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Tenant Screening- Joint Income?
It's common knowledge that a basic qualification for a tenant is to show income that is 3x's the rent. However, if a husband and wife or a boyfriend or girlfriend are filling out the application, is this a joint requi...
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What is the best salesperson course to take online in NYS?
I'm from upstate NY and am enrolling in the online course today but am unsure of which site I should go through. I've heard that some are more area specific (like NYC) so I want to make sure I'm taking the appropriate...
Jordan Riordan
Sell or Rent Out my Condo in the Bay Area?
Hi everybody.I'm an ICU nurse and purchased a condo in Green Valley (Fairfield, CA) when I was 23 and have lived in it now for 2 years. Selling price was $390,000 in which I owe about $340,000. There have been 2 ident...
Jay Neal
Revocable land trust
If I'm wholesaling a property in a landtrust will the beneficiary name show on the hud report or title. I have the most bizarre situation I'm dealing with.
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Potential First MFH Property
Hi BP Community! This my first post. I'm looking at my first potential investment property. It's a duplex in a C class neighborhood.Below are the expenses:Purchase price: $94,000 (conventional financing 25% down w/ 5....
Vanessa Ryder
Corporate Veil Protection. Nevada vs CA??!!
My business partner and I (we both live and operate in LA) are planning to set up an LLC for each flip we do.. But getting mixed advice on Nevada LLC's vs. CA ones.. Some say NV is kinder insofar as protecting us re p...
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Need Advice for 2 Unit Duplex deal
Hello Everyone!
I'm new to biggerpockets and I'm here to seek for insights on a deal I'm working on.
I'm a first time homeowner and the property is a 2 unit duplex in the state of Washington. I'm going to use all my...
Jason Howell
ARV slows down deal analysis... right?
I'm in the midst of @Brandon Turner's 90 day challenge where I have committed to analyzing at least one property every day for 90 days. So far, I've really learned a lot about the many facets of deal analysis and in p...
Ed Goble
Mortgage in my name but Property Title in LLC name?
Long story short. I got a Wyo LLC in order to have anonymity.I want to buy the houses in the name of the LLC and not my name. I have been told that is ok, even though the properties will be in another state and not ...
Keenan Steverson
Screening tenants - 3 times the rent - their Gross or Net income?
When screening tenants, income is at least 3 times the rent (traditionally). Is that 3 times their Gross income or Net income? I assume Net, but being a rookie, I don't want to make any assumptions. Thanks!!