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Results (10,000+)
Petronella Kerssens Advice needed on purchasing multiple properties in Florida as European investors
23 June 2024 | 11 replies
How you'll manage multiple properties from abroadTax Implications:Consult with a tax professional who understands both U.S. and European tax laws to ensure you're structuring your investments in the most tax-efficient manner possible.Diversification:While focusing on new construction 4/2 homes is a good start, consider diversifying your portfolio as you acquire more properties.
Luis Guerra The 25% property management fee was killing my STR profits
23 June 2024 | 29 replies
With a few cleaners, a handyman, and Costco or Instacart account you should be able to manage 98% of issues in a timely manner.
Ryan Fox Form an LLC to manage property for first rental unit?
22 June 2024 | 8 replies
You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise violating the law in an egregious manner.
Brandon Elliott-Pandey When do you become a Private Lender
21 June 2024 | 11 replies
As others have mentioned, 100K in some markets is doable but in most coastal, appreciation markets, it will not be sufficient to lend in a safe manner, i.e. with a large equity buffer to protect your principal investment.
Scott Morgan FIG - fourplex investment group
20 June 2024 | 33 replies
They are building new fourplex units and advertising compelling cap rates in their pro formas.
Matthew Ray Holding an auction for an assignment contract
18 June 2024 | 7 replies
Contract of course allows the "seller" to market a sale in this manner.
Daniel Colon Lender won't let me move the property to my LLC
19 June 2024 | 32 replies
Both FNMA and FHLMC permit this, under the following circumstances: Notes: For all such transfers affecting mortgage loans purchased or securitized by Fannie Mae on or after June 1, 2016, the transferee is not required to occupy the propertya limited liability company (LLC), provided thatthe mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements.Citation: D1-4.1-02: Allowable Exemptions Due to the Type of Transfer (04/13/2022)Now, you will still have the Note and reporting in your name individually and will still be personally responsible for the mortgage and most likely, the manner of transfer will enable any litigant to pierce the veil of your LLC, but you'll have what you wanted, for whatever reason. 
Mark Svendsen Should I accept an offer or relist?
17 June 2024 | 2 replies
I would say that was worth it.I don't follow your logic that the other appraisal should compel a buyer to go over $3M.If you have seven offers, it is not very likely that you will see a higher offer at this point.
Jim K. For newbies and the BIG MEANIE INVESTORS in the BiggerPockets forums
20 June 2024 | 69 replies
But once in a while, when the BS gets too thick and my eyes start to water from the stench, things need to be aired out and I will disclose these things in private in this discussion to someone who questions that I am who I say I am, or whom I think is not being fully truthful.Man, does this hit in a timely manner.
Alan Goetsch Connected Investors Largest REI Scam on the Internet
18 June 2024 | 121 replies
I tried to discuss this in a "professional & private manner", I gave your people numerous chances to contact me & then I just got mad!