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W2 vs. 1099 Income for mortgages
What is the best way to qualify for a mortgage with 1099 income? How can you make it look like W2 income to banks?
John DiMaio
First Multi-Family Investment Advice
I am looking to expand my rental portfolio and buy land to build a quadplex in northern Delaware. I was looking for any advice from past/current multifamily investors on the best path to take. Would it be better to b...
J. B.
Circuit breaker with known issues failed, food lost. Property manager responsible?
I am a small-time landlord myself, but I have a relative who is a tenant in a very large apartment complex. The complex is relatively new, being only a few years old. The circuit breakers throughout this very large ...
Timothy Miller
Favorite Areas for a Buy and Hold
What are some of your favorite areas of the country to buy and hold for the long term? Would love to see where people are bullish but also hear where people are bearish for the future.
Sophie Mia
Agreeing to buying foreclosed house before inspection?
Hi everyone,
I'm in the process of buying a triplex (foreclosure). It looks like it's in very good condition and should be move-in ready. I will be using FHA Financing.
The problem is that the bank gave...
Larry Turowski
Can we come up with something to replace BRRR?
Every time a see or hear BRRR (Buy, Rent, Rehab, Refinance), I just...I don't know...I just bristle. It is cumbersome, awkward to pronounce, and can't be said without then saying what it stands for. Sorry @Brandon T...
Kurt G.
Best Quickbooks Online Version Choice for New Investor
We just sold our first flip and are due to close on our first rental SFH within the next week, and I am struggling to figure out which version of QB to go with. While we are planning on building a nice rental portfol...
Michael Germinario
My Best Property Management Tip Is ...
Hi BP!I thought it would be a cool idea if everyone shared their best tip for managing their rental property. I'll start if off.My best property management tip is charging a 5% late fee when a tenant fails to make th...
Joseph M.
First (commercial) buy and hold deal analysis
Hi everyone,I've been in talks with a seller of a 5-unit 'apartment' that is a large house.The Property and Neighborhood5 Unit apartment out of a converted house. Located in a district where they zone to reserve 10% o...
Mark Vejnar
Buying with Soul-Crushingly Bad Credit
I am currently seeking opportunities to flip properties, but my credit is blasphemous and I sort of feel that no sane persons would partner with me in my ventures. My current marketing plan consists of driving-for-dol...