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Results (10,000+)
Timothy Franklin Clarifying the wholesale transaction
15 December 2024 | 7 replies
As far as ethically that is part of my nature and I don't care for the aggressive (potentially predatory) strategies discussed by others, but I see value in offering a transparent and convenient service with lower costs and faster turnarounds than traditional MLS transactions. 
Anthony Hillman Nice to meet you all
14 December 2024 | 2 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
Brett Riemensnider Claiming Expenses on SMF During Tax Season
11 December 2024 | 6 replies
If you have not put them into service yet then you may want to hurry up and do that otherwise you’ll have to wait until next year.
Kristie McCleary Can I use a DSCR on a Quadplex?
11 December 2024 | 3 replies
Commercial zoning would be okay as long as the property is considered LEGAL but non conforming. 
Sean L. New Investor looking to network
17 December 2024 | 4 replies
Some mentees will act as a bloodhound for the mentor, knocking on doors, driving for dollars, scouring the internet, making cold calls, or performing other services that help the mentor find new deals.
Victoria Redlin HELOAN or HELOC, (December 2024)
14 December 2024 | 4 replies
With TOU service you charge it at night for 5-7c/kw and use it during the day to arbitrage the price difference. 
Yents Ybrimovic 203K loan new investor question
17 December 2024 | 16 replies
Structuring the Deal with a PartnerWhile your partner cannot directly participate in the loan, there are ways to structure your arrangement to reflect your 50/50 partnership:Option 1: Post-Purchase Equity SaleYou obtain the 203(k) loan in your name as the owner-occupant.After closing, you sell your partner 50% equity in the property via a quitclaim deed or similar legal instrument.Your partnership agreement would outline each person’s roles, responsibilities, and share of profits.Note: Be mindful of FHA’s rules around title changes and ensure this doesn’t violate loan terms.Option 2: Partnership Contribution AgreementYou both contribute to the down payment and renovation costs as outlined in a partnership agreement.Your partner’s contribution could be recognized as a share of the equity in exchange for funding, services, or property management.The partnership agreement would detail how profits, responsibilities, and equity are split.Option 3: Joint Venture AgreementStructure the deal as a joint venture, where you own the property personally (required for the FHA loan), but profits and roles are split per a formal agreement.Your partner could receive equity-like compensation through profit-sharing without being on the title.3.
Justin Lee W9 to 1099 for independent contracts
7 December 2024 | 7 replies
@Justin LeeIf it was for services, you need W9s from everyone.
Heidi Fischer STR Loophole possible buying in Dec 2024?
10 December 2024 | 25 replies
Bonus depreciation is 60% for properties placed into service in 2024 and 40% for properties placed into service in 2025.https://www.biggerpockets.com/forums/51/topics/1113749-cost-segregation-faq
Ben Lindquist Qualified Intermediaries - Any good or bad experiences?
17 December 2024 | 8 replies
Is it segregated (only my funds in the account)- do you have an attorney on staff that reviews exchange docs and keeps them current - what is the typical time for your staff to complete an exchange ( you want to get a feel for if they are understaffed and can they get the work done on your time frame)- how many exchanges do you do a month- what is your errors and omissions insurance through, can I get a copy- what is the amount of your fidelity bond - for each occurrence- what protections are in place to prevent wire fraud- will my funds be used by the company for outside investments (goes back to the type of account funds are held in)- who will be my contact during the exchange (goes to customer service, you want one contact who you can reach by telephone)Investors should keep in mind that it is their money they are placing with a QI to hold for a short period of time and be sure they feel comfortable with the company they choose to perform this role.