Jamie Kleine
Typical closing cost percentage on HELOC
Hey finance savvy people! We are setting ourselves up with a HELOC to start investing. Looks like the closing cost fees are about 3% of the credit line amount. Does that seem typical for a HELOC of about $200k - so th...
Terry Landon
Best PM Company software?
What is the most advanced, user friendly Property Management company software out on the market right now?
Keith Schulz
Developing Condos - Lending Questions
First let me start with, I'm a residential investor and have only done a few small commercial deals as an agent. I'm considering developing some condos. I've talked to a few commercial lenders and gotten a few differe...
Chris Barnhill
Rental Management Software Suggestions
Been using Quick but looking for a more in depth software to manage properties. One that would include accepting credit cards, sending out late notices, add late fees, unit details and more. Any suggestions and why?
Dinesh T.
LLC: Attorney, CPA or Neither?
I know I can form an LLC by myself by just applying online. I was offered paid service by both a CPA as well as an attorney. Should I hire a professional, if yes would than be a CPA or an attorney and please tell me w...
Travis Schmidt
Forming a LLC - physical mailing address vs virtual office
I decided to form an LLC for my future plans to both flip houses and build a rental portfolio. I want the asset protection the LLC provides and the EIN so I can easily apply for a business bank account. I quickly ju...
Daniel Ng
How to handle a dispute with a Utility company that landlord never sign up for?
My friend has a rental property. On the lease the tenants are suppose to pay for the utilities.
The Gas company sent him a termination notice stating that the Gas meter was tampered with, and he has to paid $300. He ...
John Underwood
Loss of business mileage deduction for those with W-2 income
My CPA had a letter in my tax prep documents that says that those with W-2 income can't deduct business mileage anymore.This is the first I had heard of this. I don't have W2 income, so I am good but I'm sure there ar...
Katie Hartung
Negotiating furnishings and decor in an offer for a STR
My husband and I are ready to make an offer on a property for a STR. The numbers make sense. Upon touring the property I realized I would furnish and decorate very similar to the current owner therefore we would like ...
Simon Stahl
Lender wants to force sell me property insurance for the past due to an insurance gap
Hi thereFirst of all, I understand that a lender wants uninterrupted insurance coverage for any property they have a mortgage on. What baffles me is that they are trying to force sell me insurance for the past, when w...