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14 January 2025 | 4 replies
Provide copies to all parties involved.This project-specific agreement works well for one-time jobs, but if you plan to work with subcontractors regularly, I highly recommend having an attorney draft a Master Services Agreement (MSA) for your business.
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22 January 2025 | 21 replies
.- Taxes: While the 10% penalty is waived, the withdrawn amount will still be subject to regular income taxes.This can be a useful way to access funds for a home purchase, but keep in mind the tax implications and the potential impact on your retirement savings.
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7 January 2025 | 8 replies
Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.
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5 February 2025 | 29 replies
.- It may take longer to find a tenant buyer compared to a regular renter.Let me know if I have missed something.
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23 January 2025 | 10 replies
I have 30+ units and on a regular month usually only spend about 5 hours total on management things, most of which involves collecting rents and bookkeeping.
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7 January 2025 | 1 reply
Let's say there's 3 properties in a 1-mile radius with 5b/3b, but one is a foreclosure and the other 2 are regular conventional sales.If you're doing a comp for your subject (4th) property, do you have to take the foreclosure one into consideration?
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19 January 2025 | 147 replies
After a few additional email interactions that same day, your DoC stated "I do not have an answer for you.
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10 January 2025 | 4 replies
Might be an additional cost there.If units are updated, capex items look good, leases and tenants look solid, and there are no other regular expenses besides the 5200 in insurance/property taxes then I like this deal.
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4 February 2025 | 87 replies
It usually takes a quarter of the time to manage a lease option property versus a regular rental.
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8 January 2025 | 10 replies
And that's not even taking into account the regular tenant BS.