Hi everyone, I have opened a second LLC (child LLC) in Florida, owned by anonymous parent LLC in Wyoming (which is owned by me). I got stuck with opening a bank account for child Florida LLC. Got only one EIN that bel...

Do I need to worry about water bill on home when wholesaling?

Working on my first deal.. Not going so smooth. I recently made a cash offer on a bank owned property, 5 k deposit, they accepted my deal. The property had a small roof leak on the back 2nd story roof. Along with ...

I have read several articles on BP that seem to indicate that one should create an LLC for rental properties. I own several rental properties, put my personal name on the title, and have significant equity in most of...

Hi guys! Wondering what software/systems you guys use to track income and overall financial health on your portfolios. All of our different properties are in LLC's with the income & expenses attached to a bank acc...

For those that own multiple LLCs, how do you handle the security deposits? In my state the law is the deposit is supposed to be held in it's own bank account and not comingled with any other monies. That could become ...

I understand how the process works but my question is this:

If a person wins a bid for a tax lien and owner doesn't pay the lien in the specified time you can start the foreclosure process. Now assuming there is a M...

I have an opportunity to purchase a property that is a mobile home that has had the title removed (it has a permanent foundation) and for tax purposes is part of the real estate. I was previously told (I don't remembe...

So down the street from my house there is this house that has this notice on the door:I'm not sure what it means. Can someone explain it to me? I looked up the property on the local county accessor's page and it seems...

This will likely be the only deal that goes back to a bank in the Heights submarket. There are no financial statements available yet since the management company is still getting its hands around the deal, but a RR i...