Zachary Kotiadis
*Using an FHA loan, can I move during the first year?*
17 January 2025 | 9 replies
I'm not an loan officer, but I know some banks locally like ORNL Credit Union have offered a 0% down conventional loan product.
Kenneth Joseph Perfido
Creating LLC in a new state
29 January 2025 | 2 replies
I moved to a new state and was curious to see if I should open a new LLC for a new state and if anyone had reccomendations other than a local attorneys office to create one.
Carsyn Childress
Are wholesalers using BiggerPockets?
29 January 2025 | 18 replies
seems to be with the power of REI nation in the market place wholesalers would be lined up to present deals to U guys first .. invite them into your offices and give them the tour like you do your retail buyers..
Franky Na
Anyone have any insights on Multi-family investing in Amarillo?
22 January 2025 | 2 replies
Feel free to call my office and speak with me if you want to look deeper.
Grant Shipman
Syndicators & Capital Raisers: Avoid SEC Trouble!!
29 January 2025 | 2 replies
@Grant Shipman, I will say, I have not explicitly seen anyone violate these rules (that I know of), but more commonly there are a lot of people who have comfort operating at the margins.I.e. compliance officers/attorneys that stop at the letter of the law may say: "investment manager X, you can advertise your company all you want.
Alecia Loveless
Is Anyone Marketing their Rental Business on Socials?
29 January 2025 | 3 replies
We’ve got one big player that probably has at least 600 units with their own rental office and full time maintenance crew.
Jeffrey Bourque
Found a Deal but Not Sure
27 January 2025 | 7 replies
. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.
Ven Bud
Rookie question on negative cashflow investment
13 January 2025 | 7 replies
Quote from @Ven Bud: After hearing to lot of bp episodes on negative cash flow, I have a question.I am currently living in my primary residence and planning to purchase an investment property, and obviously it is going to be a negative cashflow (bay area), but I am of the opinion that as long as the rent on the investment property is atleast going to be greater than my current primary residence mortgage it can still considered as positive cash flow investment.The investment property is going to be in a much better location (for office commute, bay area proximity) than my primary residence.
Anirudh Reddy
Who can claim interest paid on a seller finance property?
28 January 2025 | 15 replies
It's very easy to make one tiny, minor assumption to fill in an unknown that completely changes the context and consequently the answer - I've caught myself doing this a few times.As far as the legal responsibility for the debt goes with Subject To, my guess would be that the contract basically provides a pathway for the seller to pursue the buyer for recourse related to losses they suffer from the default of the original loan, like a form of indemnification, but does not absolve the seller of responsibility for the debt.
Clarase Mika
Why Americans Should Be Investing in German Real Estate: An In-Depth White Paper
24 January 2025 | 0 replies
Commercial Real EstateGermany's commercial real estate sector, particularly in the office and retail space markets, also offers solid opportunities.