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So, I'm in the middle of flipping a house. Its taking longer to get it on market than I'd like. It probably won't close until after the new year. So, if all my expenses happen this year and I sell the house next ye...
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I have a tenant who's always paying late, but this month he's already behind December and January. He's a good tenant, keeps the house clean, does not ask for many things and does some repairs himself. He says he will...
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For your buy and hold properties, to my knowledge there are 2 predominant strategies.1. Keep properties in your name or in a trust, get $1M worth of liability insurance for a few hundred dollars and rent out the units...
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Does anyone have any experience providing a property manager with a procedure manual? For example, if a property becomes vacant in winter I expect you to turn the water off and check the heat every 3 days?
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tenant died, her children taken by CA state agency, what do I do for her belongings? How long I have to wait for someone to claim them? Can I change the locker or get into the empty house?
My friend and I attended rich dad 3 days training program awhile ago. In that 3-day program, they told us to continue with their elite training program for S$45k and in that elite training program they will take us to...
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I am curious if anyone has taken the time to put together a handbook for managing their rental properties. For instance, the first thing to do after closing on a property. How to find tenants. How to handle late rent,...
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I saw an excellent piece of advice in our Official BiggerPockets Facebook Group today. "I created an operating procedures manual. Details all vendors, bills, banking setup, tenant details, current outstanding projects...
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I have a scenario I'd like to toss out there for the SDIRA experts on the IRS definition of "benefit". My girlfriend of 17 years and I were looking over some of her investment vehicles the other day. She has been corp...
I always get a lot of questions about how to handle the money so I'd like to go over a few of the basics.
- Touching the Money
Sometimes when people hear the kind of interest I pay they will get so excited about loa...