Daniel Gibson
Debt to Income Ratio Maxed Out!
My business has approximately 6 loans through our local small bank and they continuously talk about how they are investor friendly. However, they keep mentioning to us that our debt to income ratio is nearing their "1...
Joe Farruggio
Flip & Taxes - Capital Gains?
So I did my first flip. Worked out great. Bought it for $225k. Put another $125k in it. Sold for $450k. 6 Month time frame. Now... it's treated as a short term capital gain..... what can I offset it by? If I bought a ...
Jimmy Wen
Is it necessary to set up separate bank accounts?
Hi all,After a year of studying and hesitation (I will admit that), I finally pulled the trigger and got a duplex under contract! This will be my very first investment property!Here is a quick question: do you create ...
Will Bert
uncooperative agent with a short sale
Hi BP I have a situation and need some advice on how to deal with it...I'm interested in a property that is up for sale with a short sale. The agent held an open house. I went and it seems like he wanted me to use his...
Kadeidra Honey-Brooks
STR Neighbor Complaints
Anyone have advice on what to do about an STR neighbor who hates us? We just purchased our first property and the people across the street keep complaining to Airbnb about everything we do. My rental is in a residenti...
Mark Costa
Should I rent or sell my 'starter home'?
Our family is growing and we're looking at upgrading to a larger home. I'd like to understand the opportunity of keeping our current home (financials below) as a rental and see if that makes more sense than selling. T...
Account Closed
Legal set up? Should I start an Llc
This is a two part question. One should I set up an LLC before purchasing my first property? Also what type of accountant of CPA should use for my financial structure etc?
Logan M.
Utah Realtor Murdered while attempting to evict tenant
In 2019 a local Realtor/Landlord was murdered when he was attempting to talk to the tenant about getting caught up on rent or being evicted. He was shot three times in the back and once in the groin.
https://www.ks...
Seth B.
How to handle tenants money?
Hello!So we have our first tenant and I'm already starting to collect money from them, but I'm not entirely sure how I should handle their money... Do I need to create a business bank account? Can I just create a sepe...
Jenine Kenna
LLC and bank accounts
Hello! I'm a real estate agent and an attorney (not practicing). My brother-in-law is a licensed contractor. We are ready to start investing and need some advice on starting an LLC and bank accounts. I know some in...