Billy V.
Power of Attorney Question
Hey BP Nation,
Got a call from my agent today that the buyers (husband and wife) of my property were all set to close till the husband had some kind of severe medical issue. He is in the ICU and apparently (obviousl...
Vincent Plant
Next steps against a tenant who is not paying?
Well I’m about 3 years and 6 rentals into my landlord career and I finally have my first tenant refusing to pay. Rent is about 10 days past due, and the quarterly utility bill is about 30 days past due (it’s tied to t...
John Silva
Research on Hard Money Companies
Hello all, I'm researching hard money companies to possibly use on my next investment. Has anyone used the following companies ? RCN Capital, Finance of America, or Viso Lending. There are many more out there and woul...
Chris Hicks
General Excise Tax on Rental Income Hawaii
Hello All, Just trying to get some clarification on why HI has a GET (General Excise Tax) on gross rent. I have searched around with no answers. I understand that you have to pay taxes on rental PROFIT. But HI char...
Philip Breeden
What really goes on in wholesales?
I've heard of people making money from buying bank-owned properties and selling them before they're required to make their first payment. They say its as easy as that, but I remain skeptical. For those of you have don...
Scott K.
Looking for a simple way to budget personal and investment finances
What have you found to be a simple but effective way to make a budget for your personal finances when you also have expenses related to your properties?
I often find myself asking questions like "Can I afford this im...
Daniel Patton
Corporate Veil
I know part of maintaining a corporate veil (LLC is my case) is to make sure you don't use business funds for personal use, but is it ok the other way around? i.e. using personal credit cards/bank accounts to fund bus...
Andrew Rogers
Separate Bank Accounts for Property Income/Expenses?
So I'm still in the learning process of real estate investing and this question randomly came to me. For those of you who currently have property and have (rental) income generating from it, do you have separate bank ...
Dan Williams
Are banking relationships important? or does it mean you are over leveraged
Hello All,Background - I own 13 SFH all with conventional mortgages. - Currently, our LTV across all properties is 40%. - No experience with portfolio loans or commercial lending, educational awareness from...
Adam Slack
Another LLC question... Please don't run.
Reading through some of the discussions, I'm seeing a lot of mixed views on wether or not an LLC is necessary for wholesaling. As I enter the final stages of preparation, my initial plan was to just create an LLC righ...