David Pendergraft
Take over a mortgage? Let's get creative!
BP,We have our eyes on a Seattle multi family property. We know the seller is motivated and in our one conversation with the seller's agent, although they were hesitant with the details, we know there is a mortgage an...
Bryan Bacallao
What's the best way to screen tenants & collect rent??
So I'm looking to purchase my 1st rental property. How/what should I use to screen potential tenants? What's the best way to collect rent? Is it normal to get the 1st and last months rent plus security deposit OR just...
Bryan Wilkerson
1st flip need advice cpa
I'm going to try and give as much info I can think of. Me and my dad are going together on our first flip .we close on house on couple weeks. I'm getting a small investment loan from relative he wanted me to start som...
Laura Hamilton
Tenant screening
Few interesting situations with prospective tenants:We have a nice lady who is coming to see our rental property. However she is Canadian citizen and I wonder how would we do credit check for her? She is in a manageri...
Account Closed
Lowering the tax bill
HelloLet me state upfront this may seem like a rather strange question. I am looking to expand my portfolio but I currently don't a need for the rents income. If I use it exclusivly to pay the debt on the property wil...
Pat Patel
Getting ready for REI in 2020
Hello. I'm currently in retail business and own 5 cell phone stores. I have been doing research in RE investments and would like to start in early 2020. I'm very busy running the businesses and handling day to day d...
Sierra Swords
Newbie confused about future financing for next rentals
Hello! Brand new investor here! I'm 25, in the middle of completing my first deal on a duplex in my home town of Westfield MA while I go for a PhD and bartend in central new jersey. Once the deal is closed, my DTI wil...
John H.
Plan to buy first multi family , don’t have hard cash
I plan to buy my first multi family property very soon. The problem is I don’t have hard cash. I How can I get enough cash to buy it? How can I get the lowest interest rate? I have some equity in my current house (es...
Account Closed
Should I rent out my room to this person...
She is 24 years old. Moving out of her parents house for the first time. She just toured my house with her dad. Shes from peru but moved here a decade ago. I live in utah and I feel like shes super super mormon. Not...
Lisa Wilson
Eviction concluded - now what?
Hi! Long story short, we evicted a tenant for non-payment. We went through the legal process (using an attorney) and she is out of the property. With attorney fees and late fees, she owes about $4k. Do I have any opti...