Jered Sturm
How do you accept your rent payments?
I am an experienced investor that accepts rent payments from my 20 units two ways. 1) Online Checking or credit card payment through Buildium Property management software.2) Good ole PO boxI am asking how others accep...
Pete Perez
Would you rather $200k now OR $800/mo cash flow + future sale?
Would you rather have $200k (after taxes) right now, or would you rather have $800/mo cash flow + money from future sale? I am anticipating "Well, it depends on what your goals are" as an answer. I want to know what Y...
Brie Schmidt
A lesson learned from Lending money to a BP contact
Today is a great day! I finally got my money back from a BP member after over 2 years. We had met on BP in 2015 as he attended my meetup group and over the years he was very involved with the community here in Chica...
Jason Turgeon
Ranting and raving about mortgages in the time of COVID19
Use other people's money, they said. Leverage, they said. Harumph.
Mortgage 1: My personal residence (duplex) in Boston. With rates low, my promo rate on the HELOC expiring, a bunch of exterior renovations I want to...
Peter Sanchez
Real Estate is a Terrible Investment.
According to this article, http://www.cbsnews.com/news/history-says-home-real-estate-is-a-bad-investment/if you take out the recent housing bubble and just look at returns on real estate for the past 100 years, you wi...
Kenny Simpson
Pre-payment penalty TRAP DSCR loans
Many new and experienced real estate investors will FALL into the pre-payment penalty TRAP and it might really bite them in the A$$ or cost them on future deals. Going through the last 2008 real estate crash many peo...
Brian Louderback
Bank said NO to putting house in LLC name
My wife and I formed an LLC to use for our new rental business. We just purchased our first rental a couple months ago and are just about done with all the renovations. So I called up the bank to see about doing a qui...
Jason Krick
Lease Option--Is it the best option for this deal?
I am going to be meeting with a distressed seller about solving her problem with an upcoming sheriff sale. The property is currently listed as a short sale. My plan is to purchase it, and then sell it back to her, p...
Account Closed
Activities Permitted with A Checkbook IRA
I have just established an LLC for my SDIRA. The purpose is to use this LLC to buy and hold a SFR rental. I intend to manage the property myself. Are there any restrictions against using a credit or debit card with th...
Xiaoyu Liang
Bottleneck on Property Management, Seeking Suggestions
I want to share my experience in purchasing this investment property. It is quite a journey, and I feel like I've been dealing with a lot. I want to see if anybody had a similar experience or how would you deal with i...