Jerry Poon
Mortgage from Private Lender or Regular Bank?
I am seeking a loan, and I have a few options between a private lender and a regular bank. The terms are similar. What are the pros and cons of each?Will the private loan show up on my credit?And lastly, what are the ...
Ben Bakhshi
Should I expense tax and insurance escrow payments monthly?
This is a bookkeeping question.Every month we make a mortgage payment which includes: Principal, Interest, and Tax & Insurance.I split the payment in Quickbooks Online, so every month our mortgage goes down, plus ...
Felix Isuk
Seeking Advice: Handling Hazardous Items in a Potential Fix and Flip Home Evaluation
Hello, BP community!I'm starting my journey in the world of fix and flips. This would be my first investment property and I'd appreciate your input on this potential opportunity.I received the home evaluation report f...
Yue Tian
AirBnb Expense Writeoff
Hello, I started my first AirBnb late 2023 and it was rented out for less than 14 days. Based on the 14-day rule, I don't need to file any profit from my short term rental. However, my main expenses (furnishing the pr...
Leah Stewart
Quickbooks Compatible Software/Reports
We are currently using Quickbooks but I am wondering if there is any type of add-on or software that can be used to create reports that will show everything for a property including purchase price/current value/mortga...
Joshua Feit
Plus account -- where's my past reports?
I went to look at my past reports (a feature that has been available for as long as I can remember), and suddenly this says it is a pro-only feature. (?)Did you change what's included -- and, pretty please, can you ch...
Robert Luebke
Does a JUDGEMENT show up on a homesellers credit report?
If I go to be a real estate investment property should a judgement lien show up on their credit report???
I could go spend the $300 bucks to have a title search etc. but I was wondering if an abstract judgement would...
Tatjana Markovic
Erroneous Credit History and Lenders
An alleged debt was reported to Credit Bureaus against my account and lowered my credit score-540. It appeared as a collection against my account and reason for my home loan application and other loan applications no...
Blake C.
Credit Report Rules
I recently got a mortgage on my 2nd investment property (within the last 15 days). I asked the loan officer to send a copy of my credit report just for curiosity. The bank rep said that they are not allowed to give...
Kelly G.
Re: 1099s and taxes: Clueless prop. mngr? or clueless owner?
Greetings all;
2013 was my first year as a landlord. I hired a PM who managed my SFH in WI for 8 months before I fired him for negligence. that's another story. His accountant (?) sent me a 1099 listing o...