David Sisson
Required income for tenant - gross or net?!?
So, right now, I'm requiring that the tenant have 3x the rental as their income. I've also heard it said that you should require 35 times or 40 times the monthly rent as their yearly income (which is a bit more strict...
Doug Sherman
Newbie from Vallejo, Ca
Hi everyone. My name is Doug and I've learned so much reading the forums the last 2 days. 2% and 50% rules are VERY helpful. Thanks so much to the experienced investors Jon, MikeOH and all the others for sharing their...
Elena Casey
Tenant/ Applicant Selection
Good Evening BP family! We are going through our first tenant selection process and are struggling a little bit. We get to pick from three final applicants.
The first is an older semi-retired couple with good inc...
Jared Vincent
How do you get funding if you’re income is not “bankable”?
I’ve owned a home for the last 5 years, with close to $120k in equity in it. However my income was been low since I’ve been an entrepreneur the last 2 years. Credit is over 730+. $15k in an retirement IRA.
I found a...
Brian Gibbons
Small Landlord: Set Up an LLC or Not?
Hi guys,My wife and I own two rental properties and are planning to acquire more, and have a question about the pros and cons of setting up an LLC esp from the tax and liabilities side. Here's our current situation:1....
Jacob Gawlik
Roth IRA or standard or other
I’m still in high school wanting to invest in the stock market long term, I was leaning towards Roth IRA.But I wanted to get some advice before I made the decision,
William Coet
New York State Landlords Must Act!
Use the link below to contact the State Senators who are involved with this bill, including your local Senator. This has the potential to destroy small scale owners who also do all of the work themselves! It offers ...
Chris Wilson
DTI question on a cash out
We are looking at pulling funds out from a 2nd house we own. When doing the DTI calculation would a lender include money that is received regularly from things like a Real Estate syndication, Mortgage note fund and/or...
John G.
less profit class B+ neighborhood or more $ Class C-
This is a ? that we have not really asked ourselves until now. Until now with 22 units its been finding great deals with awesome cash flow.Lately I have been listening to a lot of BP podcasts and it has me changing m...
Shankar Ramani
My best rental performance is during this pandemic!
I'm a part-time real estate investor for over a decade now with several single-family homes and a couple of duplexes. I got into real estate once my experience with stocks and other vehicles weren't working and I need...