Mike B.
Newbie - First Ever Tenant Screening
I found my first tenant and everything seemed fine. I went over the requirements with her. Gross income three times rent, Credit score greater than 600, etc... All is good she says. During the showing she mentioned he...
Angelo R.
Higher security deposit for more tenants
Standard practice seems to be a fixed deposit amount per unit, regardless of the number of tenants. While there are other factors and exceptions, more people generally can cause more damage than fewer people. I always...
Pedro Echevarria
What happens if you get married
What happens if I have a FHA loan and marry someone with an FHA loan? I understand you can only have 1 FHA loan but what happens when you and your spouse become one(join accounts) ?
Nicole Wahl
LLC Taxes
If i've filed personal taxes and listed my LLC as self employment is that all the filing that I need to do since LLC's are pass through tax entities?
Shane Ward
Tenants combined income or each must qualify?
I am marketing a couple of rental properties and have several people interested. The problem is that the people I would like to rent to do not qualify individually but do qualify as a couple. Should I keep looking for...
Alia Abbasi
Missouri City/Pearland Rentals
Howdy! I have two clients (tenants) who are looking for a place to rent:Client A is a married couple with 2 kids (11 and 12 years old). Their credit scores are 600ish and 650ish, and their income is approximately 10k ...
Dolphurs Hayes
LLC set up for married investors
Hey for my married investors in the group. How do you go about structuring your LLC and building your portfolio when only one person is actively involved in the business? Should both people be listed as members of the...
Eric C.
Selling half a house to a significant other
Here is the situation. My 4 yr girlfriend and I are moving back to an area where I own a house outright. It is currently rented, and my intent if I kept it as a rental was to cash out the equity as it is worth about...
Jordan Spohn
Questions on FHA loan
Me and my partner are starting out with low incomes every month. Our first plan is to occupy a duplex or triplex with an FHA loan and get monthly income from the other tenants. Is it possible for us to get a combine...
Kate Jones
Marriage, LLC, and First house
Hi BP.I am currently engaged. My fiancé and I are planning on getting a property in January or February of 2023. Before I ask some questions, I want to give you a little background information on us.We both were in co...