Samantha L.
75% of monthly rent is added as debt?
I own one rental house. I owe 60k on it and it rents for 675/MO. My husband owns our primary residence. We owe 125k and it is valued at 170k. We applied for a 40K HELOC to finance our next rental under that house. My ...
Kal Paneliya
Withdrawing money from SEP IRA to real estate investment
Hello BP Community!Can somebody please educate me on this topic below? Your help will be greatly appreciated.Can I withdraw money from my IRA account for a rental property? If so, what are the requirements for it? My ...
Jeffrey Duck
Who am I required to return the security deposit to?
Lease 1 included tenant Person A who paid the deposit and moved in.After 3 years, tenant Person B was found to be in possession of the unit.Lease 2 was written to include tenant Person A (who moved out) and tenant Per...
Jon Lafferty
lower rent with 2 year lease
Hello I have a rental in a C to C- area in town and I am finding that the tenants are consistently late on rent. I think at the end of the day they just don't make enough money with rent making up about 40% of their m...
Ken Wang
Peer street ? ask for experience
Dear All, Has anyone used peer street ? Any catch or pro & cons to share with us? appreciate your time!Sincerely,Ken
Latisha Douglas
Calling all (successful) Low income (class C / D) investors
Please share your systems and tips for successfully running a low income investment strategy. Especially around rents, maintenance, evictions, tracking expenses etc.
I recently purchased a few low income properties ...
S Yu
First Eviction! Questions...
I'm living in MA and I have to go get started with my first eviction process. I have 3 units, and the eviction will be the one that moved in 1.5 months ago. Check bounced... was promised money... none. Voicemails not ...
Tri Nguyen
What is the best way to pay off credit card?
Hey everyone, what is simply the best and most strategic way to pay off your credit card?
Let's say you currently have a balance of 1k on your credit card. Is it better to pay off the whole balance at the end of the ...
Account Closed
Roommate situation in Bay Area, California
Hello and thank you in advance for your help. Single family home is rented to 4 girl friends with a one-year lease. One moved out two weeks ago, gave the others a month notice and payed rent to cover till the end of ...
Alex Morstadt
Mortgage Note Accounting
Hello CPAs! I am struggling to get a definitive answer to the question - are payments from a Performing Note passive investment income or are they ordinary income? I have seen it described as both - and lets face it, ...