Sam Shah
late rent payment fee collected by PM
Hi Everyone,I'm a new landlord who just bought few multi-family properties. One of them is in Hartford, CT. My PM is telling me that he just collected few late payments and charged $50/tenant for being late. Now, he's...
Roy N.
Looking for thorough tutorial on US Mortgages
Good morning BP!
We are getting closer to that point in time where purchase of a US residential property (4-unit) will become a reality. In preparation, I am looking for a thorough, but concise tutorial on ...
Peter Lee
Tax question on acquisition fee
I am in escrow on a commercial building for a value-add deal I am developing and will get an acquisition fee from the LP I am partnering with. How is this acquisition fee classified tax-wise? Is it ordinary income? ...
Alexander Sheridan
Tricky Borrowing Situation (plenty of equity & good credit score)
Hi All! Here are a few facts about my situation. Hoping some of you could help guide me in the right direction.I'm in central Ohio, in a county of ~65k. I'm self employed, so my DTI doesn't show well.I own 7 rentals (...
Kyle Coleman
How to deal with pets
All,I'm a first-time landlord, we're looking to rent our first property as it is. I have a SFH that is entirely tile, so floors are pretty durable. My question is this, I set a non-refundable pet deposit that is hal...
Kiah Hochstetler
How do loans stack up
After shopping the market my wife and I are about to add our second home to our portfolio. The first home was rented out when my wife and I took a 1 year sabbatical from the US lifestyle by moving to Ecuador. We are h...
Autumn Alexander
Is this lender scamming me?
So it's my first time getting a loan of any kind. And I want to make sure no one is trying to take advantage of me or scam me. I met a private lender on LinkedIn. We exchanged drivers license and he shared his Article...
Michael Wentzel
What are good terms for a portfolio loan?
So I'm about to go shopping for a second portfolio lender. My current portfolio lender is a regional bank and has been great. They have done five portfolio loans for me at 5%, amortized over 20 years with a 5-year bal...
Brian Sinclair
Lease Option Program - Buy & Hold Investors - Opinion
We are putting together a program that will allow Buy & Hold Investors to find properties they want to make rental income with and controlling interest in them without having to having to get a bank loan to purcha...
Sunny Dutta
Anyone work with Virgo Finance Company???
Has anyone done business with Virgo Finance Company?
Any reviews/complaints will help.