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Results (10,000+)
Rene Hosman How do you do bookkeeping and financial reporting for your rentals?
4 December 2024 | 30 replies
Then coding the p&l can happen. without the Balance Sheet, I don't know if I am missing transactions.
James Wise New BiggerPockets feature; Cross Sell..... What is it?
11 December 2024 | 25 replies
"Cross selling" is _________________:a) When you go to your sales job wearing clothes more typically worn by the opposite gender.b) Just like it sounds: literally selling crucifixes. c) A strategy wherein a business strives to encourage existing customers to purchase adjacent products complementary to an item that the customer has already bought in a prior transaction, or is currently on the verge of purchasing.d) All of the above.
Saika Maeda ADU permit or not; financial implications
20 December 2024 | 27 replies
Saika  While a permit is a hassle, what happens if there was a fire, it burned down, someone got killed and the fire department was not even aware the unpermitted structure existed.
Leon G. Getting out of the rental business after 10 years
10 January 2025 | 67 replies
Because of this, 1031 exchanges make up the majority of all DST transactions.
Jessica Zolotorofe Double Closings in NJ
2 December 2024 | 9 replies
Double closings are no longer allowed in the state of NJ so I've been told by one or two title companies that operate and do a lot of transactions in Northern New Jersey.
Kevin Prasad Seller Financing: need advice on how to pitch
9 December 2024 | 5 replies
Also you would not reduce the price because of the interest payment. that is not how it works.3. yes the note could be sold, but at what type of discount and what if the borrower stopped paying.while there are a lot of posts on seller financing, some estimiate less than 1% of all transaction have seller financing and the ones that do are first position only with an average of 30% down payment - most of these are to people who do not have verifiable income.Thinking you will get conventional financing then seller financing will be uphill battle as the conventional lender most likely will not approve a 2nd mortgage for purchase.not trying to dissuade you, just wanted to provide some key insights so you do not spend 1000 hours chasing something that is impossible to find.
Brandon Eike Looking to get starting with rental property investing
7 December 2024 | 13 replies
@Brandon Eike, on an investment property, most lenders will max out their loan at 75% LTV, which doesn't cover transaction costs, which are usually 5%-8% of the purchase price.
Andrew M. Increasing HELOC on investment property
28 November 2024 | 2 replies
I know it sounds like I'm splitting hairs but some banks write HELOCs in their residential department....which won't write Investment Properties.
Bao Vu Question regarding Tax on a Flip
12 December 2024 | 10 replies
For tax purposes, the profit is calculated as the sale price minus the cost basis (purchase price + renovations + transaction costs).
Brennan Coulter Getting Started - Multi Fam VS. Single fam & Investing
7 December 2024 | 5 replies
Focus on expanding your deal sources, assembling a reliable team, and learning from every transaction to refine your process.Good luck!