Matt Tallent
How to split mortgage in QUIKBOOKS
Hey all,I have an accountant but I like to throw my general questions in here. I do my Quikbooks and just send to my accountant during tax season. I still have to split up all the payments for the mortgage in 2018. It...
Mike X.
How to word clause in lease allowing tenants to pay electronically
I'm working on my Florida lease and trying to figure out how to have generic statement in the lease that would allow for rent payment options such as direct deposit / ACH transfer / online payment (Cozy, erentpayment...
James York
First rental- self managed
I am moving from selling my spec homes to keeping them. I am ready to lease the first one, but am struggling with the first month's rent. Let's say rent is $1000/month due on first and security deposit is $1000. Lease...
Mike Davidson
Bank account number for direct deposit of rent
Drawing up a new lease for an existing tenant. They want to setup an automatic payment directly through there chase account. The standard lease simply asks for Place of Payment with name and address. Should I give the...
Gytenis B.
Owner financing plan. What would you ask for?
Hello Coleagues, I have a questiona bout the home owner finanting. A bit of background. I am a young working professional. Spending approximately 45% of my income and saying the rest for real estate investments. Becau...
Matthew Pagelsdorf
Tenant Selection Advice
I have a 2BR 1 Bath SFR to rent for $1,000 a month. I have a Tenant screening criteria list as well. The issue is that included in this we require 3x the rent amount as income to qualify and the partner on this prope...
Dwight Crocker
22k House with Owner Finance Offer
I just wanted to share an offer I had from a seller. The total sales price is $22,000 which is a fair deal for this small town in northeast Texas. Down payment is $2,200 with payments of $348.45 for 10 years. I ass...
Taylor Johnson
Understanding Private Money Interest Rates
Last night I attended my local REI meeting and the topic was about private lending. This seminar was so helpful and got my wheels turning about prospective family and close family friends who could potentially be a pr...
Amit M.
How to expense/write off a huge water bill
Recently my tenant received a very huge water bill due to a busted pipe under the slab. There were no visible signs of leak above the ground. I got the whole house re-piped and intend to cover the excess usage due t...
William D.
Rental income after you refinance with a 30 year mortgage
BP!When you refinance a BRRRR deal at a 30 year mortgage, how does the payment on the mortgage work? Hopefully the rental income covers the mortgage and generates cash flow. However it’s a 30 year mortgage for xyz amo...