I am looking to purchase my first investment property this summer in Indiana and I am currently looking into forming my LLC in the coming weeks so I can get my business bank account set up and start tracking tax deduc...

Hi All,I am currently on the board of my HOA and have an idea about commoditizing the rental wait list spots. Has anyone heard of any association allowing members to sell their spots on the rental wait list to other m...

I recently transferred a college rental property into an LLC. I also transferred the insurance policy to the LLC instead of my name. So the insurance company forwarded that information to the bank which my mortgage is...

hi folks,I'm looking to purchase an investment property. When applying for the loan, does the debt-to-income ratio include the potential rental income on the property I'm trying to buy (that property is currently not ...

Hi BP Community: We've recently purchased a 4plex in South Carolina with inherited tenants. One of the tenants is late on rent and we're awaiting a court case for eviction (they are dragging their feet to try to stay ...

Characteristics of Hard Money Lenders
A bank’s role is to supply financing first by evaluating the borrower and the borrower’s financial state, including taking into account their debt compared to their income, commo...

What is the better option?1. Furnish your rentals with appliances (fridge, stove, washer/dryer) and assume responsibility for when they break2. Have tenants be responsible for appliances and therefore they are respons...

Greetings BP family,I recently passed my SAFE Act exam and am ready to begin building my book of business as a mortgage loan officer / originator in Virginia!My question for experienced MLO's out there is, what are so...

Hi I own two properties of roughly equal value with my sibling. Each of us own 50% / 50% of each property. What's the best way to swap ownership so that in the end each of us own 100% of one of the propertys? Is there...

A new tenant had a small water leak in her apartment due to a clogged drain. I cleaned up the water, which did not damage her belongings since it was minor. I had to shut the water off to the apartment since, at the t...