Lana Forbes
How does a private lender report their income for tax purposes?
Hi BP members. As a private lender, how do you report the profit you make for tax purpose?For example, I loan 50k and after 3 months I get back 58.5k in return (50k loan, 5 points = 2500 and 12% interest = 6000). Ho...
Thomas Gardner
Credit / Background Checks For New Tenants? Small Op. Who's Best?
Anyone have a good alternative to joining one of the big 3 bureaus for getting good quality credit and background checks? I have a multi tenant office building I manage myself and can't really justify a monthly member...
Doug Dattawalker
Free credit and background checks
Hi all, My prospective tenant is finding and sharing free credit, background and eviction history reports. Are these acceptable to the general consensus here on BP? SmartMove only costs $43 here in CA. Is it too much ...
David C.
Quickbooks Online … Class vs Customer
The QBO class tracking feature, found in the more expensive Plus and Advanced versions, is used by many investors. I’m wondering if using Customer instead of Class would work, thereby allowing the less expensive Simp...
Ray Agosto
Building Credit By Owner Financing
I just thought of the fact that owner financing is pretty much the owner is the lender. Now just a curios question, with a owner financing the property is there still a loop hole to still build credit as well or only ...
Ibrahim Hughes
App or spreadsheet To Help Manage Holding Expenses of Rehab
Hi All. Looking for something simple to manage the expenses of multiple rehabs (which will be sold retails within 6 mos.). Nothing too complicated. Checking BP but nothing sticks out. I will put something together...
Michael Devine
When a tenant is evicted does it go on to their credit report
I won an eviction by default in NJ my question is does the court decision go on the tenants credit report?
If it is suppose to go on the credit report automatically how does that happen because the court does not us...
Paul H.
Researching 2020 Syndication Software
Good Day BP.
I'm reaching out for feed back on syndication software and I'd like to know what you use or if you have invested in a syndication... what investor portals stood out to you. So far I have had demos of ...
Dave Kennedy
Small Biz Credit Card - Do you pay?
If you took out a small biz credit card with 0% interest for 12 month in order to buy things for a start up and floated the balance until you start making income to pay it off does it hurt your credit rating?
EX...le...
Fred Kite
Self screen for rental application
Are there any services that can help me as a renter to pre-screen myself so that I may expedite/improve my experience as a renter applying for an apartment?