Stan Plebanek
Auto Draft from Checking
I think I saw this topic discussed a while back, but I can't find it. I would like to have my new tenants agree to an auto draft from their checking to pay their rent in a timly manner. My bank said I could not do t...
Allison Karrels
How much Cap Ex Reserves do you have?
Right now I am in contract to purchase my 6th rental SFH. I have been putting aside $100/month/property for a while now and have about $10,000 sitting in a cap ex reserves savings account so that I am prepared for th...
Kathleen Amundsen
Should I invest in rental properties with my 401K?
Hello I have a 401k worth 250000 and I am retiring from company> Im 55 years old and want to buy some rental properties for my 2 kids to rent from me.. I need the income from the rental properties now and was cons...
Jeremy Hester
how do you collect rent money?
new here at BP i hope i found the right forum for this question. I've been collecting rent through Venmo out of convenience and for tracking payments. I would love some feedback on any Cons y'all see in using this pla...
Cade Olof
Looking for House Hack Financing!!!
I am currently looking for my first rental property. I am located in Tucson, AZ and looking to purchase a multi-family where I can house hack. I am looking to get a FHA loan because of the owner occupancy. I have shop...
Taylor D. Jenkins
Cash Flow After PM fees
Hey y'all, I'm looking to buy my first rental property and have been analyzing deals for a few months now. I've mostly been finding deals through the MLS. Initially, i'd found properties that seemed to cash flow after...
Devante Boll
How Do You Keep Track Of Income?
Hello BP,What is your recommended way of keeping track of rental income? At the moment, my tenants in my first SFR pay by checks. Am I to keep all of the checks as proof of rental income for a duration of time?I ask b...
Connor Williams
Pooling Investors Money
Just a quick question, hopefully to get a quick and simple response. I've been looking all over and not sure if it exists or not, but where are you suppose to put money to make everyone in the transaction feel safe. ...
Jonathan Steffen
New member, need quidance in solo 401k =)
Hello biggerpockets world! I'm new here and looking for guidance on investing in rental properties with non-qualified dollars, vs investing inside my solo 401k.I triple majored in Real Estate, Finance and Economics f...
Julie Dillon
401k borrow or withdrawal/ cash-out?
My husband and I are 51 and 52 and only recently got into real estate investing so we want to be aggressive in growing our doors. We have 2 single family homes and 1 duplex and now we are pursuing a 4-plex. We cant de...