Shawn Thomas
Bank Account setup (multiple accounts)
I plan on owning multiple investment rental properties. I know for each you should at least have it’s own operating & reserve account.However, do you create a bank account that I guess oversees all the specific op...
Michael Healy
Total utility submetering?
I am in contract on two older MFHs totaling 14 units. It's a mix and match in terms of what utilities tenants pay for between the two properties. Both have submetered electric and one has individual thermostat control...
Lewa O.
S Corp Loss Reporting impacting Personal Mortage Qualification
Hi,
Looking to get some insights from the experts.
As a REI, we do our real estate transactions under an LLC (S Corp) that focuses mostly on new constructions funded via private lending.
Now an average time for us...
Ryan Miller
Property Performance Tracker
Hello, I am looking for your recommendations on a program to use to track/analyze a current property's performance.
Rebecca Schnur
Stessa versus Others
Is anyone experienced with the online management company Stessa? I would like to use it to collect payments and track bank transactions but I am concerned about security. Or, if not Stessa, who do you like and trust...
Matt Thornton
New Investor Need Advice on Credit Card Debt
Good afternoon and happy President's Day! I am a new investor and I've gotten myself stuck in the mud, so I am looking for advice from some of you wonderful folks. Context of my story/situation (please forgive the l...
Derek Francisco
FHA House Hacking & Using a Credit Card to Save for Down Payment
Hi All,This is my first post. I have set a goal to buy my first house by the end of the year, preferably by the end of the Summer. I have good credit and a credit card with a relatively high limit. I'm already pre-app...
Jerry Padilla
Only Exceptions To Qualifying For A Second FHA Mortgage.....
https://www.biggerpockets.com/blogs/5110/blog_post...The only circumstances in which a borrower with an existing FHA insured loan for a principal residence may obtain another FHA insured mortgage on a new principal re...
Candace Ellison
Which account does property managers hold Reserve funds?
Hi guys,I recently obtained my brokers licensed in Tennessee and I am launching a property management business in June. In Tennessee, brokers are required to maintain an operational account and trust account. The only...
Amanda G.
How do you handle it when someone doesn't have a rental history?
I have an applicant who is moving out of the home of her kids' father (how she puts it in the application). She has no rental history given. How do you handle that? Do you balance it with some of the other income or c...