Ryan Mcpherson
Rent out house and bleed for a while or sell it and hemorrhage once?
16 January 2025 | 23 replies
You'd probably want a real estate attorney familiar with creative transactions to help with the documents.
Grace Norton
Help! Need advice - screening my first tenant
27 December 2024 | 9 replies
Get a bank statement to cross-reference their paychecks as most employers now direct deposit.You'll also see if they have a savings history or are living paycheck-to-paycheck.If they are not paying rent right now and have no savings, how well do you think they'll be able to adjust their budget, so they can pay rent on time?
Karin Recalde
Purchased property listed and sold as a triplex just found out from city it is a SFH
17 January 2025 | 27 replies
It is a transaction between a buyer and a seller.
Sean Barnebey
Exploring a Seller-Financed Motel/RV Park Investment Opportunity – Advice Needed!
2 January 2025 | 4 replies
The combination of multiple income streams (motel rooms and RV spaces) and its location near outdoor recreation and a nearby urban center makes it an intriguing deal.I have experience as a broker working on RV park and mobile home park (MHP) transactions, and I’m currently working on deals in this space.
Manuel Angeles
Eric Spofford Section 8 Course
7 January 2025 | 27 replies
Interest only loans allows them to get a goal profit of $500-$600 per month per property.3) Each acquisition would require 20-25% down at an 80-100K purchase price. 4) Closing costs, and the Eric Spofford turn-key transaction fee of 10K would be in addition to the down payment and were not included for the purposes of calculating the cash-on-cash return.
Michael Nguyen
Due on sales clause...Has anyone experienced this?
31 December 2024 | 2 replies
Maybe if you are doing several transactions a month they would look at it.
Mike Terry
Port Huron, Saint Clair County and the Thumb Coast of Michigan
25 December 2024 | 4 replies
We had a client that bought in Port huron and then ended up selling their property because they went through 3 PMCs and gave up trying to find a great one:(Some copy and paste advice below:--------------------------------------------------------------------------------------------------------Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
James McGovern
How to unlock opportunity for 108 Acres in Carlisle South Carolina
15 December 2024 | 12 replies
It does have some road running through a portion of it and it does have the railroad running along the border.
Kevin Hoover
Limited partnership to TIC - Can a child get joint property without capitol gains?
1 January 2025 | 4 replies
Working with a CPA experienced in real estate transactions is essential here.If I were you, I’d call some attorneys on Monday if this is something you’d like to move quickly on.