Mike A.
Loss of rent / income insurance - response from insurance company
I messaged my agent and asked if tenants are unable to pay and evictions are stayed, can I request loss of rent assistance from the insurance policy. Here was her response:"In any shutdown due to a scare or pandemic o...
Brandon McCombs
structuring accounting and tax receipts for single dwelling with multiple addresses
Hello,I'm closing on my 2nd property next week. It happens to be a 9 unit building, 2 units of which are commercial. It is situated at a 4 way intersection. The 2 commercial units have their own addresses (313 and 317...
Lauren Samford
Approved for HELOC and had to walk away from closing
RE Investors - I went through 2 months of paperwork to finally get approved for a $100k HELOC on my only property that I recently turned into a mid-term rental. I got notice today from the bank (Navy Federal Credit Un...
Keith Owens
Business bank accounts
Why am I having a problem opening a business bank account for my vacation rental property? I have ALL required credentials, llc, business license, etc. Denied twice. I'm using my ein, it's a new business, I have no n...
David Niles
Self Employed moving out of state and buying a house.
A friend of mine and his wife are moving south to Florida, not to retire but to get away from the cold. They are both self employed and have been for 30 years. Their finances are great, no CC debt, fico in the 800's...
John Shortridge
Business license for flipping and or rental business?
Hey, does anyone have any thoughts on whether or not to obtain a business license for your rental and or flipping activities as a real estate investor? To be clear, I'm talking about a business license, not a real est...
Corinthus Wilson
Realtors school in Chicago
Hey BP I wanna get started in REI ,so i decided i wanna became a real estate broker to gain some knowledge . My question is what are some great school in the Chicago land area .
Antonio Chelala
What insurances should I be getting?
Hello everyone,I hope you are doing well.I am a bit confused on which insurances to get, i know there is the homeowner insurance, and I will be requiring my tenants to have rental insurance. Does having an umbrella po...
Rachel H.
ESA exemption in Oregon state?
I have a potential tenant who has an emotional supporting animal, and a letter from her psychologist saying the ESA is for a mental disability. I have a no pets policy for my rental, a one bedroom apartment that is an...
Matthew Banks
HowTo Managing documents across several properties?
I'm finding it a bit overwhelming to manage the documents with our handful of MTR/LTR properties. Insurance, tax, tenant info, leases, applications, listing/marketing docs, water, notices, repairs, logs of maintenance...