Sarah Sparks
Save retirement or use as downpayment
Someone I know is on rent assistance and has retirement money. Hes about to be 64 and will lose the rent assistance if withdrawing the lump sum of retirement. He is willing to use it as a downpayment but we are unsure...
Joe Hernandez
Partners going for a loan??
Me and my partner want to do a rehab and wanted to know when applying for a loan do we apply separately or together? Should we go through a bank or the HML route? Also, I spoke with a realtor about finding us a reh...
Luis Rodriguez
LLC
hello everyone . I am about to close on my first deal and I am planning on taking this to the next level by forming an llc and creating a business plan . My question is , since I will have an llc , will my home be con...
Jake Gratzer
Fence Laws in MN
Hi Everybody,First time post here. I had a quick question I was hoping somebody could answer. I recently bought a SFH in South Minneapolis and there is an existing fence on the property. I believe that fencing laws i...
Account Closed
Screening existing tenants
Curious what the rule of thumb is on screening existing tenants. I currently have no background, credit checks or employment verification for 4 different inherited tenants. We're slowly repositioning the property from...
Tin Chup
Equity on inherited family home with no mortgage
Just looking for some advice. I inherited a family home in Des Moines Iowa , no mortgage assessed at maybe around $60k. Needs work, home was built in late 1800s. I’m aiming for possibly a HELOC For 3.5 FHA for a secon...
Ryan Schmit
Deciding which properties to Rent or sell?
First time poster, but have lingered around BP for a while. I am an established landlord/flipper. Been doing this for 12 years now. I have been buying homes to rehab all this while, I sold some along the way, but k...
Don Harris
I got a 28% guaranteed return on my investment today, you can too
Got my tax return back from CPA today and ended up paying IRS more than "my fair share" but paying taxes is a good problem. Uncle Sam made me a deal though, since I opted to deposit an additional $13,000 into our SDIR...
Darrell Jones
Financial Planner
Good afternoon to all my fellow BP members. Should I start searching for a financial planner now or when I start making money in RE investing? Is it worth working with a financial planner? I know there are differen...
Kimberly Derodes
Fireplace in rental
I purchased a new rental house. It has a fireplace Im wondering what your policy is on these. Do you charge a cleaning fee if they want to use it? Does anyone tell them they cant use it? I haven't looked into the fee ...