Bill B.
What To Do With Closed Files?
Hi!I am very close to closing my third NPN note file.So far, all have been profitable. (Thanks to God, my mentors, and BP!!)The immediate question I have is, what do I do with closed files? I'm planning to keep them...
Mary Jay
How does buying with partner affects Debt to Income Ratio?
If I buy a house with my partner, lets say we buy a 300K house together.How will lenders look at it down the road if I want to buy more rentals by myself? Do the lenders look at the house that I am buying with my part...
Sterling Chapman
Should I create an LLC for managing my properties
I am about to buy two single family houses as rentals on residential 30 yr fixed mortgages so I can’t put them into an LLC. I plan on managing them myself and a friend recommended If I couldn’t own them in an LLC that...
Shiloh Lundahl
I LOVE Debt!
I hear a lot of people who hate debt. But I love to use debt to build wealth! I view debt the same as I view a fire. Fire can burn down your house, but it can also heat your water, cook your food, heat your home, and...
Ahmed Souissi
Property is vacant and owner had bankruptcy many years ago
Hello, this house have been vacant for a long time so I decided to search the owner and give her a call she said that she had bankruptcy and don't know nothing about the property for many years, and said that Wells Fa...
Grant Bublitz
First Duplex Should I LLC?
I am about to close on my first duplex and will be living on one side (top) while renting out the other (bottom).Is there any reason to put the duplex in an LLC?Just have the rent made out to me and have a new checkin...
Austin Eddy
Crush student loans with real estate?
Hello everyone!I have a unique situation presented to me and I would like yall's opinion.My grandmother passed away and left her house to my Mother and Aunt. Everyone wants to keep the house in the family but I am the...
Wayne Brooks
Okay, let's do a poll about this "must own properties in an LLC" idea. Any real world examples of where it saved you, or is it more trouble than it's worth?
Many have the perception that they Must own properties in an LLC, for protection of their other personal assets, from that super duper lawsuit they're going to lose, that's for more than their insurance limits.Thought...
Jason Cox
All medical collections to be removed from credit reports (tenant reports)
On the surface this seems like a good thing. However the debts are still owed and some hospitals are aggressively pursuing these debts now, not just letting people pay tiny amounts over time. Of course the public reco...
Waldy Corniel
Rental property , Tax benefits & more
Protecting Your AssetsIf you are sued because someone is injured on your rental property, including a guest of the tenant, then your personal assets are not necessarily protected as an individual landlord. Regardless ...