For a landlord who has properties that are finance and have been rented out for 2 years and who is applying for a mortgage to expand his/her portfolio, is that landlord required to have 6 months cash reserve on hand f...

Hi all,I've owned my property for 8 months now but now having my first tenant turnover. A few questions,- Brandon Turner's property management book mentions on the rental application asking for the prospective tenant'...

What happens when your mortgage matures and you have a balance? Do you automatically go into foreclosure.

we paid cash for a multifamily property. When creating a monthly profit and loss statement do you include property acquisition as an expense? Or do you just include it in the balance sheet and don't really count it as...

My husband and I bought a small multi-family last year and are self managing.  We require 2.8x rent in income and included that in our listing.  We have an applicant with 2.3x rent for income and commented on the appl...

In the course of searching for buy and hold rentals, I have been offered several properties that are currently under existing Land Contracts which leads to a couple of questions for the experts here.

First, what are...

Team - has anyone (who uses quickbooks) been told by a CPA to hold their property values steady (i.e. original purchase price/value) in their books around tax time?  It would be nice to have an accurate picture of tot...

So just a hypothetical situation. What if your home appraises for higher than ask price? Does that get built into equity to remove PMI Faster if I put 10% down. Seems like a simple math equation that 80% of the spread...

Pardon my ignorance, but in reviewing some income statements for investments I'm trying to make sense of some napkin math concerning Net Income and Distributions. For distributions to occur for a multifamily property,...

Hi BP friends, 
I have a tenant that has lived in my property for 6 months and has been late 4/6 months. Typically, she is just a few days late and pays the late fee. This month, it is the 13th and she has still not ...