Brian Ellis
What are Unlicensed property manager restrictions?
I have a question for my fellow biggerpocketers Being the great entrepreneur I am (jk), I am looking to start a property management company. Ive had some pretty dumb ideas in the past that didn't work out, and im won...
Kendra L Lee
Advice on Englewood Property
My name is Kendra and I am interested in buying a property in West Englewood neighborhood in Chicago IL. I am located in Dallas, TX. The property is affordable and I can fix it up to add equity and increase revenue....
Shuo Jiao
What will your reaction if your tenant sent you this?
"Hi,
Hope you are doing well! I recently learnt that the gap between tenants is usually over 30 days.
If I can have a new tenant ready (one approved by you) on the same day that I deliver my move out notice, would ...
Marshall Hooper
Multi-Family Greed being brought to light
Value-add investors getting busted for fudging the numbers.https://www.wsj.com/articles/u-s-pursues-one-of-the-biggest-mortgage-fraud-probes-since-the-financial-crisis-1534357872
Ellie Narie
DTI ratio if you have no other debt?
Please explain DTI ratios to me. For example, USDA has a 29/41 DTI ratio. They say that your housing payment should be no more than 29% of your income and your total debt should be no more than 41% of your income. But...
Soh Tanaka
How to receive rent in QuickBooks
I always used "Make Deposits" or "Create Invoices" to receive rent in QuickBooks, and it was all good. Now, for the reason I don't understand, when I create a report called "Transaction Detail by Account," (which is o...
Marc Gallegos
When to hire an Accountant?
2015 was my first year as a grownup... Would love some help/ advice here. Heres the timeline!Jan 2015 bought first rental property on an interest only note. Graduated college May 2015. July 2015 Finished 5k in renovat...
Joel Owens
Tennessee tax question
If you are an out of state investor buying a commercial property in Tennessee do you have to pay income tax or not??
Does it matter if you hold the LLC in a different state but purchase in Tennessee versus setting up...
Nurzhan Abenov
First Flip done succesfully
Hello BP2 weeks ago we closed our first flip. I’ve been reading bp for over a year now and always enjoyed reading success stories. So decided to share ours.We purchased 1bd condo in Fairfax VA. We used hard money. 10%...
Lisa Monroe
Short Sale Question
After I negotiate a short sale, can one of my options be for the owner to refinance and have my fee taken out at closing? This way I would be helping the owner and they could stay in the home. And then I would have a ...