Hegsdery Gret
Is it useful to setup a Wyoming LLC
I have been reading what different people say about starting an LLC. SOme say do not use an LLC and only use liability and umbrella insurance. Other think setting up an LLC in the state where the real estate is . Othe...
Robert McAllister
Group Home/Assisted Living
I have a lead on an available Group Home/Assisted Living Center in Milwaukee, WI. 4 BR ranch home currently collecting $2500/mo rent... could be more. It will be listed at $259,900, close enough to the 1% rule for me ...
Casey Rolland
Insurance Coverage item "Water Backup of Sewers or Drains"
My old insurance agent retired and sold his company to this new agent. I am told that my insurance coverage is lacking "Water Backup of Sewers or Drains" and this is the most frequently claimed items from Landlord Pro...
Jason Kha
detroit, mi home insurrance quote?
Hi BP communities !I watched 50% rule video and I read blog about rental property number that posted by @Ali Bonne. I tried to applied what I learn to purchase my first turn key rental properties in Detroit, Mi. There...
Matt Burgess
LLC on Deed, but not mortgage
Hi everyone,My partner and I are looking to purchase property and potentially bring on a third money partner. To be more clear, this third partner would provide the down payment and get the loan in their name.From wha...
Brandon Hamlin
Trust
Hi,
I was with a seller discussing the contract that i hoped he would sign to have it under contract. He failed to disclose that the house is under a trust with the uncle given power of administration over th...
Jason Baehr
Insurance for flips?
I'm currently closing on my first flip house. Its a 1350 sq ft single family home in the Houston area and needs mostly cosmetic work. My hard money lender requires I have homeowner insurance so I started by getting a ...
Scott B.
Anyone benefited from the liability protection afforded in an LLC
Hello BP members,I am considering placing my rental property into an LLC for liability protection and dropping my umbrella insurance due to a spike in the rates and the fact that we don't own an automobile. As I am l...
Christos Philippou
VANDALISM - Avoiding while under construction
Hey everybody...I stumbled across an absolute gem recently. The house's shell, foundation and roof are up, but the entire inside needs to be rebuilt. The studs are up to get definition to the spaces, but it's complete...
David Rhodes
Financing down payment
Hello All!
My girlfriend and I are building our first home in Florida together. Which is going to be our primary residence.
At the time the house is finished we won't have the recommended 20 percent down payment .
...