10 September 2024 | 7 replies
15 years may seem like a long time, but it goes by quickly and because you took a shorter term for the mortgage, the tenants are paying it down faster for you.
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9 September 2024 | 9 replies
Since she's by far my biggest headache her rent in going to market come January.
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9 September 2024 | 7 replies
Hello everyone,I find myself in a challenging financial situation and would greatly appreciate any guidance you can offer.I have a pending income tax payment of approximately $200K for the year 2023, due by September 10.
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9 September 2024 | 3 replies
Marty,Avoid templates because they are specific to certain factors and by following someones BRRRR you open yourself up to mistakes.
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9 September 2024 | 3 replies
As someone who recently completed my first fix-and-flip project, I can share a few challenges that took me by surprise:Navigating the local permitting process was more complex and time-consuming than I anticipated.
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9 September 2024 | 14 replies
Let me explain that better, imagine your rehab is $100k, you would need to do part of the rehab, maybe $10k, and then you can get the funds for those first $10k reimbursed so you can keep progressing with the rehab.Given your experience, I would recommend you start with a moderate or light rehab, mostly cosmetic work so that you can do it yourself and won't get your profit decreased by hiring third parties.
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9 September 2024 | 0 replies
Hello all legal experts,If someone owns multiple real estate properties and each of those properties are in their own LLCs, then ownership by children or another family member is the question.If original owner passes away, then their children may not be able to operate them.
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9 September 2024 | 9 replies
Here in Utah, I often recommend to my single friends buying a new townhome (we have some awesome new build incentives) and renting by the room.
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9 September 2024 | 23 replies
Every time I enter into an agreement to purchase I have the following: Exclusive irrevocable possession and occupancy shall be delivered to Buyer, Buyer’s Assignees, or Buyer’s Agents at 5:00 PM on the date this agreement is signed by Seller, on the date of Close of Escrow, on ________________, 20______ or no later than ___________ days after Close of Escrow.I have collected my fair share of cash for keys in SS where the lender tries playing God.
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9 September 2024 | 4 replies
Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction2.