
27 September 2024 | 4 replies
Here is a standard clause from the Columbus Realtors you can use to protect yourself:111 Investment Property Purchase ClauseThis Offer is contingent upon Buyer’s satisfactory review of all leases, rental agreements, deposits, past _______ years’ income and expense reports and within ___________calendar days after acceptance of this offer.

27 September 2024 | 11 replies
Like you, I was concerned about potentially triggering a due-on-sale clause with the lender.However, I spoke with my lender, and while he confirmed that technically this could trigger a due-on-sale clause, he also mentioned that in practice, it’s very rare.

26 September 2024 | 7 replies
I agree with this high level (Private Money = Individual, Hard Money = Company Non-Turnkey Product).I've been begging (mostly to no avail) for better clarity and definitions here for these to avoid confusion - BiggerPockets IMO has a HUGE opportunity to set and create the "gold standard" universal definitions of loan types with just a little initiative.

25 September 2024 | 1 reply
But it’s most important to have the practicality and shrewdness to see and take advantage of it.

27 September 2024 | 10 replies
Since I list some of my (very few - I only have 3 residential units and my commercial ones are all managed by others) units every 2-3 years, I forget how to do it, and even standard operating procedures change a lot at that frequency, rendering them much less useful.

25 September 2024 | 1 reply
Demolition and Property Safety:If a home doesn't meet safety standards after a tornado, the process for demolition typically falls under local government jurisdiction.

24 September 2024 | 3 replies
I was wondering if anyone knew of a different part of Texas that has a good ratio of cheaper Housing and Higher payment standards for the section 8 program.

26 September 2024 | 32 replies
It might be work just looking for deal analysis practice to see if you get closer to a number that works.

27 September 2024 | 14 replies
Even my best rentals I bought in 2019 wouldn't meet those standards. 1% rule, or certain metrics for cap ex and maintenance etc might not work in todays market unfortunately.

25 September 2024 | 2 replies
I'm a college student, and I plan to start investing in multifamily homes once I graduate, and I recently started looking at deals on Zillow just so i can practice underwriting.