Tessa Tsui
Tenant showing services for our of State landlords
9 December 2024 | 6 replies
You can do all the prequalifying from anywhere via credit check, call references, verify income etc.Make sure you have a handy person, ac person, plumber, etc etc that you can call when you need some work done.
Brittany Farrell
Business Partner Dispute (demanding $125k)
12 December 2024 | 5 replies
Upon requesting this information at the end of October via email, my business partner responded that “as previously discussed” this client was more of a client of her own separate cleaning company and not our shared client.
Maxnbee Nyabende
Midwest- Vertically Integrated Turnkey Company Recommendations
13 December 2024 | 16 replies
There are still deals via the MLS and we sometimes get off market deals to share with investors.
Fakaradin Floyd
Advice on my STR pitch and overall Rental Arbitrage advice (Alexandria VA)
30 December 2024 | 89 replies
I understand the downsides (well not all of it since I am inexperienced) but just like LTR I believe there are risks with any form of investment.Thank you so much for the reply, I see I didn't know it was mumbo jumbo I thought it was "professional" formal talk I wanted to give off the impression of some form of professionality to build a rapport but you're right I should be more straightforward but I want to first ask if they're open to corporate leasing because I will be hosting via my LLC and since I'm going to most likely advertise towards Travel nurses it wouldn't only be on airbnb but on different sites like furnished booking so I wanted to leave it a bit ambiguous so that it can start a conversation rather than have it limited to only being seen as just another airbnb pitch.
Cory M.
Cost to Replace Toilet Fill Valve & Supply Line: Is $365 accurate costs from my PM?
4 December 2024 | 25 replies
Many PM companies make money via maintenance upcharges.
Austin Tess
New property questions!
7 December 2024 | 7 replies
Wisconsin Legal Blank Before the next rental period meaning i would request one sent by current seller via amendment
Andrea Ward
Tax foreclosure on vacant land- liability
4 December 2024 | 2 replies
The neighbor will not let me access it via their property.
Yents Ybrimovic
203K loan new investor question
17 December 2024 | 16 replies
Structuring the Deal with a PartnerWhile your partner cannot directly participate in the loan, there are ways to structure your arrangement to reflect your 50/50 partnership:Option 1: Post-Purchase Equity SaleYou obtain the 203(k) loan in your name as the owner-occupant.After closing, you sell your partner 50% equity in the property via a quitclaim deed or similar legal instrument.Your partnership agreement would outline each person’s roles, responsibilities, and share of profits.Note: Be mindful of FHA’s rules around title changes and ensure this doesn’t violate loan terms.Option 2: Partnership Contribution AgreementYou both contribute to the down payment and renovation costs as outlined in a partnership agreement.Your partner’s contribution could be recognized as a share of the equity in exchange for funding, services, or property management.The partnership agreement would detail how profits, responsibilities, and equity are split.Option 3: Joint Venture AgreementStructure the deal as a joint venture, where you own the property personally (required for the FHA loan), but profits and roles are split per a formal agreement.Your partner could receive equity-like compensation through profit-sharing without being on the title.3.
Orchid Djahangirian
New to real estate and looking to connect/get referrals for agents/lenders
8 December 2024 | 26 replies
I've host monthly REI meetups via Biggerpockets and the local investor Facebook group that I run.
Penny Peng
Preferred equity or common equity in a syndication
13 December 2024 | 10 replies
There is a potential scenario where an outside rescue fund (marketed as preferred equity to new investors) could come into play in many of the projects that appear to be performing especially if they have been paying the pref (via a reserve account stockpiled by over raising funds in the beginning).