Josh P.
Quick Question about the 50% rule.
When I'm using it to figure my monthly payment and therefore the max I should pay for a property, am I to go by the monthly payment amount for a 15 year or a thirty year mortgage?
Marc L.
Seller Finance --- Help Needed
Back story: August 2011 my family moved from TX to MS. My dad had moved from MS to TN and his house in MS had been on the market but not selling. He agreed to sell us his MS property at no interest so that he wouldn't...
Jason Watson
Material Participation and REPs
What are the general tests for material participation? This question comes up all the time. As tax professionals, we want to get the word out for those considering a real estate professional designation.
Ok. Here we ...
Yuliany W.
Stop Cable TV vs Raising Rents
Hi BP,
I'm considering to stop cable tv subscription on my 14 unit rental. It costs about $500 per month. The previous owner set this up and I'm wondering if this is a common practice for multifamily rental....
Susan H.
Security Deposit Alternative?
Have you used Rhino or a similar service in lieu of collecting the full security deposit at start of lease?Quoting from https://www.nbcnews.com/news/u...With Rhino, the platform replaces the traditional security depos...
Bob H.
How to screen tenants without a hard credit inquiry
For the second time in a row, I have had a potential tenant ask me whether my screening process involves a hard credit inquiry rather than a soft one. Last time, I checked with my screening service, which gives me a s...
Eric M.
Questions about NPN and being "holder in due course"
Despite being a part time hard money lender I am afraid I know little about buying and selling existing notes and it is an area I am curious about. I have been reading Lorelei's Legal Lessons which though it is 15 ye...
Trent Kruessel
Insurance for Rental in Kansas City
I have a handful of single family rental properties in Kansas City. I was reviewing my monthly expenses with @Ian Reeves the other day and he mentioned that my insurance premium is way too high. I called my insuranc...
Bri Webster
Newbie Wholesaler Courses
Hello- I've been looking for courses to take on wholesaling after reading many books, watching different investors YouTube channels, listening to podcasts, etc. before I take the leap of putting together my first deal...
Nadir M.
Concerns with older buildings.
Hello everyone,
I have a couple properties that I am looking at and my main set back is that they’re old builds, around early 1900’s. My question is, other than foundation issues, which they don’t seem to have, what...