14 June 2024 | 3 replies
Quote from @Vasudev Kirs: A free Google account gives you 5GB of storage.Most property management software includes the ability to store documents with the tenant's records.
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12 June 2024 | 3 replies
So, we obtaina full credit report and review collections, chargeoffs, age of credit accounts, active accounts, etc.to build an overall credit evaluation.FICO ScorePct of PopulationDefault Probability800 or more13.00%1.00%750-79927.00%1.00%700-74918.00%4.40%650-69915.00%8.90%600-64912.00%15.80%550-5998.00%22.50%500-5495.00%28.40%Less than 4992.00%41.00%Source: Fair Isaac CompanyPublic RecordsWe also obtain data from national databases about evictions, convictions and sex-offender histories.
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14 June 2024 | 13 replies
I am looking for a platform that is cost effective, but allows me to track all the essentials, give owners access, and ease of accounting.
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12 June 2024 | 1 reply
I am considering two options for purchasing a A+++ SFR cash, Option 1 to place in a self directed IRA and let the IRA own the property and Option 2 is to buy in cash upfront and pay the taxes owed.I am 62 years old and have another five to seven years prior to retirement and so I am trying to set up my portfolio for income generation by that time.
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14 June 2024 | 7 replies
Here are some tips for networking and making the most of your account. 1) I'd fill out your profile fully before you do anything else!
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14 June 2024 | 7 replies
Currently, you could say we are both low-income; I'm a barista and he works in sales.
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11 June 2024 | 0 replies
I posted this on LinkedIn and also felt like it could be helpful on BiggerPockets - I get asked from time to time about converting retirement accounts such as 401k/IRA into real estate assets...
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14 June 2024 | 4 replies
Professional Services: Fees paid to accountants, lawyers, or property management companies are deductible.What strategies have worked for you in maximizing deductions?
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13 June 2024 | 13 replies
my brokers all told me 10.9-11% for HELOC's and so i called Navy Federal CU and they quoted me at 9% with a $700 fee for the loan, that's really competitive so I went with the CU.Brokers are good at getting a bank account loan, based on existing funds if you don't want them to pull credit/income verification
12 June 2024 | 11 replies
They are also self employed but showed low income (technically does not meet our monthly income requirements).