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2 February 2025 | 7 replies
A lot of forum members are experts in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, buy and hold investing, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.There are some pretty nice discounts on many products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, the Bigger Pockets blog features links to their fantastic podcast and many great articles: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.
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6 February 2025 | 19 replies
Quote from @Anne Christensen: Unless you have a ton of equity, I wouldn't bother with a legal structure that adds complexity and cost.The odds of you being sued are about the same as being struck by lightning twice.
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26 January 2025 | 43 replies
Now this is with an uncontested legal action..
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20 January 2025 | 19 replies
If it were really for the motive of protecting the people, the people would still have there option and freedom to initiate the action themselves.
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31 January 2025 | 24 replies
Do not rely on it for legal advice.
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7 February 2025 | 1 reply
The contract was a simple 3 page one and I wrote this in.Also, it is a single family being rented as a rooming house (which is technically not legal here).
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28 January 2025 | 8 replies
I’m reminded of a buddy of mine who moved from Brooklyn to Scottsdale.. he initially thought the desert was just cacti and scorching heat, but soon realized there’s a thriving market here with pockets of real oportuntiy.Working with an investor who’s ready to spec build is a fantastic way to dive in.
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2 January 2025 | 18 replies
Maybe they've been burned by landlords in the past and are being very careful.You can legally reject them based on personality, facial tattoos, body odor, or other factors, but you better make sure you can prove that it wasn't based on any protected class like race, religion, familial status, etc.
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28 January 2025 | 6 replies
I wouldn't focus singularly on individual city initiatives/projects and would recommend focusing more on fundamentals.
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24 January 2025 | 0 replies
The refinance step is where you pull out this equity, typically in the form of a cash-out refinance.Here’s how it works:You refinance the property at its new appraised value (after rehab and renting).You take out a new loan based on that increased value, ideally for the full amount or more than what you originally paid for the property.The goal is to pull out enough money to cover the cost of the original purchase and rehab (or even more, depending on the property’s appreciation).This allows you to recover your initial investment, which can then be used to buy your next property.5.