Richard Chan
What do you wish people had told you when you started?
Greetings and Salutations BP folks!I found BP via Youtube starting with Peter Harris's videos and following suggestions. Can't begin to say how impressed and motivated I am to have found this community. Thank you!!I...
T Brown
tenants depositing into account
How does it work to have tenants deposit directly into your bank account? Do you just give them your account number? Isn't that dangerous? I've never heard of this and would like to understand the mechanics.
TIA
Trina
Robert Mitchener
Cleveland Ohio, A New Person
My name is Robert Mitchener, and I've been looking into real estate for a few months off and on, and in too many places to be honest. I've contacted multiple traditional lenders for information, and requested funding ...
Steve Dove
VRBO- Forcing your hand to online bookings.
It's been a while since I have posted, as like you, I have been busy. I wanted to get some of your thoughts on the recent changes that VRBO / Homeaway have made, which forces property owners to use their online bookin...
Account Closed
Do I need to file a Partnership Tax Return if I am a co-owner?
So long story short, myself and another person co-own a property 50/50. We hold the property in our individual names. We have one property and after getting a rather large CPA bill ($1600+) for the 1065 Partnership ...
Account Closed
Prospective tenant conceals emotional support animal
Hi All: I am a new landlord in Alameda, CA. One of my units in a duplex, we had a couple come in, and tell us: "we know your ad said one small pet is negotiable, but we have one dog that is 50-65 lbs. Would you still ...
Sienna Parker
Invest in 401k or save as cash?
Hello everyone! Amidst these uncertain times I’m assessing my savings and investment plan and strategy. I joined the workforce almost two years ago at a company that does 401k matching 50¢ to every $1 up to the federa...
Cody C.
Multiple offers?
Do most of you guys putting offers in on places to rehab or hold, put in offers on multiple properties at the same time? If you do, how do you manage to get out of multiple acceptances at the same time?
Erik Carlson
To pull the 401k or not to pull the 401k
Has anyone pulled their 401k out (not borrowed) to purchase an investment property? After paying the taxes and penalty, we’re the returns still better or worse than leaving in a 401k? This seems to be dependent on a...
Ryan B.
Why a business line of credit?
Forgive my ignorance, but I just want to make sure I am thinking correctly.
I have a home equity line of credit that is open and I can draw cash from whenever I want, is a business line of credit along the same theor...