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25 October 2024 | 26 replies
As a realtor, I review these financials all the time and I find them more misleading than helpful.
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24 October 2024 | 5 replies
Leverage my expertise to connect with top-tier, peer-reviewed real estate professionals and discover the best funding options available on BiggerPockets.What You Can Expect from BiggerPockets' Concierge Service:Personalized Assistance: I'll ask 6 to 10 questions to fully understand your strategy and timeline.No Hidden Fees: Enjoy this complimentary value-packed service as a thank you for using BiggerPockets.Powerful Tools: Using BiggerPockets’ advanced Finder Tools, I’ll conduct an in-depth search and, with your approval, connect you with investor-friendly agents, lenders, tax professionals, and property managers.
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25 October 2024 | 11 replies
@Pat McQuillan have you reviewed IRS form Schedule E?
24 October 2024 | 5 replies
Since there is even less documentation to look at/review with this, pricing is a bit higher than your typical DSCR LTR/STR product, however, there are numerous ways you can structure the deal to make certain the #'s work for you.
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24 October 2024 | 5 replies
Common expenses include:- Attorney Fees: Legal assistance for reviewing contracts and ensuring compliance can vary based on the complexity of your deal.- Title Insurance: Protects against potential disputes over property ownership.- Appraisal Fees: Necessary to determine the property’s market value.- Closing Costs: This can include various fees related to finalizing the loan, such as recording fees and settlement costs.Inspection Fees: If required, this ensures the property is in good condition before purchase.It’s a good idea to discuss these potential costs with your lender upfront to get a clearer picture of what to expect.
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23 October 2024 | 5 replies
I have read mixed reviews as to what I can ask the prospect; if you have any advice it would be greatly appreciated!
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18 October 2024 | 29 replies
Then if that bad review with a response is surrounded by many good reviews, it will usually get overlooked.
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25 October 2024 | 2 replies
The home buying process typically follows these key steps:Assess Your Finances: Review your credit score, savings, and determine how much you can afford for a down payment and monthly mortgage payments.Get Pre-Approved for a Loan: Work with a lender to get pre-approved, which gives you a clear budget and shows sellers you’re a serious buyer.Find a Real Estate Agent: Partner with an experienced agent who knows the local market and can guide you through the process.Search for Homes: Browse listings and visit properties that fit your criteria (location, size, price, etc.).Make an Offer: When you find a home you like, submit an offer through your agent, including contingencies (financing, inspections, etc.).Home Inspection & Appraisal: Once the offer is accepted, hire an inspector to ensure the home’s condition and the lender will order an appraisal to verify the property’s value.Secure Financing: Finalize your mortgage by submitting required documents and ensuring the lender clears you for closing.Closing: Sign the final paperwork, pay closing costs, and receive the keys to your new home!
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25 October 2024 | 8 replies
Hello Tatum, I'm reviewing the Beginner's Guide now.
24 October 2024 | 18 replies
Pick a well known landlord tenant attorney in the area, have them review and edit your lease accordingly, and tell you how to handle this situation properly.At the end of my lease I have a clause that states if one clause in the lease is found to be invalid or unenforceable, it doesn’t effect the rest of the lease.