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Results (135)
Brie Schmidt Paying rent with Cash - Simplifying processes
25 April 2018 | 135 replies

Our tenants pay rent with cash.  Some send money orders, some deposit cash in our account, but a majority used PayNearMe to pay at family dollar locations.  Now the Family Dollar in our area will no longer accept PayN...

Bernard Sanga Collecting rents from a tenant without bank account
14 May 2020 | 43 replies

Hi,
I just completed a deal (duplex) and I inherited a tenant who does not have a bank account. He pays cash to the previous landlord.
I am new to real estate investing and would like to hear recommendations on wh...

Isabel Anness How much cash did you need saved to feel comfortable purchasing your first property?
13 March 2023 | 39 replies

I realize this question is incredibly vague and depends on a whole plethora of factors…In general, what benchmark or criteria did you use to feel financially “comfortable” investing in real estate? I graduated last Ma...

D Mack Seller wants to avoid an audit!!!!!
11 October 2021 | 36 replies

Im in the process of getting a duplex under contract. The home owner and I agreed on a price of 25,000. But he says he wants his money in 3 separate checks (9k, 9k, 7k). He says he wants it this way, so he's not audit...

Account Closed Loaning your own money to your own LLC?
2 August 2019 | 28 replies

After flipping a few properties and acquiring some buy and holds on my own I opted to start a LLC. However the LLC currently has no funds in the account and the bank told me that if I was to transfer any of my own mon...

Darius Tracy Where are you storing accumulated capital until next investment
28 November 2018 | 30 replies

Me and my wife practice many of the principles that we have learned along the way through the help of BP money podcast, countless books, and other resources such as a high savings rate and living a lifestyle well belo...

Henry Clark Self Storage- LLC Operating Agreement
22 September 2021 | 1 reply

Along with creating an LLC entity and creating a "Certificate of Organization", you need to have an "Operating Agreement".Attached below is a redacted copy.  Virtually anything can be written in to this agreement.  Wh...

Cenddie Alaban Our family friend has $150,000 in cash but cannot buy a house.
6 September 2017 | 57 replies

I was stunned when our family friend told me that she would contribute $100 K in cash towards my purchase of a $250,000 Duplex at Tinley Park, Il. I already made an offer on this Duplex and waiting for the Seller's ba...

Steve M. Duplex Rental Fire - Likely Total Loss
8 October 2012 | 7 replies

Hey Guys ...

Hope all is well! I don't post as often anymore, but I still lurk and read quite a bit. Anyways, received word this morning that my Duplex Rental House had a fire last night. Later learned this aftern...