Sean Brennan
Who uses standard mail for yellow letters?
I set up a standard mail, pre-canceled stamp account with the post office and now they're telling me that the yellow letter does not qualify and that it is first-class mail because it includes personal information, i....
Jean Soo
Tips on Tenant Screening During COVID?
It's my first time helping my parents with tenant screening and the demand for rent has been great. We received over hundreds of inquiries. There is definitely more demand than supply in our market. Unfortunately, mos...
Joe DeLuca
First Property, Year 1 tax question
Hi all,
I’ll be closing on my first property within the first weeI of November, an owner occupied triplex.
Assuming it takes me a month or two to get ready and tenanted, I may get a months worth of rental income.
...
Christel Gustafson
Poll: One page purchase contract or the state approved contract?
I am an investor in the Austin Texas area and want to take a quick poll on whether people are using their own one-page purchase contracts or the standard state approved contracts (TREC for us in Texas)? What, if any,...
Samuel Hailai
Can you check my calculation , how to take deductible for mortage
Hi All, I am buying a property to use it as house hack ( using one room and renting the others), the property is 360K worth, I want to calculate how much tax deductible I can get, whether that deductible offset, the 7...
Jeremy England
Rental ad response and holding rental
so I just finished a rehab on a new acquisition and posted my ad to Zillow for 1000/mo which I thought was ambitious. I got blown up with tenant requests and had an agreement in a day. However they were not able to ...
Jacob Chaney
Bedroom occupancy: Can I include ensuite bathroom in sq ft?
Does anyone know if I can include attached bathroom size in the square footage of a bedroom for the purposes of meeting occupancy standards?These bedrooms have enormous master closets and attached master bathrooms. Wo...
Remington Lyman
Getting OFf-Market Buyers to Sign the Contract
Hello BiggerPockets! I am a relatively new investor (2+ years) in the Columbus, Ohio market. I have trained two cold callers and am trying to go after more off-market leads for myself and fellow investors.One issue th...
Scott Price
Lender taking annual personal credit reports on commercial loan!
Hi, I just ran into an unusual situation and was wondering what experience others have. I have had multiple commercial loans over the years, and many now require a fresh set of financial statements, rent rolls, etc. ...
Drew Whitson
Owning a vehicle in my LLC: Tax Questions!
My wife and I have an LLC which holds a small portfolio of single family homes. I am considering purchasing a vehicle to be titled in the LLC. My thinking is that the deprecation + gas + insurance + maintenance i...