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3 February 2025 | 37 replies
Hated it so much, that they gave me variances that nobody had gotten in 20yrs in the area to knock it down and redevelop the site.
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14 January 2025 | 2 replies
(https://www.mynd.co)One of my co-workers at my last job (pre-covid times) used to work\invest with them, so I had probably registered on their site back then.
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4 January 2025 | 1 reply
Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an “investment” property so I’m new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?
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15 January 2025 | 12 replies
We have a site through our PMS (Streamline/BizCor) that facilitates the bookings through a site.
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13 January 2025 | 1 reply
I'm new here to the BiggerPockets site.
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15 January 2025 | 5 replies
This also makes it eligible for bonus depreciation (60% in 2024) or Section 179 deductions if criteria are met.However, if the RV is permanently affixed to the campground site and functions as part of the real estate, it may fall under residential property classification and depreciate over 27.5 years.
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14 January 2025 | 4 replies
I found what seemed to be a great property with a house for an STR and other space that I could expand for camping/RV sites and a barn that could be converted into a venue for events.
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19 January 2025 | 51 replies
Then they give you a random login/password for that site that you'll never remember and can't change.
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18 January 2025 | 19 replies
Lesson: Keep a nice house and inspect before the inspector.Inspections then occur annually and you don't get paid if your property fails until you pass again.
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21 January 2025 | 11 replies
@Drew Sygit @Gregory Schwartz From this HUD map it is 17 States/DC, and another site says 22 States which may reflect some more recent updates.