David Rutledge
SBA loan for small hotel
1 February 2025 | 13 replies
If you meet the bank's other requirements, then SBA will come in with 35-40% on top of the bank's 50% to lower the down payment to 10-15% (depending on property type).In our case, the previous owners had run the place as a part-time hobby, so the historical P&L's looked like crap.
Esther Iroko
Tenants not paying rent
1 February 2025 | 23 replies
Most eviction processes begin with some type of notification.
Praveen Kumar
Rent to retirement
1 February 2025 | 9 replies
They sell a 4 unit for close to 1 million dollars close to Jacksonville. they want 250k or 300k down. there's no upside. you can google the properties on biggerpockets and there isn't a lot of satisfaction. it's a slow return and get rich slow strategy. our focus is always as a builder to add maximum value, lower cost as low as possible, build and rent and build and sell the same product and raise prices to help investors out. we have a large market share and large purchasing power in our market in columbus ohio. the one strategy I never liked about turnkey new build brokerage companies like them and build2rent or others is they don't really build close to urban centers and most are single family homes. the numbers don't work on single family homes. if single family was the way to go more companies would be doing it. but by far the most common type of new construction built is three story walk up apartments.
Angus Brooks
Tax Implications for Refinancing a Property in an LLC and Distributing Funds
16 January 2025 | 12 replies
It also requires different reporting of that separate interest expense on the K-1 each year so the partners know they have the obligation of tracing that interest expense to however the partner used the distributed proceeds.I typed all this up and realized Mr Brooks has left the building and posted this 6 months ago, but hopefully someone else will find this useful!
Jeanette Land
Help with adding to my profile
13 January 2025 | 14 replies
And lastly, what type of property do you want that next one to be?
Hellen Sut
Start buying a house as our own residence
2 January 2025 | 1 reply
What made you interested in investing in this type of deal?
Nick M.
Scam/fake inquiry of vrbo property ??
31 January 2025 | 26 replies
It isn't the most crazy type of fake booking we have had but a simple reply to them via the VRBO platform with a list of nearby amenities wouldn't hurt.Sometimes I am surprised by guests grammar and word usage.
Justin Silverio
BiggerPockets + Invelo - Here's what you get
9 January 2025 | 43 replies
What type of persona is Invelo's platform catered towards?
Eddie Gonnella
Airbnb Hosting as an Individual or Business/Brand? Building to sell/transfer
16 January 2025 | 40 replies
So I'm trying to have a "built to sell" type mentality here.
Eric Maxwell
1st time landlord
9 January 2025 | 1 reply
What made you interested in investing in this type of deal?