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26 February 2024 | 42 replies
This on addresses your specific 2nd qeustion.The question is not whether clearing the jungle qualifies as a preservation improvement, it is whether you are even allowed to recover for preservation improvements at all with that property.
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27 February 2024 | 3 replies
Year of update of the systems (roof, plumbing, electric, heat)4. any pets, pools, tranpolines, or business use at any locationThey will usually need more specifics but this is a good start.
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25 February 2024 | 3 replies
It should return basic economic and demographic data but rental data, SFR data per zip codes is a pretty niche area of the internet.Big proptech data companies have some of that but it’s sparse.
27 February 2024 | 6 replies
or the split model where guest pays part of that …Anyone have specific experience on these two issues?
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27 February 2024 | 3 replies
I'm also trying to get an answer on this, but seems like there are far more assumable commercial loans than there are residential, but from what I can tell, it's just a case by case sort of thing and you have to check within the loan docs or with the original lender to find out if it applies to a specific loan.
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27 February 2024 | 11 replies
Here's my advice: Section 8 isn't inherently good or bad; it depends on your comfort with risks, your experience level, and the specific property.
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27 February 2024 | 12 replies
So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?
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27 February 2024 | 3 replies
@Robert Maxwell, my advice: listen to the first 300 episodes of the BiggerPockets Podcast and then return to forums when you have a specific question.
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24 February 2024 | 3 replies
Find a specific niche that you are interested in, find a mentor and then educate yourself.
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27 February 2024 | 4 replies
I specifically asked him to talk to the underwriters to make sure the STR would lend.