Trevor Justice
Umbrella liability vs. owning property in an LLC. Your thoughts?
Last year, I set up a CA LLC owned/controlled by a WY LLC, with the intention of deeding my 20% share of an apartment building into the LLC. (I've been on title as 20% co-owner.)I was able to transfer my share with th...
Joe Curley
Going to an open house.. time to panic?
Hey everyoneOver the last 6 months i've been analyzing deals, listening to as much content as possible, and got pre approved for a good amount to borrow for my area.I found a property in my area that is in good condit...
Michelle Martin
Everything was going good until the pandemic hit
I currently own 7 Class C and D properties (13 units) in two different markets. Everything was fine until the pandemic hit. Tenants were paying on time, and I had minimum issues. For the purpose of this post , I will ...
Emily Green
I'm starting a remote job and can buy my first home anywhere
I'm changing jobs to a remote private sector position and rolling my 401k over to a traditional IRA. I'm 26 and have almost 14k in that account, but otherwise have very little saved up so far. Since I'm going remote, ...
John Mary
Owner responsibility for water bill if tenant not paying
Received a letter saying it is owner responsibility for water bill if tenant not paying in Murrieta CA area. Tenant uses the water, and tenant apply the account with them and if they are not paying, it is owner's resp...
Kyle Meyers
1099 and W-9 Records
For those landlords and investors who have to send 1099s, they do not need to send them to corporations and non-profits. What records do we need to keep to prove the payee is a corporation or non-profit? Do we still n...
Erik R.
Hilton Head Rental Feedback
Hello BPers,I’m looking at a few properties in Hilton Head as potential vacation rental investments, and would appreciate any local investors or folks that can give feedback on my financial assumptions. Please reach o...
John Lupo
NRIG Insurance Pro's or Con's
Hi Biggerpockets Community I was wondering if anybody has used or is using NRIG for their multi family properties, I received a very low quote that seems to good to be true, I have a fully paid for property in Lo...
Kirsten Wright
1st out of state rental property questions
Hi everyone. I am in the process of closing on my first out of state (Tennessee) rental property. (Sept 8 is expected closing date) I have a few questions. I am doing my research on setting up an LLC and one thing I...
Brandon Ellis
Questions on how to get Started!!
Hi Everyone!! New here and so I figured I lay down my current situation and see what guidance you all can give me. I've been watching the "Rich Dad" videos and realized that being an employee to a business or compan...