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28 October 2024 | 7 replies
Quote from @Jenni Utz: This looks like an AI post, which is not allowed on BP.Please write fresh content with your own words from your personal experience.
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27 October 2024 | 8 replies
The good thing about househacking a legal multifamily unit is that lender allows you to use the vacated units of 75% market rent as an income to offset the potential current mortgage.
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30 October 2024 | 236 replies
One solution would be to allow licensed brokers to follow the wholesale business model (=allowing wholesalers to be licensed), but I can't see lawmakers go for that; consumer protection concerns.
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28 October 2024 | 23 replies
It’s probably a smart move that you did not allow the seller to talk you into closing prior to having access/possession of the property.
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31 October 2024 | 25 replies
again this is my perspective I was the largest HML in Jackson market from 03 to 08 and lived there for one year cleaning up all the foreclosures I had from failed landlords in 09 I lived out at Reunion which is great neighborhood but you not allowed to rent homes there..
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27 October 2024 | 8 replies
., while John has a lot more experience than I do, and no real estate investor wants to be a restaurant operator, there are some upsides to Option 1, as I see it.The lower base rent could allow the Option 1 tenant to remain open throughout a recession, while option 2 may decide to close down the sales drop, if rent is too high.But beyond that, are a lot of factors that I would assess:Who is the actual guarantor on each lease?
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28 October 2024 | 7 replies
And even though virtually every sponsor agreement allows me to share investment information with others who might be advising me on it (especially when club members are bound by an NDA), I still ask the sponsor if I can share it, because it's a test.
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26 October 2024 | 50 replies
Do you allow pets?
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26 October 2024 | 1 reply
We got the price to a much more reasonable amount, allowing the seller to finally sell it, and passing on a good deal to the end buyer What was the outcome?
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26 October 2024 | 0 replies
Or, if possible, sell them (but I'm guessing that selling the units to owner occupants is probably not allowed and that they must remain rentals for the 30 year period).