Mike Bonomo
How do I get a tenant out!?
Good Morning BP,I bought a rental property (duplex) in Oswego NY back in August 2022. Since the day I purchased the property, one of tenants has not paid a single penny in rent. Her lease is officially up on December ...
Jonathan Greene
5 Tips For New Investors - Which ones are you doing and which do you need to do?
I respond to many posts here to help new investors, so I wanted to give out 5 tips that may help you on your journey if you are new. These are not things I came up with alone; they are things I learned from experience...
Alik Levin
TurboTax, Schedule C, Wrong Federal Refund/Material Participation
Dear all!Hope your tax season going well.I am using TurboTax Self-Employed online to file my day job's W-2 and rental business taxes. I manage my properties through single member LLC.When I am at the Schedule C the lo...
Tony Castronovo
Tenant Considerations
What financial qualifications do you consider when evaluating a tenant? Minimum credit score? Income multiplier (compared to monthly rent)? Debt:Income ratio? Other?
John Kim
Bought my first multifamily in Jersey City. What do I do now?
I was fortunate enough to purchase a multifamily using a FHA loan. It was a short sale in 2015. Purchase Price: $600kMortgage balance: $540k @ 3%Net income: $1600/monthThanks to nice growth in this neighborhood, which...
Tyler Bolton
LLC versus personal umbrella policy for Indianapolis SFH rental
My wife and I have owned a single family rental house in Indianapolis for 1 year and are trying to decide between an LLC versus a personal umbrella policy. We currently live in CA, but are moving to Illinois in the co...
Omari Morgan
Good and Bad Property Management In Rochester NY
I own one 3 family and 3 single unit properties in Rochester NY. I'm having trouble finding a good property manager. Does anyone know of a one they could recommend? If you cannot recommend one is there one are ther...
Tiffany Drahonovsky
1st month owning a SFR, tenant tells me today she pays the 3rd wk
Hello folks! Thanks in advance for any help. My first few weeks as an investor have been exciting to say the least!I took a contract assignment and closed on this SFR Jan 16. The prior lease had expired back in Nov. H...
Charlie Moore
First Day...... 35 inquiries!!!!!
Posted My Property for rent, last 24hrs I have had 35 inquiries Via Facebook marketplace - Am I doing something WRONG? - Should I show the home to EVERYONE that wants to see it, and charge everyone an application fee?...
Chana O'Leary
Money To Complete Rehab on a Home with No Mortgage
Hi all,I bought a foreclosure for cash ($28,000) and have put $50,000.00 cash into it. The heavy, big work has been done and now it's the final touches. Flooring, and kitchen/bath furniture - and I'm done! Two brokers...