John Teachout
Scammed by identity of new tenant
This is a new one to us. We just rented a new to us house. The person filled out the application and I ran a full background check on them. Credit and employment history came back positive. I called the listed previou...
Tadela Tedemet
Hard Money/Private Money- Real or Scam?!?
So I am looking for some hard money/private money for brrrr investing and I have so many people asking me if I need a loan, but then I have other people telling me to watch out for scammers. I am new to this lending t...
Ruth Kelly
Advice? Screening app w/ collection items "disputed by consumer"
Hi there, I have some experience leasing for a little over a year, and I haven't run into this particular combination of issues until now. Context: As is baseline standard for screening, I require all applicants to pa...
Kyle Moore
Financing Second Airbnb House Hack
Hello all,I am currently “house hacking” a single family residence with Airbnb. I rent out 4 rooms while living in the 5th bedroom in a separate suite. This produces significant cash flow each month and I am living in...
Rich Hupper
Applying for loans having no luck
I have been an independent contractor for 7 years. each year i write of most of my income. i never realized until recently this severly limits what a lender can give you. should create an llc or some other identity an...
Sriram Kumar Bikkina
Pros and Cons of Using Private Lender Money vs Banks for Financin
Hello Everyone,For my next deal that is closing soon, the bank did not offer me what I was promised or looking for but a private lender offered me exactly what I am looking for but I never dealt with private investors...
Samuel R. Harden
Worst State to LLC
I thought California had to be the worst state to LLC in ($800 annual Fee and a small amount of tax), but Tennessee seems to be even worse ($300-3,000 annual Fee, a small franchise tax, and a big 6.5% excise tax). Any...
Tim Messina
DIY Home Rental
Hi, I might rent out my home and I would like to manage it myself. This would be my first rental in NC. What does the group think about online rental managers, like Zillow or Turbotenant? i like the screening and rent...
Henry Lazerow
Two warnings for the Chicago market! Section 8 lawsuits and fake tenants ID's
Recently over 165 lawsuits were filed in Chicago against small landlords who declined Section 8 tenants. These are being issued by local "nonprofits" who are mass emailing landlords pretending to be section 8 tenants....
Aiasia Powell
LOST NEWBIE WHOLESALER
So I just did my first talk with a seller and I was so lost! What do I say when asked what company I work for? (I don’t have a company) Do I lie about how many years I’ve been doing this or do I just say I’m new? When...