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Hi everyone,I’ve had the hardest time figuring out if 1099 independent contractors working as real estate agents qualify to get money from the government under the disaster sba forgivable loans. It seems that we do, b...
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So my parents bought a tri-plex in December and have had nothing but problems with it. One unit went vacant for a couple months without our knowledge (I know, newbie mistake.) We had to do a ton of repairs and now its...
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Wanted to know if it's possible to send a tenant to collections after a move out/ evictions for additional charges the security deposit didn't cover. We've ran into an issue where if we take a tenant over from a previ...
When we are little we say to others….”When I grow up I want to be a….” Doctor LawyerBankerPresidentEtc.Then when we grow up, we realize that in order to be all the above we need to have a plan. We just don’t happen to...
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Hey I am needing some incite from someone that has done this before. I purchased a home for 216900 in may of 2016, for us to live in and start our new business of boarding dogs. My mother in law (mom) co-signed to hel...
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I'm debating between 2 types of tenants. It's a good situation to be in. One has 800 scores, great income, check all the boxes. A few others have scores in the 600s (one due to a COVID business failure). All have high...
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I am working on getting my first rental property rented out. I read Brandon's "The Book on Managing Rental Properties" and am requiring at least a 600 credit score. My question is, do you typically require that every ...
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Applicant claims he has a painting company and put down monthly income as $6,000. What Shall I ask him to submit as the proof of his income? W2 or something else?
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Ok, so someone just called inquiring about the available unit I have but then stated he wants the lease in his business name to house his 3 employees. Now that sounds a little strange to me or is that a thing? I tol...
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Hi all,Just wondering if this is common practice or my bank is trying to pull a fast one. A few months ago I put in an offer that was accepted by the seller. As such, my lender (Chase) started the actual application p...