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+)
Katrina Dividina Purchasing Newly Renovated 20-door motel to turn into Sober Living thru owner finance
14 August 2024 | 6 replies
And, even if you could find an appraiser to do an evaluation, it's not clear how that would help you.As you state, the motel has been shut down for nearly three years, so there's no current financial data.But even if you had recent numbers, you're planning to operate it as a sober living facility, which I suspect is a very different business model.You need to find a comparable facility in or near your local market and develop your own customized financial analysis model based upon this particular property.Then, given your business objectives (cash flow and cash-on-cash return, I assume), you'll need to back into what purchase terms you'll need to achieve those objectives.Only then will you be able to determine whether these seller financing terms will work.As far as documentation to get started, a letter of intent (LOI) is commonly used but you might move straight to a purchase and sale agreement, particularly if no agent is involved.Whichever path you choose, just be certain to give yourself plenty of time to thoroughly perform your due-diligence.
Michael Dooley North Augusta - Aiken investors
13 August 2024 | 5 replies
While that is in the works I’d like to reach out and start networking with locals and get in to the wholesale game.
Erin Babnik App or software for analyzing and bookkeeping?
14 August 2024 | 6 replies
Might be worth just starting with Quickbooks if you plan to use it for other properties beyond your commercial property.
Mauricio Duarte QuickBooks for Flippers - Inventory vs COGS
15 August 2024 | 29 replies
I’ve started putting everything to Inventory, but don’t have a ton of transactions yet, so I figured I still have time to change my approach.
Jacob Kurian Basics of Foreclosed Properties & More
14 August 2024 | 1 reply
But you use the calendar and the cases provided on the calendar to look up the foreclosure on the county clerk's website to start to get an understanding of who is suing, and what is owed on the property.Who is foreclosing is key to understanding foreclosures.  
Shalonda Sain Pinellas county transient rental tax + Florida lodging tax?
13 August 2024 | 2 replies
Hi all, I'm getting started with mid-term rentals (~60 days) and trying to understand how the Pinellas county transient and Florida lodging taxes work. 
John K. What can I do with $140K cash?
11 August 2024 | 49 replies
Flipping homes is NOT something a person just starts at, that's insane. 
Nathan M kiefer Tp or not tp
15 August 2024 | 18 replies
We are considering adding a roll under each sink to eliminate this request/complaint but thought it was odd after years of doing the same thing why we all the sudden had people complaining about only having one full roll to start?
Daniel M. Help Setting Up QuickBooks for Real Estate
15 August 2024 | 13 replies
I started out managing everything in excel, then switched over to QuickBooks Online at 3 properties.
Josh Miller STAY AWAY FROM NREIG (National Real Estate Insurance Group)
14 August 2024 | 51 replies
I believe the fire was started by a squatter.This requirement, as ridiculous as it sounds, was in the master commercial policy, a copy of which had never once been provided nor had this requirement ever been stipulated by the agency.