Meena R.
Modify ownership of commercial property from personal name to LLC
26 November 2024 | 5 replies
This would require tenancy in common which lenders typically won’t allowTransferring ownership from personal names to LLC is straight forward with a deed transfer and re-assigning the tenant leases.
Stevie Kim
Money Pit Could Have Been Prevented?
27 November 2024 | 2 replies
Here's what I've learned:Inspections Are Non-Negotiable: Always get a full inspection, but don’t stop there.Plumbing & Sewer: Have the plumbing and sewer systems checked specifically, as these are common problem areas in older homes.Electrical System: If the inspector flags any electrical concerns, bring in an electrician during the inspection phase for a detailed evaluation.
David Ounanian
What are common landlord expenses, and who covers them?
16 November 2024 | 3 replies
When managing a rental property, here are some common maintenance expenses to be aware of.
Hamed Rahimi
What are the best property management software/tools you use?
25 November 2024 | 12 replies
Quote from @Hamed Rahimi: With so few properties, you'll spend more time learning how to use the tools than you will save from using them.Software is a common question on BiggerPockets.
Melissa Odom
DCSR, LLC, and Trusts
3 December 2024 | 15 replies
https://www.biggerpockets.com/...12 Frequently Asked Questions (And Answers) About DSCR Loanshttps://www.biggerpockets.com/...8 More Commonly Asked Questions and Answers to DSCR Loanshttps://www.biggerpockets.com/blog/eight-questions-and-answe...What Documents Do You Need for a DSCR Loan?
Ilya G.
Using cross-collateralization as a method of down payment
28 November 2024 | 10 replies
Not every lender may do it that way, but that will likely be the most common method.
Tanya Maslach
Creating an LLC: state where properties are located
29 November 2024 | 12 replies
If you live in California, the FTB still wants its $800 per LLC, no matter where your properties are.Question B:When it comes to setting up an LLC, here are three common approaches:1.DIY Approach:In most states, you can set up an LLC yourself for less than $100 in filing fees, depending on the state.
Andrew McManamon
Investing in Bitcoins
9 December 2024 | 98 replies
Then it is going to be a tsunami of sellers and a bunch of idiots on the news crying that they got ripped off by much smarter people who at some point will decide they've made enough money off the commoners that it is time to dump it.
Jorge Vazquez
I am wondering about a "sewer scope." Thoughts?
25 November 2024 | 18 replies
We have expansive soils here (clay that expands when it gets wet) as well as some older cast iron lines and even some orangeburg so it's common to see sewer line issues (often just some tree roots that need to be cleaned then the line re-scoped).
Ashley Mierez
Why don't agents and investors like wholesalers??
26 November 2024 | 25 replies
I wouldn’t think those are common numbers.. if you’re buying properties at 26K regularly that’s a different story.