Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Scott Harper Elder Law question and real estate
18 July 2018 | 4 replies
If she went to Assisted Living - I can help you but it's only KS Specific - each state is different but I'm guessing some of the guidelines carry across states in regards to how she will pay for the ALF and eligibility for Medicaid and Home and Community Based Services (which is a medicaid program that would help pay for ALF)Anyways in KS - in for someone to qualify for HCBS/Medicaid to help pay for their care either in the  home or assisted living - you need to have less than $2k in assets - and consistently less than $2k in the bank - there is also something called a 5 year lookback period - I do not 100% understand how the lookback period works but will soon enough.So - as far as the assets are concerned - if your friends mother has the house and any savings there is no way the govt will be paying for most of her stay in ALF - and I also think it would be difficult to house her in an ALF facility for $3k per month - can be done but tough - Due to no estate planning the family needs to decide on what they are going to do - they will either need to sell the house now and just pay her money down at the private pay rate in a facility until she "runs out of money" then apply for Medicaid and go from there or see if the strategy of renting the house with her present income will be enough to cover the facility she's staying at.Individually the systems are simple however there are so many moving parts to Medicaid HCBS I've discovered in my time as owner of a facility I can 100% understand the families frustrations. 
Kelly Martinez My Belated Hello to Bigger Pockets!
25 June 2018 | 4 replies
I went through a bit of a dry spell in the changeover and it wasn't easy financially but when it comes down to it EVERYTHING is difficult at first.........if you keep at it suddenly it's not. 
Cristina Santos 2nd mortgage question
24 June 2018 | 2 replies
Seems to be difficult to do this and I can understand why, the loan would be for about 27K, the current rate is 6.7%, is this a good rate right now, should I just keep it and continue paying it down?
Douglas Andrew Loan Assumptions, Commercial Loan Transfer to Buyer.
24 June 2018 | 2 replies
The commitment letter had the following language;Transfers/Assumability: Subject to Lender’s then-current underwriting requirements and compliance with the other requirements of the loan documents, the Loan is assumable by a qualified transferee of the Property for a fee of 1.00000%of the unpaid principal balance of the Loan at the time of such a transfer (a “Consented Transfer”).My question relates to the terms of the loan and savings to the buyer.
Keiko Bake Last month's rent - Deposit in Lieu of Rent
5 July 2018 | 10 replies
The security deposit is for damages to the property or outstanding balances.
Jeremy Eisenstat Starting out in Utah
9 November 2018 | 14 replies
I’m leaning towards wholesaling to start out but I’ve heard that’s difficult in Utah but also possible.
William Huston Investing: Is the current prices to high?
29 June 2018 | 31 replies
I have been concentrating on buy-and-hold rental properties in more rural areas of North Florida and, to a lesser extent, the Ft Lauderdale area and I've seen the same thing:  Prices have risen more quickly than rents to an extent that it is difficult to find properties with the right fundamentals.  
Logan Freeman What’s Missing? Investor/Agent Relationship
1 July 2018 | 2 replies
This type of relationship building can be difficult and take time, but if you're building a team, to us it is worth it.As for profiling your properties, are you asking about how you can show the deals you've done?
Will G. How to stress test your rentals?
25 June 2018 | 11 replies
Similar to @Michael Guzik's mention of Cardone using historical rent, a conservative stress test for your current portfolio is to run a net worth (balance sheet) based on what you paid for the property, not the current market value, vs debt.
Vania Castillo Need help about deciding between 2 options in a deal.Help Please!
24 June 2018 | 4 replies
I take no pleasure in being blunt, but the first warning sign was a 17% interest rate--sounds great to an inexperienced investor, but the realities of the real world make that VERY difficult to be successfully paid.