Bob Lachance
The Challenges New Realtors and Investors Face and How to Overcome Them
28 January 2025 | 0 replies
Legal and Regulatory HurdlesReal estate transactions involve legal complexities that can overwhelm newcomers.Solution: Learn about legal requirements early on and seek professional advice when needed.
Desiree Board
Sole proprietor, LLC or Corporation?
22 January 2025 | 3 replies
Readers should seek professional advice.
Clifford Pereira
Real Estate Professional (REP) Status guidance
31 January 2025 | 12 replies
Readers should seek professional advice.
Kyle Shipley
New and eager to learn how to start and scale a RE portfolio
22 January 2025 | 5 replies
I am a 37 year old high school basketball coach that is not very happy with where I am financially and am seeking a way out of living paycheck to paycheck.
Summer Shelton
Income from property considered when applying for loan as primary residence
11 January 2025 | 8 replies
If you find someone giving you confused looks, seek a mortgage broker that helps investors.I'm not so sure how they would calculate income from short-term rentals.
Joshua Tucker
Tax breaks on tribal land
27 January 2025 | 4 replies
Readers should seek professional advice.
Felicia Vinces
What makes a good seller financed deal?
28 January 2025 | 3 replies
Key Factors for a Good Seller-Financed DealCash Flow: Rental income should exceed monthly payments (PITI) by at least 1.25–1.5x.Purchase Price: Compare to ARV and market value for fair pricing and equity potential.Interest Rate: Aim for competitive rates; higher rates must still allow positive cash flow.Amortization/Balloon Terms: Favor longer amortization and align balloon payments with your exit strategy.Down Payment: Lower upfront costs reduce risk but should meet the seller's expectations.Flexibility: Seek no prepayment penalties and fair late-payment clauses.Property Condition: Ensure the property’s condition matches terms through inspections.Seller Motivation: Assess the seller’s willingness to negotiate favorable terms.Exit Strategy: Have a clear plan for refinancing or payoff at term end.Portfolio Fit: Ensure the deal aligns with your financial goals and risk tolerance.Vetting multiple deals and consulting professionals is crucial to making sound decisions.
David Robertson
Young Entrepreneur Starting a Real Estate Company – Seeking Advice on Raising Capital
17 January 2025 | 4 replies
Hey BiggerPockets community!
I’m a young entrepreneur in the real estate space, and I’ve recently started my own company. My focus is on raising capital for acquisitions and acting as a general partner in real estate...
Dylan Gomez
Inherited a property and remodeled it now its ready to sell
28 January 2025 | 11 replies
I do not recommend this level of tax fraud as the consequences can be serious.good luck
Frank Pyle
Seeking Advice on Financing an Airbnb/Short-Term Rental
12 January 2025 | 10 replies
My client recently purchased a home with a hard money loan and have successfully rehabbed it for use as an Airbnb rental. It has been operating for 2 months now. Our lender has informed us that we need 12 months of re...