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22 November 2024 | 15 replies
I usually ask prospective tenants how handy they are, and I don't want to be called coming here to change a light bulb.
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21 November 2024 | 6 replies
Because typically when I put a house up for sale, I will get a call from an agent that has (allegedly) a buyer, and they ask "are you willing to pay me 3% (or 2.5%)" and i usually work out something that works for both parties.But I wonder...is the buyer now responsible for paying their agent?
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20 November 2024 | 6 replies
Lower prices usually mean less attention to details, slower communication and most importantly additional fees.
19 November 2024 | 1 reply
Ensure you research local market conditions to ensure your fee aligns with property values, usually aiming for $5–$20k or 5–10% of the property’s ARV.
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20 November 2024 | 6 replies
However they requested a 5 figure EMD and we usually try to close with one in the 4 figures.
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16 November 2024 | 32 replies
I usually just post a quick "Welcome to BiggerPockets and good luck investing" or something along those lines.
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20 November 2024 | 8 replies
If not, the lease might renewal for another term (usually a year) or it may go to a month to month tenancy.
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25 November 2024 | 32 replies
Everyone is out there thinking Doctors are geniuses and ironically they are usually the biggest dummies in the room.
13 November 2024 | 5 replies
In general, if there's nothing in zoning or the deed restrictions prohibiting the division of the property, it's mostly just getting it resurveyed and presenting the new subdivisions to the local government (county usually) to have each lot recorded as separate parcels.
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21 November 2024 | 4 replies
The answer is usually obvious if you can take the tax hit, but in your case assuming 5-7 years away from needing/wanting to distribute money to yourself, this is a decision you need to make with your tax advisor.