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+)
Long Nguyen Is market correction a good thing?
7 November 2017 | 12 replies
Choose your investment based on cash-flow and don't bank on appreciation and just keep plugging away until you find something (or shift your focus to a different market if that's easier). 
Haley M. Seller financing for family members
7 December 2017 | 6 replies
Hi @Haley Mistler I don't see how you could do seller financing.For the buyer, seller financing is very similar to bank financing except that the seller (you) is now the lender.You could have done seller financing if you owned the house free and clear.But considering you have a mortgage on the house, you can't really extend a secured loan to your family collateralized on the house without paying off your lender.Ultimately, it seems like you really want to help your family member while no longer having that house as a liability.I am not sure if you have looked at it, but if I were you, I would check with a mortgage broker if there is any way they could get a loan in their own name.I imagine rates have gone down since you bought it, so they could have lower monthly repayment and if they really cannot afford the down payment.Assuming that they have always paid their rent on time for the past years that you have had them tenant, the main concern would be coming up with a down payment.Ultimately, I see great benefits in shifting your liabilties and getting rid of that property and sellling it to them.Considering that the amount owed on the house is what it is worth now, you would saved real estate commissions by selling it to them.Those savings could be used towards their down payment maybe?
Jason Flint Opportunity to buy 5 single family home rentals....Good deal?
8 November 2017 | 23 replies
I would just be concerned that a market shift could easily cause someone to need to drop asking rent by 100 and there goes all of your cash flow and of course there aren't any guarantees of appreciation either, only a gurantee of a tenant paying down the principal on the loan. 
Matthew Parrott Sold 1 property via Land Contract, What am I missing?
7 November 2017 | 2 replies
They eventually left after numerous complaints from the neighbors and visits from the humane society, local housing authority and CPS.
TJ Denbleyker Structuring Closing Agreement to Increase Amount Depreciated
7 November 2017 | 0 replies
Does anyone know of or have experience with shifting value from land to the actual structure/building when closing on a property so you can depreciate more of your capital over the 27.5 years?
Tarron B. Foundation Issue Discovered
11 November 2017 | 3 replies
He shows me evidence of the shifting and the foundation repair work but the seller seems to know nothing about it and seller has owned the property for 4 yrs.
Bryan Sandera Property Management in Grand Rapids MI
23 June 2019 | 6 replies
I screened multiple companies and narrowed my results down to two, Shift Property Management and Simple Home Property Management. 
Joseph Weisenbloom How do you pay your contractors?
11 November 2017 | 13 replies
Good day, Joseph Weisenbloom , you present a question that plagued and continues to plague our society since the dawn of the investor/contractor relationship, hourly vs. per job.
Chris McDaniel Typical MHP closing costs?
13 November 2017 | 4 replies
I have recently decided to shift my business focus away from the typical MF and SFR to mobile home parks.
Benjamin E. Bartender as tenant?
12 November 2017 | 15 replies
A nurse may work different shifts , as would a fireman or a cop .