Brandon Hall
What would you do in my situation?
Tell me what you think my best move is in this situation.
Young, ambitious and have many options!
You are only 18, and for obvious reasons have lack of credit history.
You have about 22,000 dollars to play with.
Also ...
Account Closed
How to start flipping homes without any money down nor credit
Hello bigger pocket family. My name is Harold Winchester jr and I am 20 years old looking to stop working 9-5 job and become my own businessman. With that being said, my question to you all is how do I start off witho...
Chris Roche
Background checks for new tenants
Hey all, What measures do you take before renting to tenants? How do you do background checks? How do you do credit checks? Any advice would be appreciated.Also, how do you collect rent? Do you have a check mai...
Andreas W.
Looking for letter explaining to tenant consequences of eviction
This is a long shot: A few months ago I read a post from a BP member showing a letter sent to tenants at risk for eviction. In this letter all negative consequences for the non paying tenant are explained in an easy t...
Account Closed
Canadian looking for info on setting up US corporation for REI
Hey Everyone,I am a Calgary resident, Canadian citizen looking for primary resources on the limitations of US real estate investing as a Canadian. My plan is to set up a C Corporation in the state I'm most interested ...
Heather Pelletier
Cash reserve?
I now understand the 50% rule but I am unclear about cash reserve. If you have a house you bought following the 50% rule how much cash reserve do you recommend having for the what if's? Is it necessary?
Heather
Chris Taylor
Analysing a rental property expenses
Dumb question but I am new to this and wanted to get some feedback. When doing a rental property analysis I have items such as repairs, CapEX, and Vacancy. When you actually collect the rent and pay the monthly expens...
Rose Stuart
When you can't run a credit/background check - foreign student
In my 8 years of landlording, I have relied heavily on background and credit checks. But now I have a vacancy and an applicant who is a foreign student at a local college. He does not have a social security number, bu...
Oscar Miguel
How to go about getting a personal line of credit?
Hello everyone, I hope everyone is safe and in a good mental space; given the circumstances.
I've been working to be as ready as I could be in the event of a downturn. I've done a few REI projects and am currently w...
Todd Carlson
Using Convenience Checks to offset credit balance
Hello Everyone!
I just got out of a Legacy education class and the instructor brought up the intetesting topic of convenience checks. He said you would write the convenience checks to yourself for the maximum amount...