Dave Menz
Payment acceptance for monthly rent
Hi all, How do you accept your monthly rent payments? Do you require auto pay or offer online payments? If so how do you set that up? Thanks for the help.
Jack Srimani
Purchasing REO concern
Hi,
I am in the process of buying a REO duplex. The condition of the house apparently is decent. However since I have no experience in buying REO I am wondering that after purchase I am not saddled with hidden expense...
Nathan Frost
Getting rentals on an LLC
How do you purchase rental properties and get them put under your LLC? Are you buying them with your name and then transferring the deed? What is the best route to get homes purchased and under my LLC?
Jorge J Gonzalez
I'm questioning my closing Costs with the bank
Hi BP familyI'm getting ready to close on my first income property with Wells Fargo. Closing cost are $2792. Wells Fargo is also adding another $3709 in "other closing" cost for a total of $6501. The other cost inc...
Gareth Fisher
Debt Paying strategy
Im looking for creative ways to accelerate my mortgage. I don't want to use my cash all at once, because I want to keep my reserves high.So I'm looking at ways of getting cheap cash. Im thinking of taking a cash...
Sonny Sach
Purchasing property with a friend - LLC?
Hello all,I am interested in purchasing an investment property with a friend. I was initially thinking that we would create a LLC but it seems that it makes finding a lender more difficult. We would be looking to...
Josh Frye
Landlord Security Deposit Question
I have researched this topic and just need a little further verification from more experienced professionals than myself. I will be renting out my first property. When I receive the security deposit I understand that ...
Will Carson
Starting where you have contacts vs. where you're excited to be.
Hi all. This is my first post here - I'll try to keep it short.I've become incredibly interested in REI over the past 3 months. I've gotten to a spot in one of Brandon Turner's books where he is talking about the imp...
Greg Fend
Knowing when to cut your losses?
When do you know it's time to call it quits on a property?
I have a SFH in MD that I purchased as a primary residence while living in MD from 2008-2010. I held onto it because I was (and still am) upside down and wo...
Pearline Hardy
Rent Collections
Does anyone have their tenants deposit their rent directly at the bank? I usually either pick up the rent from their mailbox or they use the online payment service. Well I have tenant who doesn't have a bank account ...