D Mack
Seller wants to avoid an audit!!!!!
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...
Gary Sowell
Quickbooks for owner rental properties
I’m setting up quickbooks and trying to figure out how to record a few things.
-Rent do I set the up as a bill or invoice?
-when the renter does not pay so I have to pay to cover the mortgage payment how do I record...
Dana Holland
Found false info on rental application
We have tenants that for various reasons we would love to get rid of if we could. I was just able to get a hold of a previous landlord who told me that they broke their lease agreement with them, however on the renta...
Doug McLeod
Pros and Cons of Section 8 SFRs?
I've had a couple of inquiries about Section 8 on recent rentals I've had available. Have never had a section 8 tenant, but have stated that I will accept if income criteria (3x rent) and other criteria (rental histo...
Mindy Jensen
How do you collect rent?
Hey hey hey BiggerPocketeers.I'm doing a bit of research for an article for the BiggerPockets Blog.How do you collect rent? Checks, Venmo, other software (please name names) or something else entirely?Please let me kn...
Ronald Perich
401k vs REI - Data tells the story?
The debate on the efficacy of REI investing over a 401(k) has raged for a long time on BiggerPockets. Thanks to a message from @Christopher Throop, I revisited the topic when he let me know a file I used during an ear...
Dan Giungi
My first investment-Real Estate vs. Stocks
Hi! I'm hoping there's a few people on here that can give me a little guidance. I'm 26 and just starting to seriously look into real estate investing as a vehicle to become financially independent and fund my retireme...
Steven May
How Much Are You Putting Away For Retirement Vs. Investing
As a millennial and recent college grad and wanting to begin building a portfolio of properties while working a full time job, a question I constantly find myself contemplating is how to plan for an early retirement a...
Jason Minnich
Late Rent Money Order with a twist
So in searching the forums before posting I found a LOT of people asking what to do when their tenants say the check is in the mail. Typically the story goes a bit like this: Rent due on the 1st, late on the 3rd-5t...
Alexandre Medrano
Rental Income numbers
Estimating rental income is something that I am struggling with when analyzing deals. Any tips on estimating rental income? So far i have been using rentometer and craigslist for listings of similar properties for ren...