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Results (10,000+)
Ryan Diehl Refinancing or keep current heloc
20 January 2025 | 3 replies
is it enough to carry you into your next projects while maintaining enough access to keep your current real estate operating smoothly?
David Jesperson Fix and Flip First Experience
17 January 2025 | 5 replies
Don't split the work between multiple contractors if possible, finding one to do all or most of the work will keep prices down.Challenges were finding replacement pieces for certain items as manufactured homes were very different than stick built as well as going through state guidelines for affixing the house to the land
Adam Aero To renovate basement or not for appraisal?
1 February 2025 | 5 replies
Some townships will require certain items, like an escape window if below grade or a walkout to be installed.
Steven Catudal Partnership split help
20 January 2025 | 11 replies
Some items might hold more weight than others, but you guys should sort through that together.You also might just do the partnership deal by deal - sometimes jumping into a partnership before you have officially worked together is NOT the best idea...
Jermaine Washington Tenet has abandoned property without paying rent.
13 January 2025 | 11 replies
If there are items of value left behind, or even personal items of sentimental value, I will follow the abandonment rules to a "T" to avoid any legal issues.
Justin R. Who has moved from QBO to Rentastic (or other RE based software)
27 January 2025 | 17 replies
RM is plenty robust to handle the items you mentioned.  
Jim Stanley Worth it to use insurance for a repair.
23 January 2025 | 9 replies
I always carried high deductibles and insurance was more about catastrophic events.   
Kenny Bao Advice on Off-Market Apartment Strategies
29 January 2025 | 9 replies
This would allow for a longer carry back with up front cash flow.
Denise Carringer Owner financing payment tracking app?
21 January 2025 | 18 replies
You can see these charges added into your payoff demand by line item.
Nate McCarthy How to approach landlord about buying their rental?
13 January 2025 | 12 replies
This could be an opportunity to add value by offering to help with clearing or relocating those items as part of any potential agreement.Why This Could Be a Good Move for YouYou see long-term potential in the property, especially with the large lot and development possibilities (even if those are years down the line).As the current tenants, you have the advantage of a direct relationship with the landlord and familiarity with the property, reducing competition and risk.This could be a chance to lock in a property that you might otherwise lose if it hit the open market, especially in today’s competitive environment.Challenges to ConsiderIf the landlord is emotionally tied to the property or reliant on rental income, they may be reluctant to sell.Financing could be tricky, especially with today’s interest rates and the gap between the current rent and what a conventional loan might cost.The development potential you’re interested in is likely a long-term play, which means the property could be financially tight in the short term, especially if you’re only breaking even or slightly negative on cash flow.Structuring a Potential DealTo make this feasible, you’ll likely need to explore creative financing options that align with both your financial capacity and the landlord’s goals.Seller Financing: Propose a deal where the landlord acts as the lender, allowing you to make monthly payments directly to them.