Adam Craig
Do you have a bunch of checking accounts?
Right now I have 5 different checking accounts for 5 different rental properties to keep everything separate. Is this common practice? Seems like when I am at 20 houses, having 20 checking accounts/20 debit cards/ ...
Jordan Sunshine
Save on your taxes for 2016!
I'm sure everyone has some knowledge to bring to the table but might not know everything about saving money on your taxes so this thread is here to help make a collective list of ways to save money on your tax returns...
George P.
(income tax question) Active vs. Passive
My CPA advised that since I will be managing the rental myself, rental income qualifies as Active (=earned) income (vs. Passive).
Does that sound right?
Don McIlmurray
Contractor rate fair?
My contractor says he charges $1000 a day for a crew of three plus materials of my picking. He gave me general # of day estimates room by room. It's difficult to get a contractor to even look at a house if you don't a...
Calvin Rankin
How to get delinquent tax list in California
Hi everyone,I'm right at the border of Los Angeles and Orange counties. I want to get a list of properties in both counties that are a year or two away from being in default due to delinquent property taxes (in other ...
Tyler Carpenter
LLC
I went onto my secretary of state website and looked at forming an LLC and it was $600. Is this about normal? Are there any sites you have had that you would recommend to be better or cheaper?
Tom Bjork
Banks always seem to get it wrong
Over the past 4 years, banks were lending non-stop to anyone breathing using no doc loans at high ltvs. Now market prices have fallen, ltvs are more stringent, and now banks are hesitant to lend. Go figure a bank's me...
Donna Pattani
Should I get my Real Estate License?
Hello,
I've been lurking/learning here for a little while.
LOVE this site and it's lovely helpful contributors!
I'm considering getting a Texas Real Estate License before I start REI.
I've been studying/investiga...
Jon P.
The hypocrisy of tightened lending standards and the increased presence of PMI
With lending standards just now beginning to loosen from a historic tightening, I find it bizarre (and frankly, offensive) the idea that Private Mortgage Insurance will now be something that will be permanently affixe...
Tim M.
Offer made - then owner filed bankruptcy
I made an offer on a MF short sale in PA - was a solid offer, at least 85%+ of appraised value. 2 months later the bank finally reviewed it and verbally advised my agent that they would be accepting the offer. We have...