Angelo R.
Higher security deposit for more tenants
Standard practice seems to be a fixed deposit amount per unit, regardless of the number of tenants. While there are other factors and exceptions, more people generally can cause more damage than fewer people. I always...
Micki M.
Owner Refuses to Carry for LLC
I have a single member LLC, created to hold my investment properties. I'm trying to buy a property where the owner will carry the financing (they want the cash flow) but they are uncomfortable with me purchasing an...
Allen L.
LLC owning other LLCs bank account best practice
Hi all, I was reading a book by Rich Dad Advisor Garrett Sutton and he mentioned opening a Wyoming LLC to hold LLCs operating in other states with weaker LLC protection. I wonder if anyone have done this?
My main qu...
Stephen Lassiter
My lawyer is worthless, right?
I saw a lawyer yesterday to get advice on becoming a first-time landlord and I feel like it was a big waste of time and money. I feel like BiggerPockets forums provide better legal advice than this guy. When he told m...
Eduardo Rodriguez
How do Series LLC work with rental properties?
Hello, My wife and I recently opened a Series LLC as we plan on having more properties. I asked the banker if we will need to have a separate checking account for each of our properties but she didnt know. Any insi...
Ryan White
New Member from El Paso, TX / Las Cruces, NM area
Just coming on board. It feels absolutely empowering to know that there are sooooo many like-minded individuals looking to secure their financial future in the art of real estate investing. Proud to be a member, let...
Justin Youngblood
Should all adults named on lease have to apply and qualify?
Do all tenants going on the lease need apply and meet qualification standards?
Gillian C.
Chicago question on moving to individually metered water
Hi Chicago folks. we have a 3-flat and we are looking at gutting the building to make the apartments individually metered for water and gas. Because our water bill is water, sewer, and trash, I'm wondering how this bi...
Christy Glenn
Pre-Foreclosures
Hello, all,
I have been watching some properties going into pre-foreclosure in my areas of interest. Some have a auction date set and some have already passed the auction date. They are just sitting there.
I'm jus...
JR C.
Thinking of selling properties and retiring
I know now is not the best time to liquidate properties but I have been thinking I want to take that step.
Now the question arises on how to go about it. Let me know what you all think.
1) Sell all properties (six...