Jorge Hernandez
Building business credit to buy real estate later
I saw an online post that you can form an LLC and use your personal household bills. By paying your household bills, you can build your business credit and leverage the credit to purchase real estate. I wanted to get ...
Samantha Magina
Auction: Bank of America customers prohibited from bidding?
I'm watching a few auctions in NY right now and this disclosure caught my eye. What is a household member? is that a person that owns stock or is it a person that has a bank account? I'm stumped. Bank of America, N.A...
Account Closed
Credit/Background/Evictions Checks Galore + 3X Rent Rule.. Yet EVICTIONS SURGE IN USA
I highly doubt credit and background checks are outdated, for if anything, they are continuously competitive and streamlined hot tool commodities.Perhaps the 3X Rent = Minimum Monthly Salary qualifier is outdated?Firs...
Justin Fox
Tenants who are long term friends (24 years).
I was wondering if anyone treats deposits or income requirements different for applicants that aren't families?Thanks.
Caroline Davis
Housing supply continues to increase, but can it meet demand? Huntsville, AL
Just thought I would share a great article I came across.https://huntsvillebusinessjour...Housing supply continues to increase, but can it meet demand?
April 3, 2023/in Community Development, Economy, Featured, Housi...
Account Closed
Flips Just Became Easier by Fannie Mae
"HomeReady will be available to borrowers at any income level for properties in designated low-income census tracts, and to borrowers at or below 100% of area median income (AMI) for properties in high-minority census...
Babak Jamali
Household Employer Rules - Do I need to W2?
Hello all,I'm trying to figure out if as a homeowner (not a business/self-employed) I would have to 1099 or W2 someone who helps me rehab my primary residence. That someone would not be a contractor or family member, ...
Jared Trindade
Real Estate Market in Raleigh NC #1.5
This is a 5 month update to the real estate market data thread for Raleigh NC. Previous Post: https://www.biggerpockets.com/...
This is post 1.5 for the Raleigh Real Estate Market Data Thread.
This is a Chat GPT rep...
Brandon Baker
What structure for a couple with high incomes ?
Hello, I have a quick question. My wife and I are wanting to start investing in rental properties. We both have high income jobs. She has two kids and claims the house and head of household because of her kids. I have...
Michael Klinger
1031 Exchange into Multi-family: 1 year later. Now what?
I've been reflecting back as it is about a year now, since I began shopping for my 1031 exchange. Back then, I pivoted out of an owner occupied Los Angeles office building (that I had owned for 15 years), into 3 multi...