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I Am looking to invest in property that will not be my primary home. I know an LLC is the safe way to go. My question is, should an Attorney be sought to create the LLC?. I saw an Attorney and if I move forward the ...
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Hi, We have 5 SFR rentals currently we have also flipped 5 also. We are actively seeking the next property, but the issue here is... we are working on financing. So far we always purchase our houses in our LLC and w...
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I’ve been doing fix and flips for a few years but I had my CPA tell me I should open a different LLC for every property then close it when the property has sold. Thoughts?
HI! We own a six unit building in Chicago IL and we are looking into consolidating all to just one electrical account, and installing solar panels. We would like to meter electrical use for each unit and for the bui...
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Here is a fun one for the new year...We just bought a duplex and inherited 4 tenants in one 2 bedroom unit. They are 2 couples. On the 28th one couple said that they were assaulted by the other and are moving out an...
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So here I am, just a lowly metalsmith, hammering away at the anvil and feverishly listening to the Bigger Pockets Podcast (as metalsmiths do). I was introduced to BP only a couple months ago and figured I'd get famili...
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I’m writing here regarding wording for a tenant. We have a tenant who has generally paid on time, but she lives in a duplex and is rude, aggressive, and disruptive to us as well as the other tenant. The other tenant s...
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First post, I hope I'm following the rules and I appreciate your help. I bought a duplex in September. One of the sides was vacant and in need of renovation and I had a builder do this in October and November. While s...
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My lender is requesting a CPA comfort letter. Has any had experience with a lender requesting this type of document from their CPA? Has your CPA been reluctant to provide such a document due to the perceived liabilit...
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Many disabled senior tenants who are on a fixed income and who have been residing in the complex of 16 units from 3 to 20 years month to month. Owner is aware of the disabled and senior tenants . He has never raise...