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I am looking at a couple different strategies and would like to get everyone’s perspective on which would be the most beneficial or which one you would pursue. Background – I have purchased and manage two duplexe...
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I have a couple concerns about single vs multiple LLCs: Is it normally better to put each rental in a separate LLC? This would cause extra bank accounts, filing costs and accounting fees each year; is it worth doing t...
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I am a newbie at being a landlord. My late husband and I had a small studio on the Chicago Gold Coast. My tenant fell over his own cane and then called 911 in the middle of the night. The fire dept used crowbars to...
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I live in Los Angeles, CA and I have 8 properties in Yukon, OK. The loans and title of the properties are under me personally. I have a CA LLC that I have run the income and expenses of those OK properties through. ...
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I am looking to invest in OTC Tax Liens, but I would like some guidance and possibly a partner. Book recommendations and websites are appreciated. Thank you for your time!
Hi everyone! I'm a new landlord (lady?)...just purchased a duplex and closing on a fourplex on Thursday. My question is, why is the insurance so darn expensive? My agent said they are required to insure properties at...
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Hi folks,
I'm looking at a 3/1 REO going for $14K, rent comps around $700. I won't know the repairs until getting in today, but it appears in reasonable shape, probably no more than $15K.
It's mapped in...
Hey, guys
So, I've read multiple times to not hold all of your properties under one entity (LLC) because this places all of your properties at risk in the event that your entity is sued. Instead, a number of entities...
Hi, I'm in the process of closing on a 1 bedroom unit in downtown phoenix. the unit is 550 SQFT and top floor. I know the property is not cash flowing a lot. I can rent it for 1.2k and I paid 240k for it. I still have...
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first thanks to bp for the boat load of knowledge, looking for advice or direction to a trusted professional on what steps i should take next. I am a ex carpenter who became disabled and currently live off of ssdi and...