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20 February 2025 | 4 replies
Hi Evan from Sayville, NY-You asked about whether a lender would pay real estate commissions and closing costs with a short sale.I negotiated a lot of short sales after the Great Financial Crisis.Short sales are similar to dealing with a bank owned property accept the bank is trying to avoid taking it back so the terms, specifically an acceptable purchase price, have to be negotiated.The thing I found that was important to negotiate was the lender agreeing to settle without further recourse for the seller.
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9 February 2025 | 5 replies
Consider reaching out to a local Rental Owners Association to connect with experienced hosts, gain valuable insights, and access resources that can help you navigate property management more effectively.
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17 February 2025 | 4 replies
Hello everyone,I live in Greensboro and I’m trying to decide what is the most financially wise course of action.
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22 January 2025 | 3 replies
Prioritize your financial stability.
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8 February 2025 | 3 replies
Additionally, there was no business license registered in the City of Atlanta.Suspicious Communication: The individual identified as Chris Anderson had a heavy foreign accent and provided convincing but dubious claims about the company's legitimacy.Questionable Financial Arrangements: Upon loan approval, the wiring instructions directed the loan fee to a Capital One checking account under the name of a supposed loan facilitator—a 85-year-old woman in Florida.
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4 February 2025 | 4 replies
@Max Briggs I would recommend checking out the landlord resources tab on BiggerPockets.
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10 February 2025 | 5 replies
If you ever have questions on landlord software or student housing, I'm a great resource!
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29 January 2025 | 10 replies
Recommend 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?
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22 January 2025 | 9 replies
BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.