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We recently have tenants renting from us and have asked whether or not they can run a daycare out of the house for added income. Can someone give me some advice on this issue or should I take it up with an attorney. ...
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There is a home for sale locally that has had a sinkhole repair. By all accounts the problem is solved but it's value is obviously damaged irreparably. Would you buy a house with a repaired sinkhole to be used as a re...
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I have two rental properties and working on a third. Is their any benefit (tax or otherwise) to starting a property management company and managing my own properties? If so, is a license required to manage my own pr...
Hi BP! I have just woken up to the idea that I am procrastinating! I want to invest in rental properties to gain financial freedom but I am burdened with about $35000 of debt (1BR house included of $23000). I have alw...
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Besides some pro athletes turning investor, I haven't seen much discussion on the topic. I recently rented out my place to a NFL player (rookie) in Atlanta and he had to break the lease after recently being traded aft...
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first thanks to bp for the boat load of knowledge, looking for advice or direction to a trusted professional on what steps i should take next. I am a ex carpenter who became disabled and currently live off of ssdi and...
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Hi everyone, I'm in the process of setting up my first LLC. My mom is lending me some money for my first rental. Would it be beneficial to have her as a member of the LLC, or should I just run it as a single member? W...
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Hey Ladies and gents,
I have a bid in on my first prospective rental property. At what time is it necessary to form an LLC to protect my personal assests from liability? I know of people who put each property inder...
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Hello BPers- I'm selling a investment property that has been a profitable airbnb rental in Venice, CA but now with the new city legislation has passed I'm selling it and plan to move my equity out of state. Is it bett...
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Recently, a socket caught fire in my rental property and the tenant was injured while putting out the fire. What can I expect from a contractual, insurance, or "unofficial" legal standpoint regarding the tenant's inju...