I applied for a mortgage loan through a local broker that was referred by my realtor and was instantly Pre-approved because I have pretty good credit. I now have to provide the routine documents (W-2s, pay stubs, ta...
Hi,We have been with Citibank for past 15 years. The kind of interest what they pay for savingplus account is 0.10%Wondering if we can move to another bank where they pay better interest rate on the savings account.I ...
Hi, there! I’ve owned some properties for a while, and they all rent out. But now I’ve got a problem. It ‘s too hard to track every rent payment cuz these rooms are rented out to different tenants. Some of them pay me...
On Saturday we took the Family out for a walk around our town and took selfies with 23 different houses.We picked these particular multi-family houses since they had absentee owners and were near parks and have a nice...
As the title suggests, I am a mid-size Realtor/Property Manager in rural Batesville, Ar.We manage roughly 400 properties and have started to re-shape how we choose to manage our properties. We represent the Landlord i...
My business partner and I currently hold an investment property in our names via an unsecured note. Our initial financing attempt through the broker channel collapsed a week before closing, so we pivoted to a local ba...
I purchased my first property back in 2018; the monthly mortgage payment is $1300 (which includes interest, principal, property tax, and insurance). I leased the property a month after the purchase for $1550 a month (...
Hey Guys!
This is going to be quick- I promise!
I've been told and read that when forming an s corp owners must be paid a reasonable salary and can't just let all of the money pass through and be paid as a dividend...
Hi BiggerPockets,Quick question here. Any of you done this before - buying houses with Solo 401k and renting it out. I am located in Phoenix - Chandler/Gilbert area. Good SFR are 200K - 300k. It is hard to buy these i...
Just curious, when people say that they have $5k passive income from real estate for example, typically is this number just a pure cashflow after setting aside the reserves (vacancy, cap-ex, repairs) , or is it cashfl...