Jimmy Jeter
New construction, 75% done. About to run out of money
28 January 2025 | 11 replies
I would be very concerned about someone holding the 50k deposit for finish work at the end..
Ji Yang
Has anyone done business with Four Peaks Capital?
19 January 2025 | 56 replies
So when we did not receive any response to our emails for several days, this naturally triggers concerns and emotions.
Basit Siddiqi
Investing in Spain: Good idea for non-residents(Americans)?
23 January 2025 | 31 replies
I lived in Madrid, Spain for about 8 months and I am curious if it is possible for non-residents to successfully have rental properties within the country.My concern is mostly from a tax standpoint and whether it makes sense.My research shows that Non-residents of Spain(but a resident of Europe) pay a flat rate of 19% on NET RENTAL INCOME.Non-residents of Spain(Not a resident of Europe, such as the USA) pay a flat rate of 24% on GROSS RENTAL INCOME.The difference of paying tax on Net and Gross is huge.Americans are not able to deduct expenses such as mortgage interest, taxes, insurance, cleaning, repairs, etcA pro that I can think about when it comes to invest in Spain is that overall costs are less - Mortgage rates are currently around 4% - 4.5% while it is around 6.5% - 7% in the US.Am I reading the tax law correctly?
Farnaz Z.
How to screen a tenant without a social security number?
13 January 2025 | 4 replies
Just be sure to clarify that she isn’t a leaseholder but is authorized to reside in the unit.If you’re concerned about liability or want more peace of mind, you could ask the primary applicant for additional security, such as a higher deposit, depending on what’s allowed under Colorado law.
Jerry Velez
Wholesaling a Family Member’s Home
5 February 2025 | 17 replies
Why even concern yourself with the legality if it’s self serving and harmful to your family member?
Kristen Swan
Asking Tenants for further information after being approved. ( I'm the Tenant )
20 January 2025 | 1 reply
The fact that you cannot find much information about their LLC is not a concern.
Jeffrey Bourque
Found a Deal but Not Sure
27 January 2025 | 7 replies
I will not know that until I climb under the house and into the attic etc... for inspectionThe area is close to things and is not in a indicated crime location and has a very nice open lot area on the corner with it but again assuming the tenants stay and lease I am looking at that as a smaller issue..Thanks for bringing up the concerns but I have tried to do my due diligence but do not really know is the analyzing aspect has missed something major.
NA NA
Short Term Rental Questions
12 January 2025 | 7 replies
I just don't want to buy that close to the water due to flooding concerns.
Axel Scaggs
Looking to invest- Choosing between three locations
2 February 2025 | 9 replies
My only concern to look out for is that things can go 'rural' pretty quickly if you start venturing outside of town, and most lenders are going to put the brakes on financing if the appraisal lists the property as 'rural' (has to do with what they perceive as the availability of future tenants).Watertown, NY - It probably is as good as you believe, but the lending licensing is pretty tricky up there, so its just bit more difficult to find lenders that operate up there.
Rob Hilton
Dynamic Pricing leads to Accusations of Price Gouging in JT
29 January 2025 | 11 replies
It's this exact concern I have with dynamic pricing when I posted a few weeks ago about the RealPage lawsuit:https://www.biggerpockets.com/forums/530/topics/1225872-long...I'm sorry you're going through this.