Michinori Kaneko
Switching Title of the property to an LLC
Hi, I just went into contract for my first rental property a week ago. the property i'm purchasing is already in contract with my personal name, as I read many articles about how setting up an LLC is overhyped. I ha...
Greg Cannon
Mortgage written off?
Firstly, i want sure if this is the proper forum to ask this question.Also, please pardon my ignorance with regard to these topics, I've only purchased 1 home so far, and am trying to assist my wife and her father.My ...
Lauren Kelley
Kicking out dog vs. Increased policy coverage
My husband and I just bought a duplex and moved into one of the apartments two weeks ago in Middletown PA. There is a large dog that lives upstairs that was friendly when we met it originally in the tenant's apartment...
J. Erickson
Negligent Property Manager
After my father's passing in 2010, i hired a property management company to operate my dad's rentals as I have no landlord experience and live two hours away. Spring of last year I instructed company NOT to renew lea...
Anna Kuennen
Newbie living in Eden Prairie, Minnesota
Good Morning BP Community,My name is Anna and I grew up in Northern Iowa. My background in RE is purchasing a condo as my primary residence in 2012. I came here to learn more about being a landlord for the future in 2...
Sarah Smith
Applying with Multiple Banks and Hurting your Credit
I've heard advice through several podcasts that if one bank turns you down, to keep trying until you get a "yes." Can anyone give more insight on this topic. My impression would be this would hinder my credit. How ...
Jared Whitfield
Financing and my credit?
Hello all,
Hopefully this isnt a dumb question and Im not even sure what the right category for it may be. However I cant seem to locate an answer.
When applying for financing consistently for flips doesnt this din...
Levin Angeles
Should I form my LLC in my state or where the property is located
I live in NYC and I wanted to refinance my duplex in Toledo into an LLC. I've always heard you should have the LLC be located in the same state as the property but my lender recommended to form the LLC in the state w...
Matt Ransom
Would you rent to this potential tenant?
The good:Clean cut, well spoken, has 2 verified sources of income (one is a transportation business he owns) and meets our income qualifications, good payment history for the past 2 years according to credit report, g...
Adriel Liwag
Personal loan vs credit cards
Hey BP, I'm not sure if this question has been posted before. But I'm in the midst of reading @Scott Trench's book "Set For Life" (awesome book btw). I'm at the part where he talks about "good debt" and "bad debt" and...