Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Wade Wright Paying for Project Management
7 July 2024 | 8 replies
If that is the role you are looking to file I'd think you would be paying between 5-10% of project cost.If you are actually looking for this PM to hire subs, write contracts, schedule, order materials...essentially acting as a GC....I would expect you to be paying between 15-25% of the project costs.I can't speak specifically to your market, but those are some ball park percentages based on my experience here in Chicago.
Daniel Tkach Rehab estimation costs
8 July 2024 | 16 replies
The contractor is basically doing a home inspection and then writing up an estimate .
Manuel Llanas VA Home Loan Benefits- Information and more
7 July 2024 | 5 replies
Some real quick items here:VA Loans are for Primary HomesYou can use VA Loans for 1-4 unit properties (House Hacking)VA Loans have 0% downpayment (most of the time)You can have more than 1 VA loan (some people don't know that)VA Loans do carry a "funding fee" which is like a little "tax" to write the loan, but it is waived if you are a disabled veteran.VA Loans do not have PMI (and that's a huge benefit for us)VA Loans also have a very streamlined refinance feature (called a VA IRRRRL) which makes it super easy to refinance if rates were to fall (hopefully that will occur in the future)VA Loans can also be used by a surviving spouse.The VA may not give us the best health benefits but they can certainly get us into debt!
Caitlin Jones Rehab went over budget, now stuck.
7 July 2024 | 10 replies
In the VAST majority of good rental markets function is MUCH more important than form (aesthetics).
Louis Fernandes Seeking Advice from BiggerPockets Community: Loan Direct LTD Legitimacy?
5 July 2024 | 8 replies
Given the last commenter's advice about waiting for someone with experience to chime in the first time, that someone has to take a risk... the issue is that there is a high likelihood it will be either a loan-to-own lender looking to obtain functioning properties or a scam.If it's true, they would have SO much business; whatever funds they have available, they would be empty in 1 month or less because that would be the best deal in town if it's true.
Andres Ruiz Advice on Previous Fire Discovered in Inspection during Purchase of a Property
6 July 2024 | 21 replies
Ask for that amount of a discount for forgetting to disclose the fire. 3) you should be able to walk anyway as your inspection contingency came back unsatisfactorily. 4) is there really any structural damage or did they just leave behind charred by functioning lumber?
Navid Sadighi How should I continue to grow my dad’s portfolio?
9 July 2024 | 22 replies
You are likely going to have to spend more time helping your mom and better to enjoy the quality time you have left with your dad.Go through each property and write out what it brings in, expenses, etc and rank them as to the one you want to get rid of first.
Jamall Lynch CaPex Budgeting Costs
8 July 2024 | 20 replies
The proper way is as you said write down your capex expenses and lifetimes and amoritize it down to a month.
Nathan Gesner Do you support reusable credit checks?
8 July 2024 | 18 replies
If now Im using my Transunion Service, using Fico version 8, and someone gives me an Experian report with FICO version AutoScore 4, then comparing the 2 is meaningless.Though Im sure legislators writing these laws have very little idea you could have 48 different potential scores that are all still FICO scores. 
Dan Green Subject to on a VA loan
7 July 2024 | 12 replies
The owner of that property in question cannot restore his full VA entitlement until such time as the VA loan is paid off in full.Further, even if you gave him the 3.5% down on FHA, his DTI will still be hit with the payment on that VA loan, almost certainly killing his next home purchase before it even gets going.And if he gives up on homeownership, all the future potential landlords are going to see that mortgage on his credit, and likely consider him unqualified for the rental unit.Unless someone is going to write a check to pay that VA loan off in full, this is a predatory activity and the victim is the owner of the home in question, given his goals and the proposal on the table.Do the right thing.