Viktor Singh
Why business account for rentals ?
Hello, I am new investor and have a rental. I was advised to open a business checking account for my rental. My question is why do a business account ? Why not an everyday account ? From brief research, i see business...
Wade G.
Refinancing rentals to pay off primary mortgage
I know this question has been asked over and over again but there are always new members with different viewpoints. To make this as brief as possible I have four SF rentals. Two are only around 65-70% LTV but the ot...
Jameson Sullivan
Hiring a lawyer for initial LLC formation
I just met with a lawyer this morning, he wants 1250 bucks to do my LLC formation papers, I understand I can do this online but I want to make sure that everything in the future that I do is air tight and Im willing t...
Leland Woodworth
Pros and Cons of a LLC
I am brand new to investing and was thinking about getting a LLC. What are the pros and cons? Should I even consider one if I don't have any properties yet?
Wayne Brooks
Okay, let's do a poll about this "must own properties in an LLC" idea. Any real world examples of where it saved you, or is it more trouble than it's worth?
Many have the perception that they Must own properties in an LLC, for protection of their other personal assets, from that super duper lawsuit they're going to lose, that's for more than their insurance limits.Thought...
Carlos Ptriawan
Good experience working with adjuster or insurance claim
I need to hide the name to protect privacy, but almost a year ago, I got disaster in one of my rental, it causes damaged roof, truss, rafter and fascia mostly. Filed insurance claim, they almost put very minimum claim...
Ngoc Mai
What are the important documents a living trust should have?
We are in the process of setting up a living trust, but we are not sure what are the important documents we should include in our trust to protect our kids and our investments?Thanks in advance for your responses?Ngoc...
Trent Roberts
Starting an LLC for rental properties
We are planning to invest in our first rental property in a couple months and I would like some advice about LLCs. Do we need an LLC for rental properties? Do we buy properties through an LLC? Do we open an LLC after ...
James Uglesich
Waiting to start my LLC
Hello all,
My name is James Uglesich from the Portland Oregon area and I am just getting started in real estate investing. I am starting in wholesaling so that I can build my capital so that I can start purchasing m...
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credit protection for mortgage
I know this sounds niave but.. when you start buying houses how do you keep your credit score from going down? They check the credit and bam lower score the next time they check. Ive gone from a 760 to 720 in two mon...