I hit a snag recently. I consulted a local attorney in California for an LLC in Michigan. He declined to file after wasting a week's time. I've been told by conventional lenders that I need two years of steady work ex...
I have a tenant whom I found through a program which pays their security deposit and the first two months of rent. She had at times complained about squirrels and mice and I sent the exterminator out anytime she cont...
Hello All - just finished setting up and putting my first short term rental live on Airbnb. I just rented out most of the previous month , and agreed to pay the property manager 18% of the booking fee host payout so n...
I have a trip coming up that will be mixed personal/business. We own a rental property in Charlotte, but I also have family in town that I will be visiting. How do I organize this trip to make the most of my deducti...
Hi all,
I am considering selling some or one of my multifamily properties to scale up my portfolio in terms of both doors and value. I currently own several properties with approximately $200k in equity. For example,...
Can somebody fill me in on the key things to keep in mind when looking for a potential section 8 rental in the Cleveland area? I want to go multi family, and I want to know what sort of requirements need to be filled ...
Hi BP community,
So I have a strong interest in rental properties and most likely am looking into purchasing out-of-state because LA and orange county are difficult to cash flow. I've only begun saving up for a down ...
The recent article regarding BARRRR is very interesting written by Brandon Hall. One question I had in mind if anyone could answer is what would be considered as "In-service" for 2-4 units. If I had a duplex and one u...
Hello, Just started seriously looking into financing for my new parent entity and was wondering if anyone had input on the SBA loans and other services offered by sba.gov I opened a bank account for my entity at a nat...
I'm new to REI so this sound like a silly question. I was wonder when does your PM deposit the rent in your account? My PM get the checks from the tenant on the first and I receive my payment around the 15th(if i...