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So, right now, I'm requiring that the tenant have 3x the rental as their income. I've also heard it said that you should require 35 times or 40 times the monthly rent as their yearly income (which is a bit more strict...
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I only have two blemishes on my credit report( a hospital bill and a old gym membership) but i didn’t have any credit prior to the blemishes. I’ve gotten very serious about going the entrepreneurial (rental properties...
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Hello BP community, I was curious to know what are some of the ways value can be added to mobile home parks? I’m looking to make my first purchase and would like to see how I can improve this property.
Upon selling my valuable 2 family house in which I hold the deed , do I qualify for a 1031 exchange on my rental unit (which was originally occupied by us but has been rented out for the last 5 years) as well as qual...
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So I’m sure this happened or happens frequently but this is my first investment property. My insurance and taxes aren’t in escrow with the lender. I’m other words I have to pay these payments my self without them auto...
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I am beginning the process of taking a vendor to small claims court in Georgia for non-delivery of materials and services. The total amount is less than $3000. My question is that since the vendor was paid with a chec...
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Hello Everyone! I am a Texas landlord that has currently have a tenant vacate the house and i think they weren't able to solve their problem with the water utility company they used. If they didn't resolve things the ...
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For those who've been doing this for a while (or for a short time), what legal entity do you use for your REI business?
A) LLC
B) S-Corp
C) Corporation
D) What's a legal entity?
Extra points if you feel inclined...
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Not looking for a dollar amount but generally speaking. Reinvest all or take a small percentage for self, savings, personal?
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Hi All,I have a triplex in Los Angeles I manage myself and am not looking for a property manager. However, I am looking for someone that can field calls and direct to the appropriate handyman/contractor in case of an ...