Gabe Goudreau
Acquiring Properties With Different Partnership Structures
13 January 2025 | 7 replies
A syndication was way overkill because there were only 5 capital partners so they customized an operating agreement with their attorney that outlined roles and responsibilities, distributions, membership interests, etc.And you don't have to have all this stuff figured out right now; it's very customary for us to assign the contract to whatever customized entity we end up forming.Just one caveat.
Sheila Steubing
REI GAME CHANGERS Reviews James Hodges
17 January 2025 | 19 replies
It is disheartening to witness a mentorship program that boasts substantial financial success, with students allegedly earning substantial monthly incomes, yet fails to ensure that their own employees receive even the minimum wage they are entitled to.
Franky Na
Canadian looking for mortgage options for US property purchase options
17 December 2024 | 3 replies
Yes pretty common, minimum downpayment is generally 25% (occasionally that 20% will work) but just depends on your situation.
Joshua Tucker
Tax breaks on tribal land
16 January 2025 | 2 replies
The specifics usually depend on agreements with the tribal government.
Keith Angell
Seeking Advice on Financing Future Rental Property Projects
17 January 2025 | 8 replies
My thoughts were that this would be a short-term solution.However, the more I think about it, I’m starting to lean toward a cash-out refinance over 25 years, with a minimum payment structure.
Chi Lo
Questions about basement apartment
2 January 2025 | 3 replies
Interested in getting some extra income with converting the extra space in the basement into a rentable unit.Basements in a one-family home can be lawfully rented only if the following conditions are met:Compliance with the Housing Maintenance Code for minimum room size.There is a minimum ceiling height of 7 ft.The walls, as high as ground level, must be damp- and water-proofed if HPD determines that subsoil conditions on the lot require it.The basement is occupied by one family and does not include boarders.Every room must have at least one window.The bottom of any yard or other required open space cannot be higher than six inches below the window sill of any required window in the room.
Shelly Moses
Happy Tuesday, Bigger Pockets Community!!
17 January 2025 | 3 replies
My goal for 2025 is to close a minimum of 1–2 deals per month as I work toward creating financial freedom for my family.
Joshua Simmons
Introduction to myself
17 January 2025 | 7 replies
I am on fire to get going, and to stay on track with my plan I will have to buy minimum 1 property this year.
Travis Boyd
How effective can MTR be with small multifamily properties?
7 January 2025 | 16 replies
Minimum 2 spots for a 3 bed MTR, minimum 3 or a 4 bed (may want to find if there's an overnight parking lot nearby).
Frank Pyle
Seeking Advice from Lenders: Financing for Community Living Home
5 January 2025 | 2 replies
If not, I'm guessing it would be treated as a traditional rental loan, either conventional or DSCR, using market rents rather than the rent in the lease agreement.