Andrew Erickson
Made in China: California Licensed Manufactured Homes
17 October 2024 | 21 replies
As long as the manufacturer home meets the state code then should be fine.
Galvin Mendoza
Galvanized Plumbing to copper for a 3 flat
15 October 2024 | 5 replies
It leaches chemicals into the water, does not last as long as copper, rats chew through it.
Austin Bright
What is the most cost effective & reliable SMS marketing
16 October 2024 | 15 replies
As long as your opt-ins are legitimate and you are able to verify the number you're sending from, you shouldn't have any issues: https://www.webfx.com/blog/marketing/sms-software/
David Kanarek
Beware of Norada Capital: Caveat Emptor My Fellow Small Investors !!!
24 October 2024 | 88 replies
That's because they identify with most egregious crooks at the top of our society and believe that it's ok to defraud and steal and do crimes as long as you are a "big shot", it's just not ok for "low lives" to do the same.
Rene Hosman
Exciting News for the BiggerPockets Community: RentRedi Shines on the 2024 Inc. 5000!
15 October 2024 | 5 replies
I tell my applicants that as long as their info checks out and their application is accepted that I will reimburse them the fee as a credit toward their first months rent just because I don't like to nickel and dime people, but that's a personal preference.
Mario Casarez
What's Bigger Pocket's view on IG Gurus like Thach and Jake....
24 October 2024 | 55 replies
And as you pointed out all of the information is readily available for free or nearly free as long as you are willing to put in the effort.
Dana Brash
401k funds comingled with other investor cash
13 October 2024 | 5 replies
., kitchen renovations), it's generally allowed as long as it doesn’t directly benefit you personally.If you need tailored tax advice, we’re here to help.
Caleb L.
Is it legal to bird dog in Texas without a license?
16 October 2024 | 17 replies
@Caleb L.I would say it is fine, so long as your job is not just to find a property for an investor by middle man communications between a broker and the investor for a small payment (pretty much what a broker does).
Berry Starnes
short term rental loophole question about existing rentals when purchasing
14 October 2024 | 3 replies
If you start self-managing in January and continue through the rest of the year, you should definitely be able to satisfy that requirement as long as you’re more involved than anyone else (including contractors and property managers).
Jack Lee
Multifamily Analysis Recourses?
15 October 2024 | 15 replies
Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.