Matthew Kirkwold
Telling Tenants You're the Property Manager
Hello everyone,
I've heard that some people will tell their tenants they are the property manager so that when a dispute comes up they can say the "owner" is the "bad guy" and not them. On the other side of the coin,...
Tiana O.
How did you get your first 10 rental properties?
Hey BP Fam, do you remember your first 10 rental properties? As a newbie REI, I would love to hear more about your experiences starting out. I've set a 10 year goal for myself to acquire 50 rental units. As a shorter ...
Account Closed
I am not self-employed but want a Self-Directed 401(k) - ??
I am interested in transferring my 401(k) from my previous company into a Self-Directed 401(k) - NOT a Self-Directed IRA - for the purpose of investing in cash flowing rental properties. However, I don not have a busi...
Paul C.
Longtime Landlords: All it's cracked up to be?
I've only been buying and renting SFRs for just under 2 years, but so far the experience has been pretty good. I've been able to acquire several properties with an average unlevered yield of 8%. That's based on t...
Jared Ryan
LLCs and personal mortgages
Hello BiggerPockets!I'm exploring the possibility of getting a 10-unit apartment building. With that in mind, I'm wondering if I should get an LLC.Benefits of LLC:1. If I live in the property, I, Jared, can rent from ...
Roselin G.
Trustworthy contractor or no?
hello!
I’m working or attempting to work with a contractor who wants $1000 deposit before he’ll give me a breakdown of the renovation. I gave him a list of updates and he quoted me 60-75k. I asked for a breakdown so ...
Jason Kim
Setting Up LLC Under Different State
Hello BP Meembers,
I am currently in the process of setting up my LLC and my CPA told me to set it up under a different state LLC because it's much cheaper. I live in Chicago and he said that it costs around $500 to...
Larry Turowski
How do you handle the stress?
The latest one for me is my rehab contractor disappearing for 5 days. He finally returned my calls today and said a family member out of state had tree fall on their roof. He went to help fix it.But I find I stress ...
Nate R.
Self-manage or hire a PM?
We bought a recently remodeled home (our first investment property) and are about to start getting it ready to rent. We haven't yet handed over the keys to the PM and my mentor is encouraging me to self-manage. The pr...
Mike Jones
EIN# for Property LLC under a Holding LLC
When you have a Property LLC owned by a single member Holding LLC, how do you obtain an EIN# for it? Do you apply for the EIN# using your SSN as the member and owner of the Holding LLC or you obtain it by using the H...