Mary Joe
am I allowed to accept a tenant who PREPAY several months in advance?
Hi AllI have a tenant who is self employed and she just started her business, since it is difficult to establish her income, she offers to prepay 3 month in advance for a 1 year lease. So she will put down 1st 3 mo...
Jason Maestas
Help! Denied a Cash Out Refi Using Capital Gains Income.
Hi BP,I am trying to do a cash out refi on a single family property which I purchased cash and renovated. My primary source of income is capital gains income through flipping. I was told by a lender that I cannot use ...
Manikia Liburd
Corporation or LLC?
Hi everyone! Now that I've decided on a business name do I apply for a corporation or an LLC? Are they one in the same? I've done some research, but I still don't really have a grasp on this. Any assistance would be g...
Ragnar Lothbrok
Screening tenants with good credit and income
I messed up. First rental and first tenants, I screened for 3X income to monthly rent, above 600 credit score, passed criminal history, no evictions, landlord references, proof of income etc. etc.The only issue is, TH...
Kevin Siedlecki
Turbo Tax for Investors?
Does anyone with multiple LLCs and multiple properties in each use TurboTax?I have two LLCs with multiple properties in each, and I am pretty confident in my ability to enter the data myself after doing it with an acc...
Mark Douglas
Too much Real Estate? What Else is There?
I'm just getting started in REI (one duplex, but planning on picking up more units soon!) and recently I was talking to a gentleman who is 49, who's been investing in RE since he was 20. We were talking about risk-to...
Timothy W.
California Penal Code 834B
SECTION 834b
834b. (a) Every law enforcement agency in California shall fully cooperate with the United States Immigration and Naturalization Service regarding any person who is arrested if he or she is suspected of ...
Stephanie Hay
Financing for the Self Employed
For about 2 1/2 years, I have been Self-Employed. According to my tax return, last year I broke even. While my income has increased drastically this year, I will still have some deductions. I've been thinking about fi...
Jean Francillon
Traditional IRA OR Roth IRA
I have a traditional IRA with Merrill for the last 5 years. And I just open a with IRA with TDAmeritrade. Should I transfer my account from Merrill to the New Roth IRA? Or should I keep both IRA's? Need help
Jared Trindade
ChatGPT Market Data Analysis for Fayetteville, NC
Today I asked ChatGPT a series of questions and gave it a long list prompt to spit out this market data. This is after quite a few attempts to make this a readable format. To be clear the data from CHATGPT is the same...