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1 July 2024 | 4 replies
Our ideal candidate is someone embedded in and active in the STR space, as subject matter expertise + working with partners and advertisers is a key element of this role.You can find the application here.Working for BiggerPockets alongside our incredible network of employees and contributors has been an incredibly rewarding experience for me, and I'm so excited to be growing our content team.
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10 July 2024 | 256 replies
To assure the maintenance of a high degree of competence, Members should only hire individuals with the requisite amount of education to reasonably perform their job responsibilities and affirmatively train, monitor, reward, and discipline their employees.A Member is aided in attaining and maintaining its competence by keeping abreast of current legal literature and developments, participating in education programs, understanding the uniqueness of issues found in particular asset classes, such as auto, medical, or utility.A Member should not purchase or manage receivables in any asset category for which it does not have adequate knowledge or capability to handle.A Member should act with competence and proper care in dealing with obligors and their obligations.
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4 July 2024 | 11 replies
It's true you get a tax deduction for your mortgage, but you also pay taxes on whatever else you decide to do with that money.I would list all of your known investment opportunities, what you think the after tax returns would be, and a risk level 1-5.If paying the mortgage is a clear standout on that list on a risk/reward basis, I would spread out the $60k over a period of time and apply it to principal.You might have other goals like cashflow or reducing risk which might weight towards paydown also.
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4 July 2024 | 11 replies
I think it's more important to have something to do that is both financially rewarding and emotionally fulfilling, if you can find what that is for you.
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5 July 2024 | 10 replies
Wholesaling takes a lot of effort and time but I've seen wholesalers get rewarded for that effort by taking action.
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2 July 2024 | 0 replies
Leveraging Susan's local market expertise, we secured the property for $90,000.
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2 July 2024 | 2 replies
I just sent you a messageThe house hack is my expertise !
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2 July 2024 | 0 replies
Leveraging Russell's local market expertise, we secured the property for $110,000.
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3 July 2024 | 3 replies
Alternatively, look into renovation-specific loans like the Fannie Mae HomeStyle Renovation or FHA 203K loans as standalone products for rehab costs.FHA 203K LoanPros:Low Down Payment & Bundled Costs: This loan simplifies the process by combining the purchase and rehab costs into one mortgage.Cons:Interest Rate & Refinance Requirement: Higher interest rates and the need for refinancing could reduce your overall return on investment.Fannie Mae HomeStyle Renovation LoanPros:Bundled Costs: Like the FHA 203K, this loan combines purchase and renovation costs, simplifying the process.Cons:Interest Rate & Refinance Requirement: Similar to the FHA 203K loan, the need for refinancing to extract equity and convert to an investment property might add to your costs.I am a loan officer so I have some expertise in this area.
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3 July 2024 | 6 replies
If you do what they want you are rewarded with lower taxes.