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I have a prospective tenant who must prove income of at least $3000 monthly to qualify to rent my property. She makes $1000 at her job and over $2000/month as "survivor benefits" (I assume due to her military husband...
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Help! I have my mom on our LLC because of her great credit. We fix and flip and now looking to do a cash out refi on a rental we have. She has the better credit, so lender wants to use just her. Will this affect her s...
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Hello BP Community, can anyone provide insight on the practicality of using a living trust to hold rental properties vs an LLC for asset protection? Thanks, Cheryl Burd
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An AWESOME project just finished in Columbus, OH. This is exactly the type of public/private partnership our team is working to build across the country. The efforts that projects of this nature take are massive but t...
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I am a licensed minister working for a non-profit ministry. I have the optIon of opting out of FICA tax. As of right now I am paying It setting aside $750/month. I was wondering If I should stop paying that tax and pu...
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I have an idea that is either crazy or brilliant, and would like feedback.Nutshell: Find older (70+) cash-strapped homeowners with lots of equity who want to stay in their home. I purchase the home at a substantial di...
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I'm currently working on our 4th rental purchase and everything has been going fine. Closing is in 6 days and all is in order and ready.However, today I received notice that the seller is wanting to back out because ...
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I see some of my tenants have social security income, but it changes over time. What make it change? Also how long does that social security income last usually?
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Gov. Cuomo is trying to outlaw income discrimination for housing. The bill he is introducing in NY will disallow any discrimination based on a resident's source of income (i.e. Section 8, non-wage income sources). Thi...