Gina Baker
Applying for an LLC when owning properties in multiple states?
I currently own a buy and hold rental in Baltimore, and plan to relocate my primary residence to the DFW area. Once I settle in, I plan to purchase another buy and hold rental in TX. In which state should I file for...
Michael Plaks
EXPLAINED: sending 1099s to contractors and vendors
This is a revision of my old post on this timely topic. Timely because January 31st is the deadline.
Sending 1099-NEC (formerly 1099-MISC) to contractors and vendors
2024 update: While not directly related...
Chris Da
Drug addict/Convicted Felon in unit...Hummm
Hello all, has been a long time...Anyway, need some advice about a situation I had tonight in PA.
About 4 months ago I agree to rent a unit to a girl who I was told, had an alcohol problem in the past, but has been c...
Roochita P.
What do you do with warranties, installation materials, etc.?
How do you store all the installation materials that come with everything you buy for your properties? A great example: the allen key that comes with a new sink. Similarly, what about installation guides, warranty inf...
Jenna Y.
Help with switching ownership structure from Joint Tenancy to Tenancy in Common
Hello - I'd like to change ownership structure for a property (my first deal) from Joint Tenancy to Tenancy in Common. Same owners.Looks like I'll have to do the following. Is this correct? Grant Deed: Fill out, notar...
Dustin Phillips
Some Help Here
I had a negotiator who was doing well. She was negotiating files getting back with me on a regular basis but now, out of the blue, she is MIA... Her phone is shut off, and no reply to emails (good times)...
So I wil...
Alex Babayev
Landlord w/ 6 Properties & Multiple Insurance Claims WHAT TO DO?
Hello BP World, I currently have 6 rental properties that are all in my personal name. Over the years I have had 3 different claims at separate properties some that I no longer own. My problem is insurance companies a...
Ben Meier
Potentially Inheriting A Property With "Tenants"
I need a BP recommendation for an attorney specializing in REI in the Waco area.My father recieved notice that he was being sued for back property taxes on a home he didn't know my grandfather owned. He said if I took...
Darius M.
Housing Complaint Filed
I was recently contacted by a personal homeowmer about a possible wholesale deal. The house has no mortgage on it but when I looked on the recorder of deeds website, I noticed that there was a "lis pendens" on the pr...
Andy Bedard
Properties in multiple states. ? Taxes?
I’m a small investor (own some properties in Denver) and am looking to purchase more in better roi states… can’t decide if I should try to stay in one state or go where the deals are? From a tax standpoint. Is it a pa...