Greg P.
Getting Approved by Local Bank with a Partner with Good Credit?
Hello, I am planning on purchasing a full functioning commercial property directly through a bank and they are willing to do the financing. My partner has been a investor for many years and has a great track record w...
Faiz Kanash
Does my type of income qualify me for a conventional loan?(Bank statements loan?)
Hello all,Just a general question. I primarily work with hard money lenders to satisfy my needs when it comes to my projects as a fix n flipper, however there is also benefit if I'm able to work with conventional loan...
Keaton Labby
Renter "between jobs" offers to pay entire year rent up front
Hi Everyone, I have a few tenant applications and one of them is offering to pay the full 12-month lease's rent up front with the security deposit. After the screening process the background check, eviction report, an...
Raymir Cuevas
Seeking Advice: Starting Real Estate Investment in NY with FHA or Conventional Loan
Hello BiggerPockets community!
My spouse and I are excited to begin our journey in real estate investment in New York. We currently own a co-op in Queens, which we purchased a year ago for $260,000. We made a 20% dow...
Christopher Boyle
To all the Married people - Am I screwing myself?
For all of you who are married (or soon to be), how are you handling your finances with your spouse? Keep totally separate accounts, merge everything, or make a stand-alone new joint account? My original thought was...
Ryan Keenan
6 month reserves
Will banks count a 401k for 6 months reserves for each of your properties in regards to buying another property?
Isaiah Pitchford
New Member - Looking for advice on reversing decisions made in 20
I am 25 years old. I fall almost to a T what Scott was describing in “Set For Life”. My income is not an issue... I will start living a more frugal lifestyle & can easily save thousands of dollars every month.
H...
Brigitte Garrett
Accounting for managing LLC and property trust
Hi all, Newbie here...We have set up a single member LLC for us to act as our own property managers for a 4 plex we just purchased. The 4 plex is owned by a trust with a 2nd single member LLC as the benificiary.I am...
Katarina Takahashi
Denied applicant based on income - now they say they have a housing voucher
This is my first time as a landlord screening applicants. I had an applicant on Zillow for a property with an income less than the rent amount. I confirmed with them their income amount. After they confirmed they make...
Ali Senchenique
Security deposit and rental income question
Question about bank accounts. Do you guys keep security deposit in a separate bank account and if so what kind? CD, money market account or just plain bank account? Also for rent, do you open a different bank account ...