Fareed Khamitov
Index, stock, RE or keep saving.
Hello world.
Me and my wife are in our early 20. I am 23 she is 21. Right now we both work full time with income of around $50K annually. I am also a full time computer science student in my junior year. Right now w...
Arjun K.
How much umbrella insurance to get, when paired with LLC and property-level insurance?
I have 4 questions, dealing with two people, Person "A" and Person "B"
1) How much property-level landlord insurance should one get, assuming: The properties in question are all value of ~$250K average with 20% equi...
Michael Coritz
What is the proper type of bank account to run my rental through?
Hey everyone - new investor with some basic questions. I know this probably sounds pretty elementary, thanks anyways!
I have one rental property that was purchased with a VA loan and was my primary residence for 15 m...
Phil Surdynski
Renter's with no income
I have a prospective tenant that is no longer employed. She states she has sufficient savings to allow for rent. How do I qualify someone who has no stated income... living off of government (SS) and savings? Any ...
Chris Wilkening
Expensive repair bill
Hey all,So I have a plumping bill coming that will be fairly expensive.Currently I have two SFH rentals and a checking account for each property. The property receiving the bill does not have enough to cover the expen...
Mary Joe
Deleting applicant's file - dilemna
Hi All, I always delete the applicants files and personal info after I have denied the application. Would it come back and haunt me one day if someone files a complaint claiming that I unfairly reject his/her applica...
Davis Stoner
Tax Deduction's for investment property owner
Hello all,For the new year I wanted to organize my finances and maximize profits. I am currently reading Tax Free Wealth by Tom Wheelwright. Here is the situation: I own 2 properties in my personal name, but collect r...
Derek Young
Rental Finance organization help
Hi all!
Brand new to this and just starting to get my feet wet. Will be renting my personal residence out soon to grow my money and enter the world of tea estate investing. What is the best way to separate my finance...
Jonathan Mudoni
Need to assist my sibling resolving a personal debt conundrum
I have a younger sister in her early forties whom i've managed to get interested in real estate. She sees the sense in the whole thing and in life she has a senior job as an associate director in the civil service. It...
Reyna Ayala
How many bank checking /saving accounts are needed as a first time landlord
The House is not under an llc. Just want to start setting up as if it were. so far i have thought about creating 7 accounts.1) all rental income account 2) account where common utilities and mortgage will be billed3)m...