Jason Sung
Water leak at a bathroom and insurance claim (Safeco)
15 January 2025 | 6 replies
Insurance typically covers only the directly damaged area, not undamaged flooring, even if it's continuous.
Morgan Vien
I live in CA and am buying a rental property in OR. Advice on LLC + Taxes
27 January 2025 | 8 replies
If the LLC and its income are entirely outside California, it typically does not require registration with the California Secretary of State (SOS) or payment of California Franchise Tax Board (FTB) fees, even if you reside in California.
Pierre Tran
Advice Needed: Options to Cash Out My Equity Without Disrupting a Seller Carry Deal
13 January 2025 | 1 reply
You typically offer it to your partner first to see if they will buy you out.
Paul Stewart
Debunking the Easy Money Myth
24 January 2025 | 4 replies
It's people who understand that it takes effort to become successful, typically from CA at this point, and have a way of showing those characteristics, do best.
Daniel Medellin
Buying 1 acre and dividing it into multiple lots for long term rentals
4 January 2025 | 4 replies
BUT, get a solid quote on utilities.
Andrew Self
Mortgage Lenders for LLC
18 January 2025 | 11 replies
Mortgages for LLCs with personal credit under 680 are tough and expensive, and under 640 are typically not really economically practical for the borrower.
Noah Bacon
BiggerPockets Pro Partner Update - Stessa!
15 January 2025 | 49 replies
I would like to utilize my Stessa Pro Perk but I don't want have to create a new account.
Jack Townsend
One Brokerage BRRRR Loans
6 January 2025 | 7 replies
-Max LTARV is typically 75% -Is a 12-24 Month Interest-only loan with a balloon payment - Minimum credit score is typically 600 -Interest on the Rehab is usually paid per the total drawn amount.
Jacob Dalton
Should Cook County be a "No Go" Zone for Single Family Rental Investment?
22 January 2025 | 12 replies
We have regular evictions at this scale and they typically will take a few months up to six or seven months if the tenant contest/hires an attorney.
Troy Parker
Renting your first rental to a friend
26 January 2025 | 11 replies
Ensure you collect a proper security deposit (typically one month's rent in Florida) to cover potential damages.Your plan to increase rent next year makes sense given rising costs (taxes, insurance, and maintenance).