Mitch Kenney
Short Sales- Long Term Strategy
My wife and I were having a discussion the other day. She feels that we cannot count on short sales as a long term strategy (for the next 10 years) and I believe we can.
I believe we can because as long as the banks...
Drew Whitson
Too small to create an LLC?
I own five single family homes in the Twin Cities area (Minnesota) and am trying to learn if creating an LLC and transfering these five houses to the LLC is a good decision and worth the time and money for such a smal...
Carl Crain
moving IRA into LLC without penalty to flip
Interested in using my IRA to fund a new LLC that would flip houses and put the proceeds back into the IRA. Then due it again. Any guidance?
Michael Emmanuel
Two convensional loans, one to live in and one rental at the same time.
Hello,I have a preapproval for 3% down payment conventional loan, as I own no property.Haven't found a house I like, I wanna be patient looking for my to live-in house, but I still wanna get a rental property where in...
Andres Triveno
How to structure short term rental ownership
I own several properties primarily for short term renting in different cities (San Antonio, Tampa, Pittsburgh). They are all in my personal name (deed and mortgage) however I have an LLC that I do business with and fi...
Samantha Klein
Replacing toilet guts before renting
Hi BP,I just got a service call for a leaking filler valve, it was spraying in 2 or 3 directions and leaking down the tank, this is the first day of my tenant living here too. I had my handyman replace the guts and I ...
Max T.
Applicant A or Applicant B?
A is solo, recent law school grad, no pets, no smoke - but makes $200 less than the 3x rent rule.B is solo, no smoke, makes plenty of $$ - but has 2 labradors (sometimes). B is splitting up from a relationship with "p...
Syed Hussain
Condos? Good first time rental?
Hello everyone. I'm a brand new investor and have started looking at homes for sale in my area. I see a number of relatively low priced deals in decent areas, but many of them are condos. I ran some of them through...
Sean Chen
Should the tenant be responsible for the damage or landlorad
It was close to Christmas when my property manager called me and gave me the bad news: one of the tenants was celebrating his son's birthday and invited the boy's uncle to the party. They got into altercation and the ...
Account Closed
Here's How to Calculate Rental Income For Child Support
So, the day has come to finally figure out how much your rental property income will affect your child support payment. You won’t be surprised that many states consider that pretty penny a critical component when calc...