Account Closed
But...Dave Ramsey went bankrupt!!
Hi everyone, I'm a newbie to BP and REI and very excited to get started! One of the biggest concerns (or misunderstandings) I have holding me back is the argument over whether to carry long-term mortgages on rental pr...
Tinah Canda
Lead in property 101
Hello, my name is Tinah, from MA and I am a newbie. I am in need of direction in dealing with possible lead in an old property. During inspection I found an infant of about 6 months in the apartment (have yet to see ...
Jaganath Dabbi
Renter income verification
I am a new landlord so please bear with me. I have 2 adults in the family renting. The lady is the main renter and her boyfriend 1. Do I get applications from both? 2. Do I require 3x income from both?3. Do. I rent if...
Jobin Cherian
Duplex in the studs but location is in flood zone
hey everyone, I have a duplex that we bought about a year ago from a friend of ours. It went original owner>wholesaler>wholesaler friend>to us. We typically trust our friend since they have over 500 propertie...
Robert Cioffi
2 new construction in suburb philly
1st time landlord. Closing on 2 properties by end of December. Need to find tenants. Rentec Direct does screening and lists on websites $500 per year. Property management will do everything but wants 1st month ...
Kevin Cooper
Incorporate LLC in Wyoming Vs Michigan?
Hi BP members,I'm wondering if anyone can provide some real world practical advice on the pros and cons of registering my LLC in Wyoming (for charging order protection) versus registering my LLC in Michigan (my home s...
Matthew William
Getting an LLC as an agent
I am fairly new to the real estate space, and am considering becoming an agent. My understanding is as an agent with a company (Century 21 for example), I am still considered 1099. Would it be wise at get a LLC? If...
Kevin Galus
Quickbooks 2014
Does anyone have a good guide or book in setting up QB 2014 for landlords?I cannot find anything other than landlordaccounting.com. I just posted there to make sure it will work with 2014.Thanks in advance,Kevin
Maripier Carignan
Canadian buying a rental in the State of Florida entity question
Hello, I posted in another forum a similar question.. I am curious about what type of entity Canadians investors use for lets say 2-3 rentals in the State of Florida... in term of the less expensive yearly costs and a...
Doyle Brewer
Mortgage loan from mom - 1099-INT?
Does the lender or the debtor initiate the 1099-INT in a family situation like this?