Edita D.
Tenant owes us 3700$ with intention to file for bankruptcy.
Hey there guys!We forwarded 3700$ balance due to our former tenant, however most likely tenant won't pay as he mentioned on the phone he will be filing for bankruptcy. Our property is located in Lubbock, TX and tenant...
Heath Jones
Double security deposit in leu of poor credit score?
Just wanted to start a conversation about strategies for dealing with potential renters who have poor credit, a bankruptcy and several delinquent accounts. For example right now, I have a potential renter who is in he...
Mike Miller
When does a Trustee Sale Become a Foreclosure?
When a person defaults on their payments, after a certain period of time if you don't pay it off, the bank just forecloses on you right? But then some people have trustee sales instead? How does that work, the bank gi...
Kyle Swarts
What are the benefits of buying property as an LLC vs you?
As title says. What's the benefit of purchasing as an LLC vs individual and vice versa? Also if you purchase a home through an LLC, are you still possible to purchase a home as an individual using FHA?
Trina P.
liability insurance on first single family rental
My husband and I just made our first property purchase. We are buying in Alabama and live in California.We are going to postpone getting an LLC until we get a few more properties. Being out of state a lot of the insur...
Charlotte Farrell
GA LLC owns property in FL
We live in GA and have a GA llc for a LTR we own there. We recently purchased a STR in FL and deeded in name of GA Llc.Should we have a separate FL based llc for the FL home? Slowly discovering FL has some convoluted ...
Owen Thornton
What makes making an LLC such an attractive option
When you are choosing to keep rental properties to yourself, or creating an LLC, what do you do? Can you still have a rental property business “ while not officially having a title such as an LLC
Hiro Kitagawa
Credit partner / personal guarantor
Hi All,Recently I met up with a gentleman who has a few REI businesses. Very personable guy, I liked him. We discussed REI over lunch and he mentioned he is looking for a credit partner to complete a current project ...
Brian Degener
Renting homes in Bankruptcy or preforeclosure until bank takes it
Has anyone heard of this strategy where you find a owner in bankruptcy or pre foreclosure and you get a quit claim deed and rent out the property until the bank forecloses? What are your thoughts?Brian
Cody Dircksen
Purchase a second home after Chapter 7
Hi I'm new to BP, but have a passion for personal improvement. I've made many improvements throughout the years and done quite well for myself. Unfortunately roughly a year ago I tried leaping into buying a business t...