first
Hi, I am new to the BP forum and in the process of researching my first rental. I plan to open an LLC to protect my assets. My question is -should I get the rental property first or establish the LLC first? Further, I...
Chad Bauer
Flat Fee MLS listings...worth it?
I recently got back in to rehabbing homes and just finished my first 2...after briefly listing them FSBO and not getting a single response we went with a full fee agent and listed on MLS. Had an incredible response i...
Tracy R.
Tenants not allowing access due to immuno compromised
Hi, has anyone dealt with tenants who claim they are immuno compromised? Is this a "protected class" (rental is in Virginia)This tenant has had a minor electrical repair issue over the past year, but when I send som...
Tyler Jahnke
Tenants with PETS! What do I do??
Hey BP!I have a property on the market for rent that I've been anticipating getting $1,000 a month for. I now have a qualified tenant interested in signing a 2-year lease at $1,050 per month ($50 more per month than I...
David Schuster
Husband and Wife Forming LLC for 1st Rental Property
Hello all, my wife and I have recently purchased a new house and plan to rent out our current home when we move out. I am working on setting up the LLC to move the soon to be rental home into and I have a few questio...
Tyler Carter
Moving Properties to an LLC?
Hello, I have several long-term rentals that are all currently in my name. They all have mortgages in my name as well. I keep hearing it is smart to "move" these to a LLC, but how exactly do I do that? I know how ...
Justin Wren
Renatus?
Has anyone done the Renatus program? Worth it or just another scam? I have an old military buddy that did it and it appears he got a lot out of it and is now making money in real estate. He's recommended it to me seve...
Christopher B.
Insurance for OOC Duplex
I live in one side and rent the other, what is the best way to set-up my insurance? My agent is currently saying to push my homeowners insurance liability up to $500k and add a $1m umbrella. Is this the best set-up? I...
Dwight Sands
Underwriter's Perspective for Self-Employed
I'm working on some calculations for current and projected (next year) DTI ratio to see where I need to be for financing. I'm self-employed (for 2+ years) and as I understand it a lender will use the 2 most recent tax...
Kevin Katai
Seeking Market Outlooks
Hey everyone, I wanted to get a pulse on how others are feeling about the Toronto market in the upcoming Q1 and Q2, with respect to sale prices. I know the data posted by TRREB has sale volume and prices dropping from...