David Zimmer
Refinancing without adding value
If I were to put 20% down on a property and then refinance shortly after with no significant changes to the home, would I only be costing myself the closing costs of the refinance? I know the BRRRR strategy usually in...
Mary Carr
Security deposit was paid on a closed account
I rented my house and the tenant paid security deposit with a 3rd party Check on a closed account, now tgey have moved in and i find out. Do i have to go through the eviction process or can I just make them get out of...
John Ma
Land lords experienced with post dated checks as payment
Hey guys, I was wondering if any land lords out there have had any experience with requiring or prefering tennants to post-date checks for the duration of a year or the lease.I have thought about requiring this as I f...
Ben Bakhshi
Poll: Why do you, or don't you, collect rent by credit card?
Many people are against collecting rent by credit card because of the fees, as low as 2.9% + $0.30. Landlords would love to push these fees onto tenants, and vice-versa.
But given that so many tenants make payments a ...
John K.
Short Sale Flip Analysis
First-time investor. Ive been an agent for almost a year now. Ive done my hw as to what areas would be ideal to do a fix and flip, or possibly a prehab (making a property rental ready.). I found a property that I thin...
Juan Alcorta
Closing Costs: Miscellaneous Expense or Cost Basis?
Hi everyone, I recently closed on my first rental property and I'm curious about how to track closing costs correctly. Do they apply as "miscellaneous" expense (which I can deduct when I file the taxes of the current ...
Cynthia Carrier
Can I go FHA?
Hello, in October 2023, I converted my single family home to a rental. Now, in 2024, I'm looking to purchase a new primary residence not that far away. The rental is conventional. Can I go FHA on the new primary re...
Blake Williams
Closing costs?
I found a great deal on a duplex near me, I want to house hack it. I was thinking of putting 5% down and asking for 3% sellers concessions but I don't know if that covers all of the closing costs. Does anyone know how...
Jason H.
Best use with a year of rent upfront?
Hi BP Community,I'd like to survey the forums on the best use of a year's worth of rent paid by a great tenant upfront on a personal residence that is just in the 1st year of a 30 year conventional. Leave it in the b...
Sean Beyrouthy
Stessa - Transaction Category
Hello everyone! My partners and I closed on our first deal in Chester, PA and I have been fortunate enough to be in control of the accounting. We have decided to use Stessa and it seems simple, but I do have a couple ...