Cesar Garcia
Income Verificatiion and Screening
I have a quick question. When screening prospective tenants we look for an income at least 3x the rent amount. So for example if we charge 4k for a house that means they have to make at least 12k to qualify. Now my qu...
Cody Lown
My primary residence is a duplex. Tax question for the rent paid by upstairs tenant
Hi all,
I purchased a two-unit home a few years ago as my primary residence with a conventional loan, and was told by an accountant that there is no reporting or extra tax forms I need to file as long as my tenant in...
Account Closed
Best Business Bank Account/Credit
Hey All,I was wondering what banks/credit cards (regional/national) you all have found to fit your needs the best when it comes to convenience, ease of use, reporting, rewards, etc as they relate to your real estate ...
Jim Means
Good or Bad Marketing Idea?
I have been reading a lot here on Bp about marketing, things like Direct mail, internet, driving for dollars. What I would like to know is what about ads in local newspapers Is that not a good idea, or are there drawb...
Laura Alamery
Free website for properties
Postlets.com - they have a free version (that is all you need for start.) You can post all your properties and they make a Gallery page for you where you can customize the header and put your contact information, if y...
Oren K.
Accounting Question - Eviction losses
For you accounting types;I was going through the 12 month P & L (cash basis) of my property (39 Unit) and found that I did not fully understand the delinquency line. In speaking to the PM company, I was told that ...
Mary Philio
Trying to locate owner
While driving through a neighborhood, we came across a house that is empty. There was a notice on the garage door and the front door stating something to the effect of "this house has been deemed to be empty and repor...
Scott Scharl
Advice Needed for Subdivision in Phoenix, AZ
Hey BP developers, my group is putting together our first small subdivision deal. We already have the site plans, which were started by another developer that we're purchasing the project from. Can anybody explain the...
Rob K.
Tenant was stealing utilities. Now in jail.
I will give the shortened version. I had sold a house to a guy on a land contract a few years ago. He disappeared. Literally. His buddy was living in the house. I went through the court and foreclosed on the house. Wh...
Megan Aldridge
Raw Land Help!
Good Afternoon! I am looking at a deal on a piece of raw land. I drove past and it's in a decent residential area - as far as I can tell someone must have planned on building on it at some point, but then the deal f...