Ok for first time new investors, i went to multiple of banks and there is no such thing as no money down or 3 or 5 percent low down payments, its normal 20 or 25 percent down, so only way i see to profit from rental...
Hello, I am going to start landlord business in BC.How do you choose your good tenants, and what method do you use for rent collection? Does anyone use background check services and/or online payment (other than e-mai...
Hi, I was told by my real estate lawyer that I can no longer accept cash rental payments from my tenants now that he created a series llc for me. Is this true? I just find it odd since I've seen other "llc" companies...
Hello,
I just got a mortgage and am trying to generate an amortization schedule but have been unable to match the banks first payment information. Does anyone know of a good program or have an excel sheet that will m...
Hi guys! Newbie investor here! I just closed on a HELOC of my primary here in Tampa, FL and was able to pull $185k. As you all know the market here is crazy and homes are on a steady incline. My wife and I are followi...
I’m trying to understand the different strategies using the BRRRR method and how it generally works. I’m hoping some investors can contribute to the discussion and help answer my questions. Thanks.From what I understa...
I just bought a cargo van that will be used only for my rental properties. I know there are two ways to expense the costs; either direct expenses or mileage. Which method do all of you use and why?Also, I want to ma...
I am closing on my first seller financed deal in about a week. It is a contract for deed. There is a current lien on the house that I will be paying to ensure its not missed. But my question is this:Whats the differen...
Hi,What is your preferred method to receive rent? I have a house under contract with tenants in place. This is my first rental property. The tenants have been there for 10 plus years. 2 tenants pay with cash. What are...
Hi All! I'm new to being a landlord. Used a realtor friend of my husbands and picked a tenant that came recommended by the realtor. He did fill out an application provide all of the necessary paperwork and reference...