Jeff Dulla
Conforming 5% Down Loans for MFH - House Hacking
I see a lot of general terms for programs tossed around on here - Private Money, Hard Money, Portfolio Loans, etc. The vast majority without any concrete information. In response, thousands of people on here are wonde...
Dusty Laurin
Real Estate Professional Questions
My husband and I are considering listing me as a Real Estate Professional on our taxes for 2021, and we are looking for others who have done this successfully so we can get some more detailed information on it. We as...
Account Closed
Tenant Screening- Joint Income?
It's common knowledge that a basic qualification for a tenant is to show income that is 3x's the rent. However, if a husband and wife or a boyfriend or girlfriend are filling out the application, is this a joint requi...
Kaylee Walterbach
The best way to save money?
Yet another chance to be featured in the next issue of BiggerPockets Wealth Magazine!
Calling all finance savants: What money-saving strategy do you swear by?
By responding here, you're allowing us to print your nam...
Michael Doherty
Closing on 2nd Duplex Should I set up another account?
Hi all,I am closing on my 2nd duplex in December and want to stay organized. Curious to see how people stay organized from a financial standpoint with tenant security deposits and separate banking accounts. Right now ...
Evan Williams
Potential Tenant with Large Inheritance, but no Income
I have an applicant for one of my properties who has no income, but a large amount of money in their name from an inheritance.Everything else being equal, would you consider renting to someone in this situation? If so...
Juliet Hawthorn
Looking for tax reduction strategies
Scenario: I buy 3 properties in an LLC and the properties are rented with a net income of $30,000 a year.I leave that money sitting in a bank in the name of the LLC. Each year I use the entire rental proceeds to reinv...
Cori Carl
Owning real estate in the US and filing taxes in Canada
Determining my tax liabilities for real estate I own in the US as a US resident is easy. However, guesstimating my tax liabilities for US real estate income as a Canadian resident is harder to pin down.Do any of you h...
Steven Lalonde
Managing your own rentals? How do you handle it financially?
Hi BP,For all those folks out there that manage their own rental properties, what are your thoughts, opinions and advice on setting up a Property Management company/business to manage your own personal rentals at the ...
Toby Gingold
LLC's / Checking Accounts
Hi All, I am in the process of closing on two SFR's in upstate NY. I am putting them under the same LLC. I was wondering if I could get some advice about the following:1) How should I set up bank accounts for these? 2...