Nikolai Sazonov
Tenant with a dog, willing to pay more
I live in a 3BR 3BA townhouse and I've set the rental price for master bedroom to be higher than the market to see what happens. The most promising contact I got is an employed, college educated, 30yo female with 35lb...
Eric Brust
Thoughts on Stated Mortgages
I’m 23 years old and I work off the books with no verifiable income. I’m lucky enough to have 600k in the bank and I’m looking to buy a home to live in while renting a basement or garage. I was told by someone to chec...
Brendan Rowe
Working on Easter Day 2017
Hi there, so I'm currently 18 years old and working at a Culver's as my first job to earn some money. I recently found out I'm working on Easter and I am a very religious person so I obviously object to that. Manageme...
Account Closed
Potential tenant may have submitted fake employment letter
I have a potential tenant applied for my room for rent. She disclosed to me that she has bad credit due to her past (unknown, didn't tell me more about it), only been at her current job for 6 months, and submitted 2 e...
Ron Gallagher
Starting a "Group House" (Rent by the Room) Questions
Hi all,I am buying a massive 4 level row house in Washington DC and I will live in the basement apartment unit and rent out the six bedrooms available on the three upper floors. My questions are--1) Do you have the t...
Travis Kemper
401k/ self directed IRA
Hi all,I am leaving my current company in October and would like to find out what the best way to use my 401k for down payments is. I like the flexibility of being able to take out 401k loans, are there any products ...
Brian Garrett
Why do investors choose LLC's over S-Corp's?
I always see discussions where investors ask about creating an LLC for their business.How come people never discuss S-Corps? Are they not common in the World of REI?I currently own several S-Corps in other industries...
Bob Foglia
Refi out of area rental... 800+ credit but bad DTI
I own a home that used to be my primary residence, but when I moved I rented it out. I have years of payment history and long term renters... But my income isn't great especially in light of some medical bills I'm wor...
Jessica Wygal
Self Employed Applicant - Full Year Up Front???
Help me with this scenario. Two adults have submitted an application. Both have no evictions, no criminal records, credit scores above 750 and less than $1000 in credit card balances. HOWEVER, they are ‘self employed’...
Ian Wallace
Husband and Wife Single Vs Multi Owner LLC -Taxation
Hello Everyone,
I have decided to form a LLC for my next rental property. After speaking with an attorney I have a decent grasp on the pros and cons of having my wife as a Co-owner of the LLC. When asking about the s...