Thomas Price
Real Estate Agent AND Insurance Agent
I run a large Real Estate Agent team and have started to invest in supplemental companies in order to increase income through the same activities. I am beginning to reach out to the insurance agents that I know to hea...
Andrew Carlson
Do you utilize traditional retirement investments?
I searched through the forums, and found a lot of people asking about liquidating 401k/IRA etc. But I could not find anything about whether or not BP members even put money into traditional retirement investments. So...
Cathy Leco
Security deposit vs non-refundable fee
I am considering going from charging a refundable security deposit vs non refundable fee ($40/booking). If I go with the non refundable fee would I use a liability account?
RH Richards
Partnering On Deals? Here's Why a W-9 is Super Important.
WHOLESALERS, IT'S TAX TIME!!! HERE'S A TIPI know, it's lengthy, but five minutes could save you thousands . . .Working with other wholesalers to buy and/or sell investment properties is a great strategy because it all...
Ayse Yesilyurt
Minor US citizen an LLC member?
Hi,Sorry I have posted this in the more general forum as well and did not know how to change it to here. Me and my husband are Turkish academicians who are interested in buying a condo in Michigan, as we have ties in ...
Account Closed
Know Your Rental Expenses to Ensure Healthy Cash Flow - Article
Being a landlord can be a lucrative proposition, but unforeseen expenditures can put a damper on profits if they aren't calculated into the rent beforehand. The reality is that the costs of a rental property extend fa...
Jeff Oberts
Lake house / Cabin short term rental
Hi guys! I currently have a lake house under contract in Wisconsin that we will use as a short term rental when my family is not there. Does anyone have a lake house / cabin short term rental, and if so, care to sha...
Peter Fokas
How do you keep premiums low?
My 6 family insurance was 3100 last year and now increased to 3500 this year. What do you guys do in terms of trying to keep insurance premiums low as possible? Do you increase deductible?
Account Closed
Are Principal Payments Subject to Income Tax? Asking for a Friend
What's up everyone! A close friend and I just had a discussion regarding the tax treatment of P&I. Whoever is right gets a bottle of Tito's so, no pressure here! While talking up funding strategies, I mentioned to...
Mohamed Fadul
Tenant moved out and left a car
I have a house in Katy TX. My tenant moved out a month ago after a warning notice to evict or pay rent. Unfortunately he left none working car inside the garage. I am not sure if can just tow it away. Any advice will ...