Kwok Wong
How to submit a respectful lowball offer?
7 December 2024 | 9 replies
This will usually lead you directly to low barrier stagnant markets where the cash flow represented in your spreadsheet does not transfer to reality and the most of the equity is "paper equity" because you will never see it materialize yet many look at completing the BRRRR as the ultimate success.I recognize I am using some assumptions but let's assume you have $100k to invest and purchase and renovate a home in MARKET A for $400K but once renovated the home is worth $500K.
Philip Jones
Auction.com (Have you used it)
1 December 2024 | 7 replies
However it is typical to allow the lawyer representing the lienholder (lender) to make an unofficial bid referred to as the "upset price".
Christine Aledam
Time to find a new Accountant?
3 December 2024 | 21 replies
Get a DBA and use to open a business bank account.Have your properties "hire" the DBA to manage your rentals and collect rents.Most states require a lease to identify the owner of a leased property, whether a person, trust, LLC, IRA, etc.Landlord = Lord of the Land = Owner per deedAgent = someone legally representing the ownerProperty Manager = Agent
Bhakti Patel
Hello BiggerPockets Community!
29 November 2024 | 11 replies
Because it's better to hire a professional agent to represent you.
Simon Asselin
Ability to draw (HELOC style) against our real estate equity as a portfolio?
30 November 2024 | 3 replies
Their representative recommended I engage with JP Morgan Chase private banking / wealth advisor as they thought this would allow them to be more creative and include other assets as part of the collateral.
Vivian Huang
Investing in Tulum, Mexico
12 December 2024 | 49 replies
TIAHi Anna,As a buyers representative, developer, and investor in Tulum, I wanted to share some insights to help guide your decision.
David C.
CA AB2992: Allows buyer to walk away from buyer-broker agreement
29 November 2024 | 2 replies
I know I just ratified a transaction where I was selling a new build ( not yet built) and the broker representing the buyer had a very high buyers broker agreement that simply does not work for builders and what we have to do to manage the process.
Marc Shin
Visiting my STR property for the first time ever... What should I be sure to do?
1 December 2024 | 15 replies
I represent a lot of buyers in Tampa, and some hire me for full service PM, limited service PM, and some self manage.
Jerry Shen
Buying RE with Bitcoin
9 December 2024 | 166 replies
Money laundering happens, cash or coins and yes much more(99.5%) is done in regular cash seeing that these coins represent .05% of currency.
Kenny Smith
3 months in, what has ACTUALLY changed....
28 November 2024 | 1 reply
its creating some friction with brokers that are representing buyers Listing agents no change.the commish is becoming a negotiation just like a home inspection..