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Results (6,070+)
Dave E. How to get my wife interested in RE?
24 July 2020 | 61 replies
You get her interested by sharing some results now.Use some of that Cashflow (after accounting for all the standard things PITI maintenance, vacancy, capex etc) and take her to a romantic dinner.Next year, use some proceeds for a vacation-maybe only a weekend getaway, whatever tje CF can support.Be transparent that the rentals are paying for it.
Abel Curiel Connecticut (CT) agent who can help another Realtor out!
10 June 2020 | 5 replies
I have a property to sell in Guilford, CT and I am training a brand new agent of mine to sell this - therefore, I am not looking for a listing agent.I'm aware that all the incentive for someone to help me may have gone out the window but I just want to be totally transparent
Matt Cianci Long Distance Landlord - Avoiding Management Companies
19 June 2020 | 20 replies
The other is a shooting star that looks pretty for a while, will burn out soon, ruin your reputation, and eventually you will run out of suckers to swallow.I choose a sustainable, transparent, AND profitable business model.So I guess it all boils down to personal preferences. 
Kenny Diggs Help needed figuring out the next almost right move please?
11 June 2020 | 3 replies
I am reaching out to the Big Pockets Community humbly and full transparency for your knowledge, experience and support.Here are my vitals: the two properties are in my name, the condo is worth over $350K, the row house is worth over $250 both conservatively, they have at least $150K in equity and both are cash flowing very modestly and I have a fico score over 620.I am cashed strapped, had a low credit score, didn't have the knowledge and didn't make the time to move forward.
Daniel Hankins Conversation for the future of humanity
22 April 2020 | 2 replies
We should instead work together to build a solution that ensures the moral support needed to get to a better place in life.I think the way the whole organization is structured will also provide another sense of accountability towards each other.Create a “Flip to Own” plan that lets future tenants be more involved with the initial renovation between occupants.Create a transparent “Monthly Operation Payment” that includes:An investment buy in (market value amortized over 30 years @ current market rate + .3%).Taxes & insurance (will also need renters insurance).Utilities (goal is to have a history of avgs, but will be paid as billed).Any cost associated with labor support for “Property Stewardship Guide” (basic cleaning and lawn care).Repairs and Maintenance budget (.1% market value, any expense related to maintaining current market value/ rent ready condition).Capital Expenditures- Major repair budget (.1% market value, any expense related to increasing market value and capital expenditures).Good neighbor assistance dues (.1% market value, covers accounting costs and assistance access).Create an app that makes monthly property management an easy habit.Pull information from Property Stewardship GuideIt keeps track of all the costs that determine the monthly payment, including utilities.It has a checklist of that months maintenance tasks, based on the standards of the GNA, that ensures the most effective life of the property.Have a portal to submit rent payments, using paypal or similar services.Build in an option to apply employee wages from the GNA as rent payments.Have a profile page with all the important dates and documents.Leverage these managing residents to build a coalition of labor support for the rest of the properties under the GNA umbrella.If they are all employees of the GNA non profit, then we can distribute benefits including healthcare, retirement savings, etc.Create a rolling pay scale:Offer work in exchange for equity ownership in other projects.When the current managing resident is ready to move, they can either cash out remaining repair budgets and equity, or leave their equity in and share the profits with GNA equal to their equity share.The managing resident will partner in the process of getting the house back to full market standards.Use the stockpiled repair budgets to fix their respective categories.Use built up equity if repair budgets don’t cover that cost.The remaining repair budgets will be applied as a direct principal payment.If the managing resident wants to cash out, then the GNA will buy back the property at the current market price.Both parties will pay their traditional closing costs if applicable.If the managing resident wants to remain an equity partner, then the title is changed to reflect that business relationship, and the managing resident receives monthly payments equal to their share of rental profits or interest payments of the next resident.Previous managing residents must create and manage their own LLC.If the previous resident has more than 50% ownership in the property, then they are in charge of managing the property.The monthly payment for the previous residents equity will be equal to their percentage of ownership times either the interest earned from the next resident’s purchase, or from the profits if it is run as a traditional rental.
Madhav Thaker New investor in LA looking to get started
25 April 2020 | 1 reply
Just so I'm transparent, here are my near term goals/current questions:Goals:1.
Diana Lugala Real Estate Investor Mentors
29 April 2020 | 28 replies
@Diana Lugala Hi Diana, I’m not sure if you are on Instagram, but there a couple of investors that I follow that produce a lot of content/mention what to look for as a real estate investor and are transparent with how they make their money.
Brett Mason How did you guys get started in RE investing?
27 May 2020 | 12 replies
I chose crowdfunding because it gives more control and transparency and may be easier to track how the individual properties are performing.
Josh Servo Not screwing over a property manager
11 May 2020 | 9 replies
@Josh Servo nothing wrong with being transparent about your intentions and start building that relationship now.
Raphaël C. Investing in the US as non resident and living abroad
12 July 2021 | 13 replies
Some others (France for example) apply taxation on global income, with tax treaty only insuring there is no double taxation (you still pay the highest possible tax).In the case of France, owning houses directly or through a fiscally transparent LLC results in your having to maintain a set of accounts for the IRS, and then another set of account for the french tax authority, following french rental income rules.This means that it makes sense to own directly a house from Hong Kong, whereas owning a property for a french beneficiary is best done through an opaque entity (i.e., an entity that has its own accounts and files for tax separately).