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30 October 2024 | 35 replies
The sophisticated money is not buying in stagnant markets with poor fundamentals because they can achieve the 1% rule, can complete a BRRRR or because of more favorable landlord tenant laws exist just to highlight what’s rarely part of their acquisition criteria which is a stark contrast to the mindset of most within the BiggerPockets community.Since your focus is specifically on landlord tenant law component I’ll add those who follow the law, properly maintain their property, respond timely to tenant requests, use well drafted and fair leases and don’t unreasonably withhold deposits find themselves in far less tenant controversies.
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29 October 2024 | 21 replies
There are hardship withdrawal provisions and others that can be exercised if you meet the requirements. 3) If you have access to a workplace plan, like a 401k, with a Roth component, you can consider that as well. 4) If you setup your Roth with a Self-Directed IRA custodian, they can allow you to invest in assets like real estate, private lending, private equity and other alternative assets.
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28 October 2024 | 6 replies
My name is Cam, and I discovered BiggerPockets on Spotify.I bought my first multi-family property about a year ago.
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28 October 2024 | 13 replies
Hey @Marc Shin, so I am a fan of separate components usually, but in this case an all in one is the better choice.We have Ziply DSL at only 12mb as that is the max for our rural lake house and it has been no issues.
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28 October 2024 | 34 replies
A 1031 exchanged property can include 1245 components that are considered part of the "real property" for 1031 purposes if they're affixed to the building (and also up to 15% of the value can be personal property under an IRS rule, such as appliances).
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29 October 2024 | 15 replies
Going forward, the tax escrow component of your mortgage payment increased by $600. $300 is to escrow for the new annual tax bill, and another $300 is to repay the $3,600 shortage that the servicer paid on your behalf previously.
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28 October 2024 | 7 replies
It is probably the most critical component of investing in multifamily.
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27 October 2024 | 6 replies
Actually, damage discovered and properly repaired and disclosed can show the house is in better condition than similar houses, which may have undisclosed or undiscovered issues.
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27 October 2024 | 13 replies
@Marta Wendel: Where you part of his program and discovered this?
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25 October 2024 | 22 replies
I discovered BP about 3-4 months ago after reading Rental Property Investing by Brandon Turner.