When does it make sense to get a property manager? Working the numbers, and considering a possible annual vacancy, it seems to zap out entire profit for the year if we are paying 10%, then one month of rent for a one-...
I have my first rental property in escrow. I am currently writing up preliminary rental applications and rental agreements. I plan to take them to a lawyer for review and revisions. Lawyers charge by the hour so I fig...
kinda curious....i feel renting is probably my best start once i get into this, mostly because i have no knowledge on flipping and such. But to the question....what is the end game with renting? Do you hold the proper...
Does anyone have experience or knowledge about using land trusts instead of an LLC, for both privacy and legal protection? I am not speaking of living trusts but land trusts. Of course the more private the entity the ...
Can anyone explain what deductions are allowable as a limited partner in a real estate deal vs. actively owning/managing a property? For example, if someone creates an LLC through which they invest in limited partners...
My business partner and I purchased a 3 flat in Chicago for $325k about 3.5 years ago. We are currently getting $4300 in monthly rent - Soon to be $4600. We formed an LLC immediately after purchase. We have bee...
Hi Guys and Girls,I am thinking of paying a monthly fee for online legal advice from Rocket Lawyer or the like. They claim to provide custom legal forms and advice for like $40 a month and you get a discount on actua...
As an agent, I am always thinking of ways to start branding myself now so that when I am ready to become a broker and form my own brokerage, I would have already become a recognizable entity in the industry and in ...
I wanted to announce that I will be hosting the next UBBNE event on December 11th. I've provided the details below but if you want to be on my email list, please message me with your email address so you can get...
Hey everyone, I am new to the Bigger Pockets forums and have a question regarding a potential transaction. My girlfriend and I live together in a house that she owns. The home has a detached garage in back and is zone...