Shaniquea Fails
To Section 8 or not to Section 8 that is the question?
Soooo.... I am at the home stretch of completing my rental property and I am on the fence about accepting Section 8. Apart of me wants to accept it based off of the guaranteed income. Especially if I am able to put a ...
Patrick McKenna
Third Party Bookkeeping: Bench vs Proper.ai vs Other?
I am in the process of interviewing & comparing third party bookkeeping solutions and have come across a few good ones, but wanted to check here to see if anyone had any input. Proper.ai and Bench are my two front...
Don K.
Corporatedirect LLC formation
Has anybody used Corporatedirect.com for forming an LLC? Garrett Sutton is the attorney and I've been impressed with his writing both here and in books. I'd like to hear from someone who has used him to form a compan...
Brandon M.
When to increase rents?
I am in the process of purchasing a small self-storage facility with existing tenants (no contracts), and everyone seems to pay different amounts for the same size units. Some have been there for 10+ years, and some d...
Matt Holmer
Fannie DTI ratio with new rental income
Quick question regarding DTI for a Fannie loan. As I understand that new rental income (less then 2 years) is calculated as:Gross rent * 75% - DITI = income added What I don't know is whether or not the DITI still cou...
Chad Acerboni
Lending options on a STR we have under contract?
Hi All - My business partner and I have an STR property under contract in Orlando, FL that is set to close mid-Janurary. Our goal is to put as little money down, ideally, 10% if possible. Happy to share details (locat...
Ellie H.
Cost Associated with A Cost Segregation Study
About how much would it cost to have a cost segregation on a townhome? I've see anywhere from $5,000 to $15,000. Who conductus the study?We just switched to a new CPA that assured us he has "several" clients with inve...
Bob Ebaugh
Non-Recourse Loan Clause
I am using a small amount (30K) of non-recourse financing on our next purchase closing July 20th. This rental property will be held in our 401K Trust, which permits only non-recourse loans.The lender is an individua...
Shepard Solomon
Buying and properieties in an another state
Hi im in the military and im moving constantly. How do have any ideas on buying and renting homes in another state or me not physically being there. Can you give me tips on how to manage and keep flowing income. Th...
Heather H.
Question on earnest money release
Hi Everyone, I'm having a hard time getting an earnest money deposit released. It seems like it should be a common situation, and I'm wondering if anyone else has faced something similar, and what you did (or would su...