First time doing an STR and I want to put it in an LLC to shield my other assets as best as possible. I've read the pros/cons of LLC vs only doing umbrella insurance and I'd prefer to do the LLC route to minimize risk...
Hey! If I have a very unique AirBnB, something like glamping on a sunflower farm, With no local comparisons, How would I go about setting rent? Do I compare with similar properties regardless of location?Or are there ...
Hi Everyone-I am looking for a mentor in the Great Lakes market (targeting Wisconsin but open to other areas).I purchased my first “LTR”, which my parents currently rent from me for about half of the mortgage. I’m not...
Hi Everyone,I have a buddy that has been a Plummer for over 10 years and has a lot of connections within the contracting world. He wants to partner up on some investment properties. I was wondering if anyone knew of a...
What would be the best business set up for Flips and RentalsMy accountant advised:For Flips: Subchapter S LLCFor Rentals: LLC sole member Do you agree with this?
I would like to get some advice on setting up equitable terms of a partnership, which I have never ventured into before. I read through several forums, but could not find exact same scenario which is not surprising gi...
I am on my 2nd attempt at using the 90 Day Journal published by Biggerpockets, and I just cannot seem to consistently come up with appropriate weekly and daily goals to bring me closer to my 90 day goal. To be specifi...
I’m looking to get my business credit started. I have read a few books and watched a few videos. All seem to agree that you must get a physical address that is not your home or a PO Box. Does anyone have a suggestion ...
I'm in the process of purchasing our first rental. I'm just wondering if I should be separating my Vacancy, Repairs and Cap. Ex. accounts or if I should lump them all into one savings account?
Hey fellow BP members,I was recently re reading Set for Life by @Scott Trench and was wondering if anyone knows of a printable version of the "daily time log" that he mentions and outlines in the back of the book? Or ...