10 February 2025 | 8 replies
If you now want to or have to sell, you need proper documentation from your purchase, you may have an uncooperative original seller, maybe you didn’t get title insurance and there is a problem and so on.
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23 February 2025 | 39 replies
Because most owners of commercial properties are highly seasoned and have net worth of 8 or 9 figures and the ones who DO NOT often have counsel from very experienced people in the business to guide them properly when they want to sell.Commercial is more relationship driven dealing with higher numbers millions to tens of millions or more.Wholesalers might occasionally get a smaller commercial property but often at inflated prices.Experienced sellers can see through the wholesalers GAMES.
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6 February 2025 | 28 replies
Sometimes you are able to undo a sale or ask for compensation when you are misled in official documents.
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22 February 2025 | 10 replies
Just because you hire someone to do a job (sadly) doesn't mean that they are doing it or doing it properly.
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4 February 2025 | 9 replies
Like any financing strategy, due diligence and proper financial planning are key to making it a successful solution for both parties.
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18 February 2025 | 21 replies
The metro area added the population of Cincinnati, Cleveland, and Columbus in 14 years (city proper population, not MSA but that's still a crazy stat).
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28 February 2025 | 16 replies
Obviously each deal is unique and requires proper due diligence.
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27 February 2025 | 10 replies
Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.
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27 February 2025 | 11 replies
To minimize taxes, ensure all deductible expenses—such as materials, labor, and loan interest—are properly documented.
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30 January 2025 | 8 replies
Hi @Tamara White Welcome (officially) to the BiggerPockets community!