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What’s the difference when it comes to taxes? What can you write off as a “Professional” that you can’t as a Non Professional. I’m referring to the IRS terms for investors and the differentiations.
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I have a property that I am accepting renter applications and several folks have asked if I accept section 8. Am I allowed to say that I do not accept section in Cincinnati/Ohio? I know that each state is different. T...
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We purchased a 1st position npn in Memphis in hopes that the borrower can get financial aid from the Hardest Hit Fund program, but browsing to http://www.keepmytnhome.org/ it shows that they shut it down on 7/31. Does...
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Im a new investor and I'm wondering if I use a hard money from a private source and it's not reported on my credit can I tell a bank that I own the property free and clear and get a traditional bank loan and then pay ...
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Recently closed on a house and just listed for rent. Been listed for rent for four days now and only had one application. Applicant credit score too low so decided to pass. We are approaching the Winter season and it’...
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Doing a Rental to two foreign nationals here. Literally been in the USA 10 days. No Driver's License, Credit, SS#, etc. They have Passports from their home country, and Visas for the USA. They have Medical School R...
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Hello BP,I am taking applicants for my first rental property. The most interested and promising applicant so far (after only a week) is a middle aged woman who's husband just left her (not sure if they are divorced or...
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Howdy all! I’m Arthur from San Francisco and I started listening to the BP podcast a couple weeks ago. I’m already pretty hooked, so I figured I’d introduce myself. Hopefully you guys won’t mind me sharing where I’...
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HI everyone, I am not sure if this is the right forum to my question but I am having trouble finding accurate data for possible rentals (how much a property can be rented for). I am looking for a house in western NC, ...
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I am starting to receive applications on my first rental property (all digital applications). I need some advise on what exactly I should be looking for to qualify each tenant please.Income: What multiples of the rent...