Mina G.
High DTI, Investment Property Mortgage?
Hello,I currently have 1 property (Duplex) I live in 1 apartment and rent the 2nd one for over 5 years now. I'm trying to purchase another property (Single Family) to rent out. I have 30% to put as a down payment, but...
Cason Acor
Dedicated bank account for individual entities?
My question is primarily directed to buy and hold investors who purchase each new property with its own entity (I imagine most will be LLC’s).
Do you also open a dedicated bank account for each entity for the purpos...
Jerome Joseph Gainer Jr
Should I put my rental properties under an LLC?
I own a property in Miami Beach that I rent out short term and a property in Austin that I rent out long term both with mortgages. In addition to those, I manage my Mother in Laws long term rental in San Antonio whic...
Allen L.
What is the deal with 1099-NEC, rentals, and ICs?
I work with a few independent contractors on rehab projects. These ICs are either sole proprietors or work in their sole member LLC. I started reading into 1099-NEC and from posts on BP and elsewhere it sounds like I ...
Levi T.
Lean On Property From Delinquent Tenant Water Bill?
We operate properties all over the state of Virginia, and out in King George County they use the property owner as the fallback to unpaid utility bills for whoever is living on the property. It's the only county we op...
Michael Garrison
"Subject To" protection
I have a property that is in pre forclosure status. I have the opportunity to pick it up "subject to". I have the option on my exit strategy to either hold it and rent it to pay the notes or do a "lease option" and at...
Paul Ellington
Should I Create a Rental Property LLC?
My wife and I currently bought our first SFH and kept our condo as a rental property. We require our tenants to have renters insurance and we have a homeowner's policy with an umbrella policy to ensure we are covered...
Alex Thiel
Owner occupy affecting next move: FHA/conventional/hard money
Hi, I have been browsing through pages and pages of the forums and not seen this specific type of scenario. Any input is appreciated.I have identified a great deal for a house that could serve as our “forever home” (i...
Wesley Brown
Can I invest in my Cousin's 1031 exchange?
Hi - My cousin is closing on a family farm he inherited and is looking to do a 1031 with a multi-family. He'd like me to be involved to manage the finances of it for a bit of sweat equity and I'd also like to put in p...
Ethan Peyton
What is Risk Worth to You?
So I have a choice to make. The two options are very different, but can both be quantified, so they may be comparable.
1. Pay off my car
I owe $7,085 on my car, and monthly payments are $236.
That would m...