Hi there BP community, looking for your advice on the following please: i inherited a section 8 tenant who pays way below market, acts shady, had an issue with the leaky toilet for years, which damaged the floor and c...
Hi, I own a property that will be going out for rent soon. The property deed is under my name, however, I recently opened an LLC in order to manage my real state business and investments
My question is: Can I make t...
Hi Everybody,I'm in Texas, and looking to buy my first rental property. I've done some due diligence and found a couple of homes that would be good deals. No work on them, and are currently vacant. My question i...
Hello, I recently purchased a mixed use property for $390K. Gross income of about $76,800 right now.Income: $76,800Taxes: $9,344.68 (from which one tenant pays back $2251)Insurance: $5,108.00 (from which one tenant pa...
Do you recommend purchasing & operating under an LLC or purchasing under my personal name with added umbrella insurance?
In my new rental property there is a GFCI outlet in the living room. This is on the same circuit as the bathroom fan and the light in the shower stall. This living room wall is on the other side of the bathroom. W...
I currently have a partnership LLC with my wife. This LLC's sole purpose is to have investment properties title under its name for liability protection. Few days ago, I was on the phone with my CPA, and he was recomme...
I live in CT and invest in OH. I recently purchased an 8 unit apartment building free and clear. My thing is, I want to transfer it to LLC. I opened it in OH but I heard its better to open it in my own state. I was go...
I'm relative new to real estate investing, and like many, I got my start by turning my primary residence into rental property. I have formed an LLC to take ownership of these properties to better protect myself and fa...
Hey folks, I am ready to start investing in rental properties and am meeting with my realtor soon. A lot of the places I have been looking at are currently fully rented out. It would seem that this is a positive, in...