Don Jackson
Property tax paid in arrears
This seems very basic, but I'm not sure how this works.I purchased a property at the and of August 2016 in Milwaukee. I now received the property tax bill for 2016. I've read on-line that property taxes are paid in ar...
Linda Roberts
Handling last month rent, how to charge the difference?
My tenants have lived in the house for several years. During this time, the rent has increased by $650. How do you handle the difference between the original last month's rent and the current rent? Do you require tena...
Jacob Patterson
What insurance to use???
I'm in the process of closing on a foreclosure in the Atlanta suburbs that I am going to rehab and sell. I'm curious what is the best type of insurance and best insurance company to use to insure the house while it...
Rex Sundberg
Billing question for MTRs
Hello folks, I have a question concerning billing for a short term rental that I will be leasing out as a midterm rental during off season. I have only used this property as a STR and I don't know when to collect sec...
Jeremy Jackson
Help setting up Wave accounting
I'm looking for some help with getting started using wave accounting. I only have one rental property. I acquired it 2 weeks ago and repairs are being made now. I will be filing using 1040 section E. I use 2 accou...
Keith Minton
Looking for BRRRR Bank in Cleveland Ohio
HelloI am looking for a bank where i can do a cash out refinance on properties i buy with Cash that will lend in the Cleveland Ohio area.I have called around but not that many banks will do a cash out refinance withou...
Daniel Sabato
Grounds for Firing a Property Manager
I’ve got a 1-year contract with my property manager & then after the year expires it becomes month to month automatically. I want to get a new PM earlier though because the current PM is horrific. They take foreve...
Steve Kirsch
Interest rates for loans from hard money
Hello BP Family,What rates are usually offered when obtaining a loan from hard money lenders or from personal relationships compared to rates from traditional institutions?Thank you.....
Daniel Dietz
Seller Financing for Portfolio of Homes - Good, Bad, Etc...???
Hello,I am in VERY early stages of possibly being able to buy a portfolio of properties from a local investor who is well into retirement and might be ready to bow out. For simplification, Ill use round numbers. I wan...
Al Morello
2nd Position Deal advice
Hi, I've done a few hard money loans in first position. First, though a company then on my own. I was recently approached for a 2nd position deal, which I've never done before, but the terms sound so horrible to me th...