Hi Everyone, I recently got an executed purchase agreement on a 5 unit building (renovating two basement units that are currently not in use to make it 7) in my area (Lansing, MI). It is a currently 'fully occupied' b...

Im about to buy a 2nd property with plans of expanding further. Im going to be setting up a business account to separate my personal expenses. If i were to buy a truck to help with the business im building but still u...

Greetings BP,Glad to have been introduced to this community over the last month. I am coming from a classic Dave Ramsey mentality of paying off your house in full before moving on to other real estate investments. I a...

Hello BiggerPockets Family,
Myself and 3 buddies recently purchased a duplex in Cheyenne, Wyoming as a buy-and-hold investment.
The property is currently owned by us 4 personally.
We would like to transfer the own...

Hi everybody, I'd like to get some feedback on an insurance question I am struggling with.

Here's the situation: I am 33% member in an LLC that owns and rents real estate. For simplicity, let's say we have a 60k home...

Is it feasible or even smart to use contractors for every step of the rehab on a long term investment property? I know several people would agree that doing some of the work myself would be smart but I just don't live...

Hello All,I am currently under contract on a 6 Unit property that has a live in "Building Super" on premise.  The sellers told us that he performs various tasks and does minor repairs around the property, as well as a...

I read a lot about the need to protect your personal assets if you own rentals or from your business activities.

My question is... Who has personal assets that are worth worrying about protecting?

If a...

Hi Everyone,

I live in Oregon and we're one of 14 states that has foreclosure consultancy laws. I've been told by my title company that I can't perform investor short sale transactions due to these laws.

Verbiage i...

Hi BP Fam - The hubby and I have enough money saved to pay off either 1 of our rentals or our primary residence.  Wondering how others might approach this, what makes the most sense, and why.  Below are some data:1.) ...