I spent some time looking through the forums for ideas/recommendations for how to setup my quicken register to track rentals. I see most people recommend QuickBooks or some other package. I am currently tracking ...
Hi,I purchased a rental property with my self-directed IRA (all cash) in 2013 using an LLC set up for me by an attorney. I recently discovered I can borrow against the property to get cash for down payments on more r...
I'm not looking for legal advice from this forum and will escalate this to my attorney if necessary.I'm currently under contract to purchase a fourplex and during my due diligence I have determined that one of the apa...
Basically, I want to make sure that my tenants will be able to pay if one of them ups and leaves, disappears, or gets hit by a bus.Is it ok to require minimum income of 5x for household and let's say 2x for individual...
Am advertising my single family house for rent now as the tenants will be out in mid-June. The house looks very well with their furnishings in it and I took some pictures a few months ago while doing some paint touchu...
What should a comprehensive presentation plan for your lender include so they know you have all your ducks in a row?My last question before I decide if I want to go BP Pro.
The debate rages on about the cons and benefits of buying a primary residence. As a military member, one of my primary strategies has been to purchase a primary residence with a low ( <5%) down payment and rent u...
I am converting my primary residence to an investment property and understand the benefits of putting it in an LLC from an asset protection standpoint. I do already have a large umbrella policy. I'm interested in unde...
What are the pros of putting a property in a llc vs just getting a 1-2 million dollar umbrella policy to protect yourself?
I’m refinancing my home that I currently live in into a conventional loan. Once I buy another...
Hello guys,my partner and i are using for the first time a local hard money lender in the los angeles area. We are borrowing 250k over 3 monthsWe just received their estimated settlement statement which seems to carry...