Ryan Auber
Seeking funding methods for newly self employed
Hello BP Community!I am seeking different loans / funding methods I could get approved for to fund more deals. Last year until the end of 2021, I had a W2 job and had stable income, had no issues getting loans. I st...
Ramsey Rimkeit
Do you still accept ONLY checks for rent? Why? Why not?
Do you still accept checks for rent? Why or why not?The property management company I work for refuses to accept any form of electronic payment. Although they were unclear on the reason for this in response to my last...
Daven W Blanchard
Multifamily Investing vs single Family
Hey Team, I have always wanted to be in real estate investing as it went hand in hand with being in construction for years and us owning a construction business. Few years back an opportunity fell into my lap and I wa...
Chris Duzan
Proof of income
I'm still in the learning process of REI and have been reading a lot of books and blogs lately. While reading about qualifying for loans recently I read that you must be able to show at least 2 years of employment. I'...
Alicia Marks
Low appraisal, refusal to review after request
I have a property in Detroit that was appraised for a refi. When I requested a reevaluation they would not budge on their value. The deal still works at the lower value, and I'm honestly pressed because I need the cas...
Rajib Bahar
How to collect judgment for 5 month's overdue rent in Fort Worth, Texas?
We got a judgment in our favor. My lawyer's team suggest that the former tenant may be too poor to pay. They are concerned that after we pay for the research to find and locate tenant and their bank account, they may ...
Corey Depuy
Self-Directed IRA option/question
I've been doing some research about rolling over my previous employer's 401k (which is currently stagnant with the same broker) into a SDIRA. I'm reading that all of the typical rules of a retirement fund apply, where...
Sam Fong
Tenant screening and Church is paying for his rent
Hi BP,
I am currently in the process of accepting applications to rent out one of my units. One of the applicants who applied is a very polite young man who is married with 2 young kids. He works at a local c...
Ken Yeung
Tenant paid the entire rent for the duration of the lease
I have a tenant willing to pay the entire one year of rent upfront for the one year lease to start. Will you allow? Is it common to happen to the landlord? Tenant does not have the credit history to show from the past.
Michael Karl
snow removal for a multifamily
Looking for a little input on snow removal from a multifamily property. I am in the Buffalo NY area. I purchased a 3 unit rental property back in September and all 3 units have existing tenants in place from the pre...