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7 January 2025 | 1 reply
When finished, I re-financed and paid back all my friends and family + interest in 10 months!
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11 January 2025 | 7 replies
Use your RE background and make sure zoning allows and there are no hidden grandfathered requirement if it switches use.Sounds like you have the $600,000.
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9 January 2025 | 2 replies
Basic staging with an agent usually means they give you insight into how you should:Declutter and depersonalize by removing photos and personal itemsArrange your furniture to improve the room’s flow and make it feel biggerAdd plants, move art, or re-arrange other accessoriesFull-service staging is another option if your house needs more hands-on attention.
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6 January 2025 | 6 replies
Several of my investor clients have dealt with similar situations in North Carolina, and here’s my take based on those experiences.First, you’re right about the legal framework: NC landlords must make reasonable efforts to re-rent the property, but tenants remain liable for the rent until a new tenant is found.
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14 January 2025 | 19 replies
Upon passing these checks, we can use a state-based lease template or re-use one we've already adapted with our specific lease requirements.
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15 January 2025 | 13 replies
Look at this post re: TurboTax specialists :)https://www.biggerpockets.com/forums/51/topics/1226092-remin...
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9 January 2025 | 28 replies
Take the advice from @Nathan Gesner and @Bud Gaffney and learn as much as possible BEFORE buying RE.
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8 January 2025 | 34 replies
@Jenna SchulzeAs a newbie investor with limited capital, I’d invest close to home.Invest in areas you know well.I’ve been in the RE industry since 1978 and people always ask me:What’s the best market to invest in?
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14 January 2025 | 18 replies
Despite the inability to claim depreciation or avoid certain taxes, many investors appreciate the control an SDIRA offers, allowing them to invest directly in real estate and other alternative assets they are passionate about.I do not recommend buying tax-efficient assets like RE in the already tax-efficient IRAs.
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10 January 2025 | 20 replies
and if you're re-financing after rehab, can you do it via another DSCR?