Ryan Z.
How to maximize DTI for new conventional mtge?
Hi BP - Hoping for some guidance here. I have 1 cash flowing rental property (FHA mtge as I used to live there) and I'm currently leasing the place where I live now. In the next few months, I'm hoping to buy and mo...
Justin Campbell
Using Self-Directed IRA to Buy Short-Term Rental
Hey BP Community,I have met with a self-directed IRA firm and am exploring the possibility of using my retirement to buy a short-term rental. I'm familiar with the basic rules surrounding the product, but I'm wonderin...
David Wales
HELP! Need Creative Ideas for Funding Triplex Quickly!!!
I am scheduled to close on a triplex property in Charlotte, NC near uptown in an area where very few multifamily comparables exist. I was intending on executing the BRRR strategy but my financing has hit a roadblock d...
Jessica Young
Can repair people enter without either landlord or tenant present?
In Florida, is it legal for the AC company to enter and perform a system replacement without us (landlords) or tenants present, if we provide access via a neighbor who has a key? We are out of state and have a very di...
Clarence Ng
Should i fire the contractor
I’ve hired the GC since Jan. Gut and redo entire house. I also hired two separate project consultants to deal with issues with this contractor. The GC don’t respond to my requests, had to project manage them, they sto...
Carlo Con
Schedule E income...what expenses to include/exclude for new loan
I would like to qualify for a new home loan. I spoke to 3 different home loan officers and they have given me different information each time. Here's my scenario.I bought my house in 2016 and started renting it out ...
Bill Dickson
Why is a LLC is important for your business?
Where do you go in your county to apply for a LLC.?A LLC has so many tax advantages for your business. So why doesn't everyone? Even as a wholesaler you need advantages.
Cole Simpson
How Short- Term Rental Hosts Are Taxed?
Nothing stresses out a host more than short-term rental taxes.A deduction is an expense you spend on your short-term rental business that can lower your taxable income. This is a good thing! The more deductions you re...
Benjamin Sulka
Rental Income for Loan Qualification
Is it typical for lenders to allow 75% of rental income on your previous property to help you qualify for your next property? Would love to hear your experience with lenders and scaling your portfolio with the right o...
Noah Carrico
Ethics of a college student renting to a faculty member
I live and work in a small town dominated by the local private university. I take classes part-time around my work schedule. There is a very real chance, even without targeted marketing towards them, that I could end ...