Yvette M.
Tenant payment options
How many options do you give your tenants for rent? Cash, check, mail?Does anyone offer on-line payments only?
Manoj Mathew
New to real estate investing and BP
Hi I am new to real estate investing. I had some old 401 k that I am planning to use by rolling over into a Solo 401 k with an LLC to invest. I have been educated that only non-recourse loan can be used. I came across...
Maxim K.
Lease agreement adjustments
Hello BP members.I’m in the process of gathering all the document for lease agreement.My applicant has a small service dog and I can’t charge any extra monthly fee for it . But I can collect security deposit of $500, ...
Oliver Martin
Quit Claim Las Vegas
Hi everyone. So I finally made my next step as a beginner investor. I formed an LLC. I plan on transferring a couple of properties that I plan on keeping long term from my name to the LLC. Here's a few questions I'd ...
Peter Ulstad
Banking Suggestions In Minnesota
Hi All,I'll be purchasing my first duplex in Minneapolis in a couple of weeks and have a banking question for everyone. I currently bank with one of the large, national banks (not going to name names, but it is one th...
Calvin Schmeling
What Banks Do You Like To Open Your Business Accounts In
I read a book called profit first and it gave me tips on how I should manage my money. In there it talks about having 5 separate subaccounts to manage your money and where it goes. My question is what bank is best for...
Denny Le
Equity in Wholesale?
Hello BP,
I was wondering in order to have a good wholesale deal, does the home need to have a lot of equity?
I have another question, for example:
If a home was bought at $200,000, the fair marke...
Zachary Buschmann
Buying property with tenants
What documents do I need before or at closing to properly show transfer of lease ownership to me when buying a property with tenants in place already? This is my first time buying with existing tenants and just want t...
Wesley Kuo
Do you give receipt/confirmation for rent received?
Greetings BP family!I want to know how many landlords here give receipt or confirmation of any form to acknowledge rent received from tenants? From my perspective, it can be used to:1. make tax reporting easier2. reso...
John Cicilioni
Collecting Rent from The Unbanked
Hello,We own 43 doors, mostly class C. I've read every thread and article I could find about how to efficiently collect rent. Many of our tenants do not have a bank account, none of them have any savings to speak of...