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Results (10,000+)
David B. “Live In” Flip Advice!!
14 January 2025 | 10 replies
If I have a fixer listing, I have an obligation to put it in the MLS because of this. 4.
Felicia Vinces What makes a good seller financed deal?
28 January 2025 | 3 replies
Key Factors for a Good Seller-Financed DealCash Flow: Rental income should exceed monthly payments (PITI) by at least 1.25–1.5x.Purchase Price: Compare to ARV and market value for fair pricing and equity potential.Interest Rate: Aim for competitive rates; higher rates must still allow positive cash flow.Amortization/Balloon Terms: Favor longer amortization and align balloon payments with your exit strategy.Down Payment: Lower upfront costs reduce risk but should meet the seller's expectations.Flexibility: Seek no prepayment penalties and fair late-payment clauses.Property Condition: Ensure the property’s condition matches terms through inspections.Seller Motivation: Assess the seller’s willingness to negotiate favorable terms.Exit Strategy: Have a clear plan for refinancing or payoff at term end.Portfolio Fit: Ensure the deal aligns with your financial goals and risk tolerance.Vetting multiple deals and consulting professionals is crucial to making sound decisions.
Jacob Havlovick Duplex House Hack
22 January 2025 | 8 replies
@Jacob HavlovickBigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
Robert Williams Tenant Request to Refund Pet Deposit for the Holidays —How Would You Handle This?
3 January 2025 | 12 replies
They may also feel obligated after this gesture to try and make rent on time even going through a hard time.  
Mary Jay How to get HELOC/ or other type of loan on a rental?
21 January 2025 | 6 replies
I am sorry, I am not good with a financial lingvo, could you please clarify? 
Jonathan Greene Are the forums on BiggerPockets getting worse and worse or is it just me?
23 January 2025 | 52 replies
Or you get the feeling the members think its an obligation to answer them with full details of how we make money in our business's, Like write their bizz plan for them. 
Kwanza P. Anyone with success setting up and then investing in real estate via an LLC/IRA?
29 January 2025 | 9 replies
Many people choose NOT to have this, because the administrator will then vet every investment you make to ensure you do not invalidate your IRA.Invalidating your IRA means that you've done a prohibited transaction and the entire account is then deemed as distributed to you.If you don't want checkbook control, then I recommend a plan administrator such as Equity Trust - www.trustetc.comIf you are sure that you're aware of all the rules around prohibited transactions and disqualified people (who you can and can't do business with), then a plan administrator like Sense Financial would be a good place to start talking.  
Paul Whitehurst Bank is declining my HELOC - HELP!
18 January 2025 | 9 replies
I understand this is a good way to become financially secure over time and am eager to start.  
Jerry Nogueras NYC Residents- Which areas outside NYC have you seen the most success for rentals?
27 January 2025 | 6 replies
Quote from @Michael Smythe: @Jerry NoguerasRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Miles Williams Happy to have Found BP!
4 February 2025 | 6 replies
My Name is Miles, currently living in Arlington (DFW Area), I've always had intentions of at some point getting into real estate, now at 40, and finally at a place financially that it is feasible, I'm planning on spending the next 6-8 months learning all I can (and then rest of my life continuing learning lol) before taking the FIRST plunge.