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Things to ask Seller of multifamily
Hello All, I am trying to purchase a 5 unit in PA. I had requested the following information from the seller.1) Annual property operating data for the last 12 months.2) Current rent roll3) Past rent roll for 12 months...
Kaitlyn Askey
Managing Properties for Parents, LLC or No LLC?
My parents own 5 rental properties and are tired of dealing with them and want to travel. Originally, I was going to purchase the properties from them and continue renting them out. However, after speaking with a CPA,...
Joshua DeGroate
Moving into new home, renting out old home. LLC concerns.
Hey all,My wife and I recently went under contract on a new home. Our intentions are to rent out the house we are currently living in. We want to start an LLC for the tax benefits of being landlords and managing the p...
David Little
Two LLC related questions
1) If I choose to create an LLC for each of my rental property investments, does each one have independent credit rating?2) If I do have an LLC, what are the advantages / disadvantages to having the LLC own the proper...
Tristan Desforges
Moving, want to rent my house out - LLC or no?
Hello everyone! I am moving out of state and would like to rent out my house rather than sell it. I am wondering if I should create an LLC for this rental (this would be my first rental property). If I open an LLC for...
Richie G.
Investing retirement funds
I have a client interested in investing their retirement funds from a 401k. They want me to invest their money through an LLC. I will consult a lawyer, but before committing time- maybe you guys have some advice. I...
Shawn M Hannan
Looking to place a tenant with poor credit
Hello Everyone,For quite a while now I've been working with a client who wants to lease an apartment on the south side of Chicago. She has credit issues (score unknown) and is self-employed. She lives with her mothe...
Anthony Beeler
Too late to start an LLC?
I already purchased a home to flip with my brother. Is it too late to start an LLC? I took out a HELOC on my current home to purchase the home and we just closed last Friday.
Ben Clinger
The Ohio Housing Finance Agency and my first house hack
Hi,I just wanted to make everyone aware of what I believe to be an underutilized housing program available to first time homebuyers, veterans, and college grads in ohio.The Ohio Housing Finance Agency (OHFA) offers di...
Daniel Kim
Why is my SFH not renting?
Hello BP members,
I have a 5/5, new construction home in a nice area that I recently put in the market. My PM said they had around 8 showings but it hasn't been rented yet. It's been over a month and a half, so I've...