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Results (10,000+)
Yents Ybrimovic 203K loan new investor question
17 December 2024 | 16 replies
Structuring the Deal with a PartnerWhile your partner cannot directly participate in the loan, there are ways to structure your arrangement to reflect your 50/50 partnership:Option 1: Post-Purchase Equity SaleYou obtain the 203(k) loan in your name as the owner-occupant.After closing, you sell your partner 50% equity in the property via a quitclaim deed or similar legal instrument.Your partnership agreement would outline each person’s roles, responsibilities, and share of profits.Note: Be mindful of FHA’s rules around title changes and ensure this doesn’t violate loan terms.Option 2: Partnership Contribution AgreementYou both contribute to the down payment and renovation costs as outlined in a partnership agreement.Your partner’s contribution could be recognized as a share of the equity in exchange for funding, services, or property management.The partnership agreement would detail how profits, responsibilities, and equity are split.Option 3: Joint Venture AgreementStructure the deal as a joint venture, where you own the property personally (required for the FHA loan), but profits and roles are split per a formal agreement.Your partner could receive equity-like compensation through profit-sharing without being on the title.3.
John Williams Downside of the 1% rule...
23 December 2024 | 34 replies
So, for everyone else who cannot possibly evaluate every deal in detail.
Albert Hepp Are you seeing Flat Fee Buyer Agents in your market?
3 January 2025 | 26 replies
I'm not following you, can you explain in more detail?
Harris Lee Doorvest experience journal
16 December 2024 | 12 replies
Hello BiggerPockets, I'm going to start a thread that details my investment journey with Doorvest (https://doorvest.com) .
A.J. Zunino Trying to understand the risks involved with cash out refinancing
16 December 2024 | 3 replies
Feel free to connect for a more detailed explanation.Best of luck.
Chris Yeung Investing in Norada Funding's notes
19 December 2024 | 55 replies
You can find more information on the website at NoradaCapital.com or you can contact one of the Investment Counselors for more detailed information.Continued success, Marco SantarelliNorada Capital Management Norada Real Estate Investments(800) 611-3060NoradaCapital.comNoradaRealEstate.comSubscribe to our Podcast Your Premier Source for Turnkey Cash-Flow Investment PropertyWe are proud to be a two-time Inc. 5000 listed company.
Anita Z. How do you screen an STR tenant ?
25 December 2024 | 22 replies
Recently, I've realized that it helps me (and my guests) to re-confirm details of their booking before they arrive (so there are no surprises such as undisclosed dogs or extra persons added).To answer your question on how to see how others have reviewed you as a guest, in Airbnb, you'll find it under your Account, then at the top of the page, select Go to Profile.
Lee Ripma Understanding Kansas City Neighborhoods and Zip Codes
25 December 2024 | 12 replies
Hi Lee, Thank you for the detailed information!
Collin Hays Best Practices on cancellation credit card chargebacks?
15 December 2024 | 15 replies
We are able to demonstrate seemingly everything that the credit card company is asking for - the reservation details, the fact that the guest accepted our terms and conditions, and timestamps for all, including IP address.However, the credit card companies are taking it one step further now. 
Phil Johnson Taking the next step
19 December 2024 | 5 replies
If you haven’t already, consider learning underwriting software or creating a detailed spreadsheet model to speed up your analysis and make apples-to-apples comparisons across deals.Third, as you’re building your team, focus on finding partners who align with your goals and strengths.