We are first time landlords. Our first application came in for our rental, but after taxes their total income is barely 2x the rent, where we require 3x rent. What is the proper way to deny them? Do I have to send an ...
Hello fellow landlords. I would like to know how you make it known when advertising or screening tenants that the applicants must make three times the rent in monthly income. From reading over this site I have noticed...
Hello BP!My business partners @Travis Limbocker @Courtney Limbocker and I have found a 6 unit in San Jose that is in need of significant repair. Here's the deal:Sale Price - $1,272,000 - 0% interest for one year. 6% i...
Help! First time investors here! We are in the process of renting our first property in Knoxville TN. We have a law school student starting her first semester that has filled out an application and we have checked her...
I'm looking for an app that can handle my real estate investment accounting.
I've done the trial for quickbooks self employed and loved it. But I didn't see an option to customize into specific properties. When I tr...
All, I've read there are better tax advantages for using an LLC for rentals and an S-Corp for flipping. I have had an LLC and recently set up an S-Corp to start doing rehabs. I like the control features of the Solo ...
Hi BP community,
I'm at a crossroads in my career and could use some guidance. I've been working in the medical cannabis industry for 3 years, and while its a well-paying salaried position, I recently discovered work...
Has anyone had good/bad experiences using "The Work Number" for employee verification? We usually ask for pay stubs and do not formally verify employment. But, we have a perspective tenant whose income we would like...
I’ve heard a few lenders say they can’t help a first time homebuyer with DSCR. I’m a first time homebuyer looking to purchase a single family rental property in NJ. I’m self-employed, so most likely won’t be approved ...
Buoyed by strong employment and population growth over the past decade, Denver is among a handful of non-coastal U.S. cities that rank as the most attractive destinations for investors, according to a recent report pu...