Ekaterina Stepanova
New Tenant Turned Bad or TK Company Screening Issue??
Hi Team,I've just started investing in RE 5 month ago thru a TK company and now facing tenant eviction and really need your input please! So, what happened was, I got a great 3/2 SF property in a solid B class neighbo...
Tricia O'Brien
Any problem if I don't issue 1099 to handyman with job over $2K?
I recently paid a builder about $4,500 total for several projects at my rental home in Indiana. These were: building a new wood deck at back door, building new staircase in basement, installing a new window, repairin...
Robert Ferrell
Using credit cards to fund the purchase of rental properties
Is there anyone out there who has used credit cards to fund the purchase of a rental property? I am planning to use my cards as a tool to aquire property and then get a cash out refi as soon as possible to pay off tho...
Caleb Heimsoth
Lawyer charges for email answer?
For people who use lawyers or are lawyers themselves, I'm just wondering if it's normal to be charged for simply responding to an email?
Usually these emails are simply one or two line responses or answers (that's ...
Emily Sulliban
50% Rule- Is it Really a Rule?
I've been reading on the 50% rule for calculating viability on a potential rental income property:
Gross monthly rent
-(minus)50% for operating expenses
______________________________(equals)
NOI(Net Operating Inco...
Jarek L.
do I need an agent?
Hello
I'm new to this forum. I've reading many post in the last 2 weeks and now have one question.
I'm living in one of the EU Countries and would like to buy some properties in the US especially in Detroit area and ...
Vitaliy Merkulov
Require applicant to give access to their social media accounts?
When screening tenants, in addition to running a credit report, checking landlord references, and checking bad tenant databases I also try to check the applicant's social media accounts. Some people have their account...
Ponni Carlin
Setting up multiple LLCs and Business Credit Cards
Hi Everyone! I am in the process of setting up multiple LLCs and need to manage the rents and expenses within each LLC. I need to get a business credit card for each one. Has anyone experienced how that impacts your c...
Rochelle Duong
Newbie interested in out-of-state Investing
Hello there!I'm currently looking to get my foot in the door regarding investing out of state. I currently live in a very expensive market (Los Angeles, CA), and recently just paid off all my student loans, have a sta...
Ian Andrews
Neighborhoods outside Philadelpia for 1st multifamily
Hi everybody,I'm brand new on the site and to real estate. I was hoping to tap into some of the knowledge that some of the other members on the site may have about the Philadelphia area. A little about myself; I've...