Tim Jaley
Alternative Downpayment Funding Strategies
Hi All,
I currently have a couple SFH rentals that I used a HELOC (against primary residence) for downpayment and rehab. They needed light rehab, and the purchase price reflected that in the sense that they were clos...
Quinton Bogle
When using the grrrr method
When using the grrrr method can it be done if your property is in an LLC
Jason Sung
Is it OK to use personal checking account to manage rental income?
Hi BP community, I am trying to implement Profit First method, which suggests to open multiple accounts; tax account, operating cost account, profit account etc. I cannot find a bank that allows opening multiple check...
Udoka Omenukor
Do I Have To Save Up...?
I am saving money to purchase a home. I was told if I go to a hard money lender, I still need to use my own cash for part of the deal. I'm saving around $15,000. I'd buy the house, use hard money lender cash to rehab ...
Charles D.
Any tacoma landlord here and I have question about eviction
I have a house in Tacoma. Washington state will now allow to evict until after Aug 1st. City Tacoma has law that 60 days of written notice for eviction. I called the city and talked to the person there and was told th...
Matthew Marshall
Best approach to Cold Calling distressed home owners
Hello BPers,
So I was out and about today and like always I was keeping a keen eye out for properties that look distressed. I happened to find two properties on a nice street that completely stood out. I d...
Ethan Perry
Seeking house hacking wisdom (first RE investment)
Hello all. I'm 21 years old and am closing on my first property in 2 weeks. The property is a 3/3 townhome with an unfinished basement. Once the basement is finished, the TH will be a 4/4. The purchase price is $22...
Roy Llewellyn
What is your rule of thumb for quickly filtering properties?
As many of you know (or will soon find out) when searching for properties there are many properties out there and not enough time to analyze them all. It's important to have a method(s) to filter through them quickly ...
Brandon Craig
Tax implications for owner financing
Hi all. I was wondering if someone could explain the tax implications for both sides of an owner financing deal for a rental property? I am just starting to research this financing strategy and I'm wondering how muc...
Mary Jay
Proper way to do distributions
Hey guys, what are the proper way to do distributions?Lets say I have 5 rentals, the money comes to my property management company, then property management company does a distribution to me... 1) Should I do it via c...