I don’t see a clear answer to this on the forums. I keep having bankers say “be careful with reporting losses on your taxes because it could make you unbankable.” What does this mean? How do you make sure that you ...
Hello,I became aware of this community approximately a year and a half ago and it has been a great resource! I listen to the podcasts and read the forums on a regular basis. BP helped me find information as I made a...
I'm not so much new to RE investing, but looking to be more informed and skillful in it. I currently have 2 SFH properties in nearby Maryland communities that I have bought and held for some time. I had a property m...
I’m a rookie to wholesaling homes. However I’ve notice to homes that has been vacant for quite some time , I’ve even went the extent of contacting the owner . Luckily the owner has gained inheritance for both homes (h...
What is your process for collecting rents. I currently have a 4 family home that I inherited tenants and they are used to paying in cash for their rent. I am working on doing away with taking cash and would some feedb...
I’m a BRRRR investor looking to leave a W2 in the relative near future. My goal is to fill my time pursuing my investing career and working as a 1099 contractor. I have been finding that conventional banking...
Brief summary: I am the only one on title and on the mortgage of our primary residence. I have rental properties under my name/with partners, my wife is on none of them. I am starting a business so I'm pretty well unb...
My tenants were used to paying cash, since the property manger used to live near by and would go collect. Now I am the landlord and live 2 hours away and switching the payment to be mailed to me by money order or pers...
Is there a way for the tenants to pay rent at a store? A couple of my tenants don't have computers and can't pay online. I will not go to the property and physically collect rent and really don't prefer mailed checks ...
Fellow BP friends,My property manager is struggling to collect rent on time from the tenants in a small (less than 20 units) MF units. The tenants are low income but hard working, blue collar workers who work late hou...