Account Closed
How are other landlords using their LLC’s
I just registered my LLC and i want the income/cash flow that’s generated from my existing rental property to count as income to the LLC instead of myself. Should I possibly have the tenant deposit rent payments into...
Leatha L. Luttrell
Novice here! Where do I begin?
Hello Everyone,So I have purchased my first home, rehabbed it, and am now renting it out. I want to do this process again minus major rehab.My question is should I get an LLC now or wait until I have more homes?I am ...
Greg Yandle
2nd Deal Analysis - Cambridge, Ontario, Canada
Hey everyone,It's Greg again with another deal for review. I used conservative numbers with this one. Please give all the feedback, advice and crisitism you have. I'd love to hear about errors, omissions, unrealistic ...
David Bertolaccini
Inherited real estate
HiBeen a member for a while but this is my first post. I have elderly parents who own a multi family just north of Boston. My siblings and I are looking into creating a trust for the property. Eventually the property ...
Yul G.
Deal Analysis
Hi All,
Became an instant fan of this place soon as i stumbled into it and have already picked up a vast amount of knowledge. I wanted to present a situation I am currently going through to see if I could get some gu...
Ben Skove
Unlisted REO opportunity - advice/strategy?
In the process of making a spreadsheet of the properties in close proximity (2 blocks) of my rental, I discovered that one of the properties is a REO that's been transferred from bank to investor to bank since 2007, f...
Michael Bruno
Tenant that didn't put the utilities in their name in PA
I have a tenant that never put the water nor sewer bills in their name and it states in lease that they are obligated to do so. I paid the last quarter's bills because they were experiencing a hard ship, but they were...
Jeff Piscioniere
Cash out refinance in an LLC
Hi BP Community,My partners and I are looking to pull out equity of our investment property to move on to our next purchase. Shortly after we purchased two and a half years ago we did a quit claim from the mortgage in...
Jeremy Anan
Tenant Abandoned the Property
Hello BP - We have a tenant in a unit in Baltimore City who has been giving us some headache.- The guy works for Amazon in Baltimore. He was working at Amazon New York and transferred to Baltimore. He moved in on Febr...
Sheena R Roth
Up to a year to identify a property for a 1031? Is it possible?
Property type: fire station with on-site living quartersScenario: The property is currently rented to an EMT company to park their ambulances and house the EMTs while they’re on-call. A new owner just came into the pi...