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19 April 2024 | 4 replies
Am I silly for wanting to sell it and put it towards my next rental or should I be trying to keep this?
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19 April 2024 | 7 replies
Seller financing does not always sell for more money and if there are big price declines then you may end up having to forecloseMy recommendation is to sell it with borrower getting traditional financing and put that $ in a tax friendlier account than loan interest = ordinary income rates
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18 April 2024 | 5 replies
I believe the one that does my tax mentioned using scorp due to our income but i seen its not advised to put real estate under scorp
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19 April 2024 | 5 replies
I want to put in place some incentives for new tenants and want to know if anyone on BiggerPockets has done something similar.Here are a few ideas I have had:First Month Free: Sign a 13-month lease and get your first month freePets: No pet fee for the first 6 months, year, etcRent Discounts: Offer a discounted rent for the first month or two fortenants who sign a pre-lease agreement before a certain date.Waived Fees: Waive application fees, administrative fees, or securitydeposit for tenants who pre-lease.Free Utilities: Offer to cover utilities such as water, electricity,or internet for a certain period for tenants who sign a pre-lease.Upgrade Packages: Provide upgrades or amenities such as free parking,access to a fitness center, or a smart home package for those whopre-lease.Gift Cards or Vouchers: Offer gift cards or vouchers to localbusinesses such as restaurants, cafes, or grocery stores as a signingbonus.Flexible Lease Terms: Offer flexible lease terms, such as shorterlease lengths or the option to renew at the same rate, to incentivizetenants to pre-lease.Refer-a-Friend Program: Encourage current tenants to refer friends orfamily by offering them a reward if their referral signs a pre-leaseagreement.Early Move-In: Allow tenants who pre-lease to move in a few days earlyat no additional cost.Guaranteed Parking: If parking is limited, offer guaranteed parkingspots for tenants who sign a pre-lease agreement.
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19 April 2024 | 13 replies
It gets tricky, when investors buy an SFR, then put up a temporary wall and kitchen to rent as a duplex.
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19 April 2024 | 4 replies
I have went over all of the repairs with our maintenance supervisor, so I think I can put this together.
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18 April 2024 | 6 replies
In a nuthsell, she would be taking the proceeds of the sale and putting all of the proceeds into another investment property.
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19 April 2024 | 11 replies
can use the heloc and use permanent financing at the exit and take the cashout and put it back in your heloc
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19 April 2024 | 2 replies
I also found out he didn’t put the right footings in, pretty much left the footings that held up the original stair case. he is using his “buddies” license to pull permits.