Elionay Imbert
Who is excited for BPCON2024!
30 September 2024 | 24 replies
If you have any questions about the agenda, please don't hesitate to end me an email - conference@biggerpockets.com.
Elizabeth Rose
Where to buy fully furnished properties for STR and MTR?
1 October 2024 | 12 replies
I attend about 10 conferences a year and they have the money to advertise and pay for the booths.
Michael Plaks
EXPLAINED: "Real" cost segregation vs. DIY cost segregation
30 September 2024 | 9 replies
What they will do if your DIY-ed cost segregation is audited is they will send you an engineer (you pay travel costs) to conduct a "real" cost segregation study and present it to the IRS instead of yours.5.
Brandon McCombs
Ohio - if a co-tenant moves out whose responsibility is it to ensure lease is updated
1 October 2024 | 12 replies
Possibly should have done something about the deposit but everything that happened with him moving out was essentially conducted without notice to me and it's hard to say now whether I even found out he wasn't there within 30 days of his actually moving out.4.
Mary Umoh
Advice Needed on Converting Single-Family Home Zoned RM-1 to Multifamily in Philly
30 September 2024 | 8 replies
I haven't conducted a variance myself but I often hear about investors delegating that work to a specialized attorney familiar with the scope of work.
Natalie Johnstone
Delaware LLC / Cali purchase
30 September 2024 | 8 replies
In this case, you would generally be required to register your LLC as a foreign entity in the state where you're conducting these activities because the income is active, not passive.Gray Areas:Hybrid Cases: If you are managing the property actively (e.g., handling leases, repairs, tenant relations directly), some states may view this as doing business and require you to register.Ultimately, it is state-dependent, and some states may have stricter definitions of what constitutes "doing business."
Nida Kazmi
Mid South Turnkey Homes. Should I invest with this Memphis turnkey?
2 October 2024 | 31 replies
Hi Nida,I'm a bit late to the party but better late than never I guess lolIn the search bar here on Bigger Pockets or even a Google research will reveal a lot of info about certain companies.I'd always like to joke around and say that "Google is your best friend" when looking to work with someone new lolI'd like to second Jason's comment who has been around the turnkey game for a long time and has probably conducted due diligence on many if not all turnkey providers over the years.Not many have stood the test of time and I'm proud to say that we have.Not intending to plug my company as we have many battle scars that started from day 1.But still here and still battling away 🤓Why we survived and thrived unlike many others was keeping our operation small and boutique and only doing deals on our terms.Low volume sales and thorough investor pre-qualification (As not everyone that has a pulse is necessarily a good fit for what we can provide).Some investors did better than others but one thing I can happily say is that we always did our best for all.I believe a very important component to any "true" turnkey company is that the penny ultimately drops must drop with them.Meaning, if you invest and things don't go the way as planned it is entirely up to them to rectify.No finger pointing or passing on the monkey to someone else (Like a realtor, contractor or PM).A true turnkey company stands behind it's properties, rehabs and in-house property management.Key phrase here is "in-house property management".Everything must be under the same roof and the provider must take all responsibility for the outcome of that investment.Wishing you much success
Austin Snyder
Land Contract/Agreement for Deed instead of Novation for quick Flip
29 September 2024 | 8 replies
Insight on Your Proposed PlanTitle Search and MemorandumTitle Search: Conducting a title search is a good idea regardless of the structure to ensure there are no outstanding liens, claims, or legal issues that could complicate your plans.Memorandum: Filing a memorandum or recording the contract with the county provides some protection by clouding the title and ensuring your equitable interest is recognized.
Adam Hoeker
Managing the Finances
27 September 2024 | 15 replies
Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.
Jon Zhou
Ashcroft capital: Additional 20% capital call
9 October 2024 | 312 replies
Read your PPM and operating agreement. you may want to understand that now as if fund 1 is doing a call, many are thinking subsequent funds willI am curious, someone mentioned at best ever conference that a large MF syndicator was talking about how they would continue to buy assets using variable rate loans - I am curious if it was this sponsor?