Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Timothy Franklin Clarifying the wholesale transaction
15 December 2024 | 7 replies
In either case, the wholesaler usually doesn't need to provide their own funds to complete the deal unless they are doing a double closing and need private financing for that purpose.The title company plays a key role in ensuring that the funds are processed correctly and that the transaction is legally and financially finalized, including disbursing funds to the seller and paying any fees owed to the wholesaler, private lender, or other parties involved.Contract with Seller: The wholesaler secures a property under contract, usually with a small earnest money deposit.Find Buyer: The wholesaler finds a buyer (investor) and assigns the contract, earning an assignment fee (difference in price).Closing: The buyer wires funds, the wholesaler receives the assignment fee, and the title company handles the transaction.Costs:Earnest Money: Small deposit.Marketing: Costs to find deals.Funding (if needed): For double closings.Profit: The wholesaler earns the assignment fee.prioritize transparency and value.
Michael Plaks EXPLAINED: can I apply "STR loophole" strategy in December?
11 December 2024 | 15 replies
.- You close on December 10th- The property is in great shape and does not need any significant repairs- It only needs some paint touch-up and changing a couple of broken fixtures, which you do yourself- You spend the next week buying furniture, electronics and supplies and installing/arranging everything yourself- You also roll up your sleeves and scrub the toilets and sinks and appliances- You put it on AirBnB/VRBO and have your first guest renting it for the 3 days of Christmas- You second guest rents it for the following weekend and leaves before NYE- You personally clean and restock the place between these two guestsCongrats!
Max Dauer How Much Time Do You Spend Managing Your STR
9 December 2024 | 7 replies
Sending a personalized greeting to guests when they book, answering their questions, programming lock codes, logging new bookings in my records and notifying my cleaners of them and any requests for early check in, paying cleaners monthly, ordering supplies, updating my listing descriptions about once a week even if it's just a sentence here or there (helps with rankings on the platforms, esp.
Josh Holley Seller won’t return EM
31 December 2024 | 97 replies
My involvement in this dispute of deposit money began and ended in those screenshots I supplied.
Alexandre Boustany Digitizing a Small Real Estate Business
12 December 2024 | 2 replies
Centralized Document Storage with Access ControlHave a secure, centralized system to store, organize, and share all company documents (e.g., contracts, blueprints, reports, scanned records, etc.) while managing access permissions for teams and individuals.2.
Stuart Udis If you are buying lower cost SFH's what is your exit?
9 December 2024 | 20 replies
Supply and demand- if there were demand-, it wouldn't be so cheap.
Jose Solis Where to obtain vacant land loan
11 December 2024 | 6 replies
Could you advise where investors typically secure financing for similar land purchases?
David Rodriguez Medium-Term Rental Vs. Long Term Rental for a 2 bed/2 bath single family home.
10 December 2024 | 16 replies
We focused on 1 and 2 br properties long before MTRs became trendy because they have lower price points, less competition, lower expenses, and while the tenant pool is smaller, so is supply.
Frank Del Corso Sheriff Sale question
13 December 2024 | 6 replies
Secured creditors in order to take the property are to put in a motion to lift the stay.
Terrance Jordan What’s Your Go-To Strategy for Securing Funding in Today’s Market?
2 December 2024 | 3 replies
Also, what’s been your biggest challenge when it comes to securing the funds you need?