18 October 2021 | 13 replies
If you are not bonded it must be in a separate account.I have always thought that we are allowed in MI to have funds in an interest bearing account and that we are not required to share interest reports (or interest) with tenants but.....I decided to ask our lawyers this question as well and oddly enough, I stumped both of them : ) They said they are 99% sure I am right but said they will look up the statues and let us know next week.
25 October 2021 | 2 replies
Hey Marcus, I just published my ebook on industrial investing, its on amazon.
21 October 2021 | 22 replies
Similar for missed rent payments that show on a credit report.
15 October 2021 | 0 replies
View report*This link comes directly from our calculators, based on information input by the member who posted.
17 October 2021 | 3 replies
View report*This link comes directly from our calculators, based on information input by the member who posted.
7 November 2021 | 7 replies
The answer is yes, you need to report all the income on Schedule E, if you want the bank to give you credit for that income next year when you go to buy property #2.
17 October 2021 | 18 replies
The enforcement reports are published on their website monthly.
18 October 2021 | 2 replies
View report*This link comes directly from our calculators, based on information input by the member who posted.
16 October 2021 | 0 replies
View report*This link comes directly from our calculators, based on information input by the member who posted.
19 October 2021 | 9 replies
So it appears to me that to avoid any issues or potentially being ripped off by someone you need an overseer who reports back to the owner.