Tony H.
Confused with LLC setup
Hi BP,I have done readings on LLC setup for rental properties. I am now confused as I kept seeing different ways people do things. I have consulted with 2 different CPAs before and they told me 2 different ways.We cur...
Joe Rinella
Dealing with snow removal in Massachusetts
Hi everyone,I'm wondering how other rental property owners handle snow removal in the winter in Massachusetts and other areas that get a lot of snow. With the amount of snow we got last year in Massachusetts, it seems...
Alyssa Lebetsamer
What is my responsibility if my tenants physically fight?
Two of my tenants got into a bit of a brawl. It is hard to piece together what happened exactly because the stories don't match up, but it appears that Tenant A threatened/chased Tenant B's guests with a baseball bat ...
Tj Simmons
Paying your Tenants to Fix up your Rental!
Good Morning! I am going to discuss a Duplex I own in the Creston Neighborhood of Grand Rapids, 49505 - Recently rated the HOTTEST ZIP Code in America to buy real estate in!
I wanted to post about what I am currentl...
David Richmond
Opinions on debt in a rental properties
If you can pay off the mortgage on your first rental property should you? And is it a viable strategy to then use a HELOC on the (now paid off) rental to buy a second? I ask this because my wife and I dislike debt but...
Thao Kieu
First time home buyer - Anything could go wrong did go wrong
Buying Our First Home Was Like Playing With FireWe are young and naïve, but we are also risk takers. That’s why decided to buy a colonial built in the late 1930’s for $310,000 in Totowa, NJ with 10% down payment. It...
Tee H.
Steps to take If i want to rent my home out
Hi, I have an FHA loan on our primary residence, and we have lived in the home for more than a year. We are moving and I want to rent our home out.What are things I NEED to make sure are completed before renting my ho...
Nate Davis
Starting out, and curious about protecting my assets
Hello,My wife and I are currently looking into real estate investing to create passive income. We are looking at long-term rentals of multi-family homes. We plan on using the FHA loan for the first purchase in order t...
Pam R.
Tenant's Mom called...
Our tenant called the day rent was due, said his check didn't come in (Social Security), it would be a week late. When we didn't get it, my husband posted our first Pay or Quit notice. That got his attention. He ca...
Tae Ross
LLC before first deal?
Hey BP, I'm prepping to make my first offer but I have a habit of wanting to check every detail which brings up a lot of questions. Should I have an LLC in place before closing my first deal? Thanks for the help!