Just got finished reading the chapter on setting up legal entities in the Tax Strategies for the Savvy Real Estate Investor.  Are legal entities or LLCs needed when you acquire your first rental property or is this mo...

As a new landlord of a mobile home park in Florida, I have already experienced my share of tenants moving out in the middle of the night or with extremely short, as in 5 minutes from now and I still haven’t paid rent ...

We have a contract on a property. The owner has the property in an LLC that has been dissolved by the State because they haven't filed annual reports or taxes since they set-up the LLC.The owner filed to have the LLC ...

Question: I am looking to purchase a 2-unit house with an illegal 3rd unit. Upon purchase will the illegal unit need to be removed? In the case that I was not looking to rent the illegal unit and place a family member...

Hello all, I have a question I would appreciate your insight and advice on. We have found a house in Orem that has a legal accessory apartment (2 bed 1 bath) attached to it. Our plan is to live in the attached apartme...

So, I have an interesting situation here that I've never come across before and could use some additional insight from other's experiences.  I have a client who is buying a Duplex with intentions to make his primary r...

I am wondering if it is possible to set up a legal self insurance company for rental property insurance? I am not talking about just dropping coverage and taking the risk, and I am not talking about dropping insurance...

I am hoping someone has experience or insight into converting a two unit condo building to a legal duplex. I am familiar with the duplex to condo conversion but I am having a hard time finding any information the othe...

Hi guys, I am looking to buy my first property and yesterday this one popped up on Zillow. I would be doing a house-hack a therefore living in the efficiency (Not legal) unit and renting the 2/1 and 1/1 units. What ar...

Hi BP Friends! I'm considering a SFR purchase in the city. The downstairs "unit" (where the seller currently lives and will leave after sale) is unwarranted and unpermitted. There's a kitchen, bathroom 2 rooms and liv...