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+)
Cameron Fowler First Flip Financing / Low Cash
30 January 2025 | 6 replies
No need to rush it. 
Evan Glasco Duplex Deal: Owner Finance to Long-Term Hold
2 February 2025 | 0 replies
No I drew up my own contracts and filed the paperwork myself
Sami Gren WHAT to do when adding a tenant to an existing lease?
7 January 2025 | 16 replies
Suggested to do that earlier than later, so there is no liability on a tenant who is not on the lease paper.
Andy Wang Should I sell my note? 1.2M @ 8.5% for 4.5 yrs
27 January 2025 | 7 replies
Here are some general guidelines: Lien Position1st Position LienEquityMinimum Down Payment of 20-25% (a 30% equity to sale price is preferred)Down Payment made in certified funds and not borrowedMaximum Funding of 70% ITV (Investment to Value)SeasoningMinimum of two monthly payments already made12 months or more preferredPayer CreditCredit Score of 650 or higherNo major derogatory trade lines (No 90-180+ days delinquent, foreclosure, repossession, bankruptcy, etc.)No decline in credit since purchase of businessTermsPrefer 60 months or lessMaximum of 72 monthsNo Balloon Payment preferredCash FlowBusiness has positive cash flow1.25 debt service coverage ratio preferred.DocumentationPersonal guarantee from a creditworthy individualStandard documents including Note, Security Agreement, and UCC-1 filing.Tax Returns on the business that substantiate profit and loss statements.OtherPayment history current and verifiablePayer Interview indicating buyer is satisfied with business and comfortable making paymentsMotivation for selling the note is not a result of a deteriorating businessConsideration of high risk businesses or geographic areasIn these situations, sometimes a partial is a better option. 
Peter Marriott Problems with our Current Rental and Deciding Whether to Sell or Not
5 February 2025 | 3 replies
If you've gotten most of the work done already, no worries.
Clifford Pereira Real Estate Professional (REP) Status guidance
31 January 2025 | 12 replies
Meeting the 100-hour material participation rule qualifies your STR income as active as long as no one else participates more than you, This will allow losses to offset W-2 or other active income.While there’s no official IRS form to track hours, maintaining a detailed log is essential in case of an audit.
Amir Portal Help whit choosing a neighborhoods for BRRRR strategy
28 January 2025 | 10 replies
I would say get to no many neighborhoods.Also not much in 200K range any more.$300K is the new $200K.