Jonathan Twombly
Do you need an LLC? Absolutely. There is No Debate About It.
The LLC debate rages on here at BP. Rarely does a day pass without an investor asking whether they should use an LLC or not. Perhaps BP should have a whole forum just devoted to this question . . .Having an LLC is ...
Stan C.
First investment property: Jackonville, NC. Need your input!
Hello all, This would be my first investment property and I need to be very careful about not making bad mistakes. I'm an our-of state guy out in NY. It's a duplex in Bell Fork / Hawkside area of Jacksonville, NC, 285...
Ezgi T
Subject-to
Question: I'm new to subject-to and a little confused about what happens exactly when a bank does have a "loan due" clause and they do find out that the deed is in my name and ask for the loan payment. Say I can't ...
Erin O'Connor Smith
Getting the upper hand back
My lease with my new tenants states they need to provide proof of renters insurance within 30 days of moving in. I sent a gentle reminder that this was past due. I received a reply stating that it was buried in the le...
Greg P.
Limited Warranty Deed? Need some help
Hello, I am buying a house from a local bank as a limited warranty deed. I'm a bit confused why not as a general warranty deed. Are they trying to hide something? Should I request I get a warranty deed instead of li...
Larry T.
3 insurance policies?
We have an LLC and have a commercial liability policy with fire and dwelling, as well as the umbrella policy that extends liability limits beyond the original policy. Do we also need "Landlord" Insurance? Or is that...
Matthew Perry
1st Property Purchased-OPEN CODE VIOLATIONS!
We bought our first rental property, a triplex (home converted to 3 separate units) after several months of searching for the best deal. We found out after that this property has several open code violations and 1 or...
Susan Sullivan
Advice of Creating an LLC
Good Morning Everyone. I am in the process of purchasing my first investment property. I had paralysis for YEARS, but this now makes sense. Its a small condo unit for short term vacation rentals, across the street ...
Jay Garrison
Contractor won't share license info w/o signed contract?
Hi,I am in talks with a masonry company to do some major repairs to my chimney. I have been sent an estimate already, but when I asked for the contractor's license info (they were referred to me by my carpenter) I was...
David Ronquille
Looking for Advice Please!
Hi my name is David, I'm looking for advice. In 2016 my aunt had two property's and wanted out because she was to old to deal with it, but she did not want sell because she needed the income. So i took them ...