Phil Kurumunda
LLC, Asset protection and Mortgages
Hello - I am in the process of buying a few buy and hold investments. The terms on the mortgages favor conventional residential loans vs commercial, notwithstanding the bank underwriting grilling one gets from the ty...
Paul Chase
LLCs and asset protection
It's fairly well known that REI properties should be held in an LLC or a similar entity to protect your personal assets if something happen with tenants at the property. But that's not necessarily a two way street, a...
Nancy Todice
Who gets sued in small claims
Although I have been a landlord for many years, I do have a question, A tenant is suing for a security deposit. The property is deeded to an LLC but the tenant made all checks from 2016-2022 including 1st, including t...
Justin Goldberg
I-20/West of Atlanta/Douglasville/Austell area
Has anyone looked at the Douglasville/Austell area? Google/amazon etc are in the area, and I suspect that, the lower traffic on the I-20 west corridor and other factors possibly may make it a gentrified area. I even k...
Art Maydan
Signing Listing Agreements on Behalf of LLC?
Hey everyone, what's the right way to sign a listing agreement with a landlord who is an LLC/S-corp/whatever? My managing broker kicks these back sometimes and doesn't care other times. I always default to putting the...
Mike Williams
Probate Public Records
Hi, So I'm starting to get involved in probate property investing. I called the probate court and they said that they do not have a rolling list of recent probate listings. They mentioned that you can only access the ...
Ron T.
Who should pay for dishwasher repair?
Hi All,I have a SFR where the dishwasher wasn't working well so I replaced it with a new one. Now about a 15 months later the same tenant says that the dishwasher isn't working and think the motor is burned out.My re...
John Casmon
Do You Get Gifts from Tenants?
Came home from a holiday trip to find a gift package and early rent from my 1st floor tenant. As she's my neighbor in addition to being my tenant, I took this as more of a "neighborly" act than a "tenant" act. However...
Steve Frick
Would I be prohibited
Hello,I am still very new to BP and have found a lot of great information here. Thanks to all. So here is my question. If I start a solo401 and use that to fund a specific flip with a local RE business can I do other...
Les Jean-Pierre
Inherited Property and Depreciation
Hi, I know the rule is if a person inherits a property there is a stepped up basis for capital gains purposes. Does the same rule apply to depreciation? The property in question is purely a rental and would stay that ...