Shelly Moses
Happy Tuesday, Bigger Pockets Community!!
17 January 2025 | 3 replies
Just know that it is a "no days off" kind of business and very mechanical.I would suggest documenting your process via video so that eventually you can bring people on to replace the different hats you will be wearing.Keep in mind of these 5 components of any wholesale business.lead generation, deal sourcing, underwriting, marketing, transaction coordination.
Jason Sung
Water leak at a bathroom and insurance claim (Safeco)
15 January 2025 | 6 replies
Using LVP was a smart choice—it holds up well when wet and is cost-effective to replace.
John Clevenger
AI Intigration in Real Estate
30 December 2024 | 6 replies
It will not replace humans in any shape or form, opendoor tried it, listing spark tried it, they are the two worst companies to deal with.
Carlos Lez
Tenant's cosigner asking to break lease due to medical reasons
14 January 2025 | 9 replies
Let the tenant vacate, and you have one month to find a replacement before you incur any losses.
Ilia Zakharav
Convert 6 unit multifamily into condos, 1031 after
9 January 2025 | 2 replies
Of course when doing the 1031 exchange your basis will carry forward into your replacement property.Where you have a potential issue is establishing your intent to hold those properties but immediately selling one or more them as soon as you have them ready.
Daniel M.
Mid-term rental research- What should I look for?
9 January 2025 | 6 replies
You might try corporate housing by owner, or try getting in contact with some insurance companies for replacement housing, or traveling work-crews, etc.
Adrian Rae
"Sale Conditions: 1031 Exchange" - What does this mean for buyer?
26 December 2024 | 14 replies
Yes, that makes perfect sense, especially in such a large transaction to find the replacement property.
Brad Kanouse
IRA funds as down payment
16 January 2025 | 17 replies
It’s a bit risky unless you’re sure you can replace the funds, but it could work for short-term needs.4.Roll into a 401(k) and Take a Loan: If you have access to a 401(k) plan (Or can start one for a business you run), you could roll your IRA into that plan and take a loan against it.
Chris Kay
How Far Does $50k Go for Rehab?
15 January 2025 | 14 replies
Maybe $8500 if I have to replace the appliances.
AJ Wong
Property Insurance crisis will supercharge climate migration in 2025 and beyond
11 January 2025 | 2 replies
The average homeowner is estimated to be underinsured by 40% based on replacement costs and that doesn't include the interior contents and assets, many of which are in the multi and even mega millions.