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11 February 2025 | 13 replies
This could be an opportunity to add value by offering to help with clearing or relocating those items as part of any potential agreement.Why This Could Be a Good Move for YouYou see long-term potential in the property, especially with the large lot and development possibilities (even if those are years down the line).As the current tenants, you have the advantage of a direct relationship with the landlord and familiarity with the property, reducing competition and risk.This could be a chance to lock in a property that you might otherwise lose if it hit the open market, especially in today’s competitive environment.Challenges to ConsiderIf the landlord is emotionally tied to the property or reliant on rental income, they may be reluctant to sell.Financing could be tricky, especially with today’s interest rates and the gap between the current rent and what a conventional loan might cost.The development potential you’re interested in is likely a long-term play, which means the property could be financially tight in the short term, especially if you’re only breaking even or slightly negative on cash flow.Structuring a Potential DealTo make this feasible, you’ll likely need to explore creative financing options that align with both your financial capacity and the landlord’s goals.Seller Financing: Propose a deal where the landlord acts as the lender, allowing you to make monthly payments directly to them.
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26 February 2025 | 7 replies
I do not know the best category to put this, so please point me in the right direction
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29 January 2025 | 27 replies
We live in San Diego so would be long-distance, TBD if we self-manage or enlist a PM.
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29 January 2025 | 11 replies
But as long as its not directly in the flight path, it will be okay.
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4 February 2025 | 6 replies
Can I call the city directly to file a complaint?
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12 February 2025 | 2 replies
Unfortunately I was told they could not give us the full $8k for some reason but credit us $6k which was awesome plus the $2k directly mailed check from the seller.
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15 February 2025 | 7 replies
To answer your question directly: a person should apply (whatever that means in your process) before being asked to screen.
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4 February 2025 | 13 replies
This allows you to report the rental income and expenses directly on Schedule E of your joint tax return, simplifying your tax filing process.
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18 February 2025 | 7 replies
I am new to BiggerPockets, so if I am in the prong place please point me in the right direction
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5 February 2025 | 18 replies
if they are pressuring you like this.PLEASE watch the American Greed Episode on Remmington Financial .not saying these guys wont or don't fund of course.. but when I do my deals with my banks its common that I pay for the phase one and the appraiser directly..