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29 January 2025 | 21 replies
To expand a little on what is mentioned the underwriter's guideline, a DIL does not extinguish subsequent liens, so if the borrower has judgments against him/her/it that attach to the property, the DIL grantee takes title subject to them and may have difficulty getting them released later without payment.
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29 January 2025 | 107 replies
Like I mentioned in my previous post getting a PM who will actually manage your property properly will be very hard.
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15 January 2025 | 3 replies
You simply wait until you find the right one.
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6 January 2025 | 38 replies
Account Closed and like I mentioned earlier, we found out about their shenanigans very quickly, so only a handful of people contacted them, and we immediately removed them from our referral list.
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8 January 2025 | 6 replies
Should I do these 100-200k deals and just start now or should I save up more money and wait and try to make bigger multifamily deals in these bigger markets later on?
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17 January 2025 | 7 replies
I can't wait to continue to hear more about your success.
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21 January 2025 | 6 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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5 February 2025 | 56 replies
My experience I am mentioning?
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24 January 2025 | 13 replies
Never pay an upfront fee.You didn’t mention your state but understand that with little exception, an NMLS registration is only required for consumer-purpose loans.
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28 January 2025 | 8 replies
Just want to mention that sometimes it works out better to raze an existing property down to like 2 studs and rebuild around it so that it still is classified as a remodel versus a complete new build.