Gregory Casey
When to Renew AO lists?
What is your take on renewing Absentee Owners direct mailing lists?I am sending out 5 different marketing pieces to each AO over a 2-3 month period. Scrubbing my list as I get returned postcards. How many pieces of m...
Richard Ladenberg
Lease property to wife who would sublet.Viable for rental income?
Example: If I buy a 4bedroom property that has a market rent rate of $750 and have a rental lease agreement to my wife for $1,000 who then sublets each individual room for $250 each totaling $1,000, would the initial ...
Matt Bell
Tax records off by over 500 sq ft - Measure the house!
Hello BP Community,I wanted to share a recent experience I had which took the equity out of a deal in an unexpected way. Our realtor's broker knew a family who was looking to unload a property that was in a trust as ...
Gregory Schwartz
DTI: How do different loans effect the debt side of DTI
I have different loans and I want to know how they will affect my DTI
1. Seller Financed: I don't see any verbiage in the loan document that made me think this is personally guaranteed. Do the taxes and insurance on...
Mindy Jensen
NEW Company Page Design
One of the most frequent posts in the forums is a recommendation request for an agent or hard money lender. While these requests are against our rules due to the self-promotional responses they generate, we realize th...
John Bradley
Coin laundry - help I’m in drowning quarters
Hi, any best practices for handling all the quarters that come along with coin laundry.so far I’ve been taking them to the bank but they make me count the. By hand and put them in rolls
Jorge Lopez
The maximum clasic 10 loans that banks let you get !!
Something that I been always curious about it !!I seen many post cast and read a few books but nobody said how many units you can have under de first 10 conventional loans under your name !!Example if I have 10 conven...
Maxwell Jacas
Property Mgmt experience necessary for first investment loan?....
Ive been reading some information that says banks want you to have Property mgmt. experience before they will give you a loan for your first investment home.is this true? If so, that would be a big deterrent.Does 2 ye...
John Gardner
To LLC or Not to LLC, That is the Question...
Hey Guys, I've had a few people tell me I should put my properties in an LLC, can I do this altho some are not yet paid off? What are some of the drawbacks from creating an LLC or is it a good idea. Any info is greatl...
Johan Garcia
Do You Automatically Qualify for REPS If You're an Employee in a Real Estate Business
This question has come up a few times with prospective clients recently, so I thought I'd shed some light on it.
Generally, being an employee in a real estate business does not automatically qualify you for REPS unle...