Allison Littman
"Church" Purchase Creative Financing
11 January 2025 | 7 replies
Looking for any creative input on how something like this could be structured.Taking part of the purchase price of real estate as a charitable donation and using said deduction to lower your taxes is tantamount to sending a cover letter to the IRS with your return requesting an audit.
Jesse Valdez
HELP***Week to week tenant eviction
12 January 2025 | 28 replies
That means you must give notice of 30 or 60 days when ending the rental, filing an eviction and other things that have to be done to the letter of the law.
Harrison Jones
Seeking Advice: Starting Syndications to Scale a Cultural Heritage Organization
31 December 2024 | 0 replies
That said, I’ve never carried out a syndication before, so I’m looking to hear from those of you who have.1) What was your experience with syndication?
Maxwell Silva
How do I market myself as a new agent?
25 January 2025 | 26 replies
You can mail them any of the following A letter explaining who you are and what you can do for them.A calendar with your picture and contact information on it.A bottle opener keychain with your contact information on it.A pen with your contact information on it.The area you choose as your target area should be a neighborhood that a lot of your social media friends and followers live or do business in.
Vincent Plant
Hard Money Costs Too Much?
13 January 2025 | 15 replies
Even if such a loan existed (which I doubt), once Vincent self funds all improvement costs, finance charges, carrying costs etc., I doubt he's any better off.
Emily Gowen
When to sell vs hold rental properties that have appreciated?
25 January 2025 | 13 replies
We recently received letters 3 years after the fact from the City of Portland.
Jonathan Greene
Are the forums on BiggerPockets getting worse and worse or is it just me?
23 January 2025 | 52 replies
. - I had to tag Nathan there six times because I kept mistyping a letter (they need to update this) You should have seen how hard it was to tag him back when he was just the gangsta Nathan G.
Justin Smith
noise complaints - couple fighting - NEED ADVISE
2 January 2025 | 10 replies
If the complaint is legit, the offender will be cited and you can use that as evidence for a violation letter, termination, or eviction.Second, if the offense is real, I recommend starting with a written warning.
Luis Marin
Sell or Rent How do we identify what is best for us?
4 January 2025 | 5 replies
I carried double the cost on Gas and Electricity to be safe. ==== Projected Income ====**Off Season**-$4,000/Month Rent Period: September - May (7 Months) Projected Income: $28,000**Summer 1**-$8,000/Week Rent Period: June (4 Weeks)Projected Income: $32,000**Summer 2**-$8,500/WeekRent Period: July-September (12 Weeks) Projected Income: $102,000**Optional** (Basement Apartment)-$2,000/Month -Rent Period: Year Round Projected Income: $24,000TOTAL PROJECTED INCOME: $186,000 ==== Operating Cost ====-Mortgage: $84,000 ($7,000/Month) -Utilities: $36,200Gas $6,000 ($500/Month) Electricity $6,000 ($500/Month) Internet $2,400 ($200/Month) Garbage $5,000 (Estimate) Pool $4,000 ($250/Week)Landscaping: $4,000 -Mowing: $2,400 ($150/Week) -Clean Ups: $1,600 (Spring & Fall)-Weekly Turnovers: $8,800 ($550/Week)==== Legal Cost ====Summer Rental Fee: $20,100 (15% of $134K)Sandwich Rental Tax: $6,855 (15% of $45,700) NET PROFFIT: $38,845.00
Nadia Jones
Do Term Sheets or Commitment Letters Show Financial Credibility to Brokers/Agents?
13 December 2024 | 4 replies
Commitment Letter: A loan term sheet shows intent but isn’t binding so that brokers may see it as preliminary.