Aaron Linden
Reject Applicant For Tenant References
Hey BP,Situation: Potential tenant applicant uses a person convicted of dealing cocaine (felony) and convicted of felony forgery with intent to defraud as a character reference. This person happens to be an in-law.Now...
Mark Davis
When Owners Default on Tax Liens
What happens if a property owner does not pay, when it comes to tax liens/certificates?
Marlene May
internet auctions and clear title
I want to bid on an internet auction property being sold by Freddie Mac
This is part of the contract:
5. TITLE AND CLOSING adjustments:
A: Title: The consummation of this transaction is subject to and contingent upo...
Nikia Johnson
Jacksonville , Fl Real Estate License
I am thinking about getting my license for the sole purpose of MLS access, the ability to make offers on properties when I would like and the ability to gain access to properties when I would like. My question is just...
Jeremy Hunsberger
Do partnerships make you look better to a bank?
I was having a discussion with some other investors and we were discussing partnerships. In your experience in partnerships, do banks consider them stronger than a sole proprietor? I would love BP thoughts on this.
Stephanie H.
business checking & EIN number / Management software
I am not sure if I am posting this under the correct category but hopefully someone can help. I currently have a few properties and act as the property manager. I run them as a Sole Proprietor but I keep all my banki...
Dan Rudolph
How much can I contribute to my solo 401k this year?
My wife and I are the sole proprietors of the business that that sponsors our solo 401k (unincorporated sole proprietorship). That business will probably make a total of $30K in 2018. I understand that this calculat...
Harry Metzinger
Going from Traditional IRA to Solo 401(k)?
Hi BP, I currently have Traditional IRA funds that are invested in stocks, but lately I have educated myself about going the self-directed IRA route. I met with a self-directed IRA custodian yesterday. However, give...
Troy K.
Solo loan with joint bank account
Ok, my question is, my wife and I share a joint bank account. My wife's income is higher than mine, but, is mostly tips, pay for services, and other deposits like that. Her credit is not good either. my income is abou...
Dave Vona
Any advantage to sole proprietorship for rental
I just bought my first rental home and will be using a property manager. I wanted to understand whether there is any advantage to creating a sole proprietorship. I can could use this to open a business account at my...