Jesse Edwards
Sharing my Latest Creative Financing
23 June 2024 | 3 replies
Normally, the cap on seller concessions is 6% of the sale price, but that’s not the case for commercial loans.Here are the trade-offs:5-year stepped prepayment: A typical residential loan at this price point isn’t allowed in the state, but with commercial, those rules are different.20-year amortization: This means higher payments, but it forced me to ensure my deal works under strict terms.Interest rate: It came in at 7.9%, not stellar but still good.Overall, I’m pretty proud of this deal.
Ann Pi
Trump Tower Las Vegas
22 June 2024 | 2 replies
When they don’t share the numbers proudly, it is usually a negative cash flow situation.
Russell Taylor
Cashing out inherited ira to buy real-estate
24 June 2024 | 9 replies
Also thanks to all the people that participate in the BP platforms.
Giles D.
Syndication deals gone sour and the GP is now radio silent! What can I do?
28 June 2024 | 100 replies
I was and still proud that Lane can upgrade his identity from BP single-family landlord among us into syndication.
Danielle Cook
New to investing and excited to learn!
22 June 2024 | 2 replies
Just start reading, listening, and participating and figure out what niche you like best.
Victor Valencia
Title insurance claim regarding Easement dispute
23 June 2024 | 7 replies
BP should consider improving this policy to encourage more inclusive participation.
Luis Guerra
The 25% property management fee was killing my STR profits
23 June 2024 | 29 replies
As a dedicated BiggerPockets member and an active participant in various real estate ventures, I was merely seeking to gather the necessary information to explore a potential new business opportunity.
Milton Chamberlain
Kansas City MO NEW Source of Income Discrimination Ban Ordinance
22 June 2024 | 17 replies
I didn't read the full doc yet, but was there any verbiage about a landlord having to participate/sign up for section 8?
Gwyeth Smith
Classifying Spouse as Real Estate Professional
22 June 2024 | 20 replies
It should be noted that qualifying as a real estate professional doesn't guarantee rental real estate income will offset other net taxable income.It just allows a taxpayer to apply the material participation rules to rental real estate for a non-passive/passive determination.Consult your tax CPA/EA.
Angela Crockett
MLS listing "Assumable Mortgage"
21 June 2024 | 3 replies
All FHA / VA loans are assumable but the seller may not want to participate due to it be a longer process and may not be ideal if there is a huge gap in price since you can only assume how much they owe at the lower rate .