Justin Wroblewski
Turning an FHA Loan into an investment property
3 May 2018 | 4 replies
Hi @Justin Wroblewski, the only exception to the one year primary residence occupancy requirement that others brought up is if something came up that you could not have reasonably anticipating, necessitating your move. - Mom living in California just got diagnosed with Stage 4 brain cancer, and you want to be there with her for her final months, will work. - You decided you wanted to increase cashflow because you want to be a real estate investor, will not work.- Anything in between, best to check with a lawyer.
Account Closed
Contractor pricing - negotiating jobs
15 March 2018 | 0 replies
There typically needs to be some extenuating circumstance that necessitates the price change - like a change in the scope of work or an error on my part in estimating the job.In the past few days I have quoted on 8 different jobs.
Jimmy S.
Water Leak and tenant is complaining about mold and moved out
11 July 2018 | 26 replies
If you insist on staying or squeezing me for money, I will hand this over to my attorney to not only protect me from your unfounded charges but to seek reimbursement for the floor replacement necessitated by your negligence.Please notify me - in writing - of your intentions."
Ryan Sun
Should I sell mortgage points right now?
7 November 2023 | 4 replies
Based on my understanding, purchasing points typically necessitates holding the mortgage for 5-6 years to reach the break-even point.
Dwight Rigel
Should I paint/carpet with tenant still occupying property
15 April 2017 | 7 replies
A new lease has not been provided or signedyet and I mentioned that those items would necessitate an even higher rent on the new lease if we could come to an agreement.I told them I would give them options shortly.
Cal C.
Poll how much money has BiggerPockets made for you?
14 April 2019 | 205 replies
I'm not saying you're wrong, clearly you have been very successful, but to me the risk mitigation factor alone necessitates having some kind of money partner.
Jason D.
What to do with 10k
30 June 2016 | 19 replies
You NEED the float.Second issue, which actually alleviates the problem, is that God invented creative finance for a reason, and this reason is - if you have limited cash floats, keep them...and figure out how to get the property with nothing down.Interestingly, the side effect of thinking along these lines is that the process necessitates that you get better deals, and that you are much better educated - both are good :)Good Luck, Jason!
Drew Wiard
Questions about a Subject to deal in Fort Wayne, Indiana
5 January 2021 | 18 replies
However, never done a Subject To.....just never had a case that necessitated it.
Phil Wells
Will people leave cities post COVID 19?
12 July 2020 | 196 replies
Fall, winter..who knows.i used to rent in chelsea when my company paid for it a studio for over 2k, it was about 200sqft, couldnt fit on the toilet without my head touching the door (it was slanted to fit into the apartment). i started buying in NJ, Hudson county condos and 2 families in 2016 when all my friends thought its a joke to move to jersey. what others said, esp in NYC, luckily the shift is now necessitated, due to millenials trying to afford some place to live (cant do it in Manhattan, even a studio is 400k), and covid makes them want more space, maybe a backyard?
Bradley Smotherman
Started 2015 by Spending $15k on Marketing
16 December 2017 | 71 replies
Third, it is easier for me to pick up property for cash at this price point, if the deal necessitates it.