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29 October 2024 | 1 reply
If so, why not partner with someone else that can help you fund the deal, either 100% or have your money partner fund 20% and a commercial bank fund 80% then flip it and split the profits w/ your money partner at whatever split you all think is most fair?
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30 October 2024 | 35 replies
The sophisticated money is not buying in stagnant markets with poor fundamentals because they can achieve the 1% rule, can complete a BRRRR or because of more favorable landlord tenant laws exist just to highlight what’s rarely part of their acquisition criteria which is a stark contrast to the mindset of most within the BiggerPockets community.Since your focus is specifically on landlord tenant law component I’ll add those who follow the law, properly maintain their property, respond timely to tenant requests, use well drafted and fair leases and don’t unreasonably withhold deposits find themselves in far less tenant controversies.
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4 November 2024 | 34 replies
A straightforward response like, 'Thanks for your interest, but we’ll need confirmation that the buyer can cover the full (or close to full) listing amount,' seems fair.
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29 October 2024 | 11 replies
I'll then list my properties on the high end of whatever I think fair market rent is.
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31 October 2024 | 29 replies
Is it fair?
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29 October 2024 | 5 replies
Per fair housing regulations, I can't answer this question.
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29 October 2024 | 2 replies
I would only hire out for major work I can't do myself or emergency repairs.I've dealt with older houses before and the house may be fine for occupants but there's still usually lots of things that can be fixed / improved so it seems a house that isn't perfect would give more opportunities for ongoing maintenance of this sort.To me it seems fairly straightforward to meet the time requirements but I think I need to have extensive documentation?
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1 November 2024 | 48 replies
Schedule C is needed ONLY if the owner provides significant services for the occupants' convenience, other than the space rental and to maintain the property.
30 October 2024 | 10 replies
Some fair criticism for sure.
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29 October 2024 | 9 replies
Just giving out free stays near yearend will not help in maintaining customer stays.