John Smith
Ontario - Tenants separated, advice needed.
Looking for advice on the following situation:Unit was rented out to a couple - let's call them Bob and Alice. Both Bob and Alice are listed as tenants on the lease - but financials are mostly provided by Bob.2 months...
Matt Liu
Each property: its own LLC, Debit Card, HomeDepot Card, & Quickbooks file?
I'm starting to really expand my portolio with a lot of houses. As it grows I'm also creating more LLCs. Isn't this going to get overwhelming to have in my wallet a Credit Card, and Home Depot Card for every property?...
Devin C.
Using fha loan at 3.5 % down then after repairs, cashing out the equity for investment?
Hey everyone, so I'm not sure if this is possible or not, but I figured this would be the best place to ask. Right now I believe the only way I can obtain a loan for a mortgage is to get an fha loan. But they require ...
Sven Simon
Agent Commission Deal when Flipping
Hi all,
Wondering what your thoughts and experiences are on the following:
I'm a flipper, and as an 'incentive' for agents/brokers, I generally agree for them to be the listing agent of a property that ...
Stephanie Moran
Made My First Rookie Mistake
Hello All,
Renovating my first property and I made a rookie mistake, a major one--I found out that my first contractor (who came recommended) is unlicensed in California!!!
I am two weeks into redoing several of th...
Account Closed
Operating multiple LLCs
So I have a question that I've doggedly tried to find the answer to. I've heard from the REI community that it's best to put each investment property under their own LLC for personal asset protection. However I'v...
Ben Petersen
RE Agents: Insulting to lowball offers?
Hey fantastic RE agents of BiggerPockets! Earlier today, I was speaking with a friend of mine regarding a few properties that I am looking at. One of the property’s is a SFH fixer upper and the owners are “extremely m...
Bill Jones
Creative Financing In a Nutshell
Creative Financing
In a Nutshell
Part One of ?
_______________________
There are No Rules as to how you can or cannot structure your creative financing deals, other than what is legal, moral, ethical an...
Christine Shay
My Realtor wants to copy my Drivers License
I'm not opposed to proving I'm a real person by showing a government issued picture ID, but I am against giving an agent a copy of my driver's license or passport to keep on file. It's not required in my state as far ...
Andrew Millard
Asset protection...does it even matter?
My question is mostly out of curiosity. Does anyone on here have any example of you or anyone else being sued and losing the entire asset, business or worse?I hear so much about asset protection and it just gets me th...