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31 January 2025 | 9 replies
Quote from @Steve Wortman: Currently the owner operator of a motel.
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19 February 2025 | 7 replies
What is the current market valuation of the property based on comparable sales (defined as similar properties, within a 1-mile radius, within the last 30 to 180 days, that are within 10% of total square footage)?
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12 February 2025 | 14 replies
Hi Sean from Long Island, New York-You are 18 and wonder if you should buy a duplex on Long Island which is an expensive area and likely would negative cashflow for you if you lived in one side--at least at first.You currently are still living at home and wonder if you should leverage your low cost of living to invest in a more affordable market.Obviously, the choice is a personal one, but if you could continue to keep your cost of living low living at home you could buy a cash flowing property in several markets in Michigan or similar areas and the equity would build up quickly.Then, you could use the equity to buy the next rental until you were ready to buy a house on Long Island or your priorities may change and you may decide to live somewhere else or work or school takes you other places.To Your Success!
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6 February 2025 | 2 replies
You may be required to make estimated tax payments when the property sells.It depends on what your 2024 total taxes due were and 2025 estimated total taxes / withholding / estimated payments are.If you pay in atleast 90% of the current year tax or 100% / 110%(Depending on 2024 income), you are normally considered good.You may want to consult with an accountant for more clarification.
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10 February 2025 | 11 replies
@Jason Wray I actually already work with the Federal Savings bank and am currently refinancing one of my properties with you.
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13 February 2025 | 15 replies
I'm currently placing a big emphasis here as I look to grow.As far as evaluating deals once you find one you're interested in, I think you get better and quicker the more you analyze.
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11 January 2025 | 4 replies
Hi BiggerPockets Community,I’m Josh, 26 years old, current project manager and aspiring asset manager diving into a new venture that I’m excited to share.
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10 February 2025 | 4 replies
I’m currently dealing with an issue regarding my STR permit in Tobyhanna Township.
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21 February 2025 | 4 replies
_______________________________________________________________________________Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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4 February 2025 | 4 replies
Quote from @Jeffrey Duck: I see no reason to pay an attorney for this, but it's your dime.The current lease was between you and Person B.