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23 September 2024 | 21 replies
Some people dont even intend to get that many however if you are trying to maximize 10 from each partner/person then you'd try to qualify and hold title separate for your own 10 prperties (10 + 10 = 20 total properties).You can also look at credit aspects as well but typically lenders will use the lowest of the 2 middle scores (3 scores per person but will use the middle score).So the most important aspects are the income to qualify for the loans in the case of full documentation loans.
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23 September 2024 | 3 replies
Scammers may even go as far as creating fake W-2s or other tax documents or advertise fake tax credits to lure in taxpayers to share their sensitive information.Text, Mail and Phone Schemes: Scammers are targeting tax professionals and taxpayers through phone calls, text messages, and even fake AI generated IRS letters.
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23 September 2024 | 2 replies
Before contracting on the lot, you should check with the local municipality to verify building requirements, current code requirements, list of required documents, surveys, soil tests, engineered plans, etc.Once you have identified your lot and finalized your estimate its time to build.You or your GC will get the permits.For the final build, there are 2 ways to build, as either a cost plus, or fixed price project.Hope this helps, let me know if you have additional questions.
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22 September 2024 | 5 replies
I trust documentation over references from people.
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21 September 2024 | 7 replies
I didn't submit the question but that's good advise.
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20 September 2024 | 23 replies
I'm not the one to promise anything as I am not one of the very talented producers at BP, but please submit your info through the link biggerpockets.com/guest and we keep inquiries on file for the future too!
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27 September 2024 | 48 replies
On top of that, it's hard to manage a growing portfolio if it's across different markets - something as menial as receipts and documents for tax filing needs to be super organized.
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27 September 2024 | 40 replies
Ask for documentation that justifies these alterations.It's essential to feel confident and informed throughout the lending process, so don't hesitate to advocate for yourself and seek out advice or alternative options.
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23 September 2024 | 10 replies
Overlooking Minor Repairs: Small issues like broken window locks, missing handrails, or leaky faucets can lead to inspection failures.Incomplete Documentation: Always have the necessary permits and contractor receipts for renovations and repairs.Neglecting Lead-Based Paint Testing: If your property was built before 1978, it may contain lead paint.
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20 September 2024 | 28 replies
@Bryan Melendez what do you mean by "My goal is to submit a couple of landlord applications" ?