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1 February 2020 | 27 replies
Two vehicles we use are the BiggerPockets monthly get togethers which take place at Ramblin’ Jacks in Olympia, and the Washington State LL association which meets monthly at a larger meeting facility.
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29 August 2018 | 2 replies
W.r.t. your ultimate end goal, would you want them onboard to reinvest to help fund future complete projects (i.e. acquisition, rehab and perhaps even guarantors on long term financing) or to be able and execute larger campaigns?
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6 September 2018 | 10 replies
Commercial loan for 80% of value.Rent $1050/monthThe policy choices: Cost Policy A $726 annually Policy B $1,008 annually Coverage: dwelling $113,296 $352,300 Other Structures $2,000 $35,230 Personal Property $1,500 $3,000 Loss of Rents $22,659 $35,230 Landlord Liability $100,000 $500,000 Medical Payments $500 $5,000 Deductible $500 $1,000
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24 October 2018 | 4 replies
I am interested in learning about and getting into real estate investing with a short-term goal of owning/leasing either SFH or small multi family properties to learn the fundamentals and a long-term goal of pivoting into larger scale investments in multi-family/student housing, self-storage, and MHP.
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19 September 2018 | 3 replies
@Jonathan Colon if you like the job your at & are good at it my suggestion is to invest in yourself to become even better at that job and invest passively in a larger deal a syndicator would do.
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29 August 2018 | 5 replies
If the agent, brokerage, or decider is a frequent customer of the title company then there can be unequal treatment of the party that makes the choice.
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1 September 2018 | 28 replies
Your goal is to solve the problem, not create a conflict where you don't have to, not impress upon your tenant your distaste and contempt of her life choices and standards.
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10 September 2018 | 1 reply
Hello, If you do not need someone licensed I have heard good things about Bob at best choice handyman.
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28 August 2018 | 0 replies
I've flipped multiple SFHs, but this would be my first commercial deal.I've talked to several lenders, but they all have one or more issues, such as needing 25% down when I can only do 20%, proximity of property is too far from a major city (I'm in WV and no city in the entire state has more than 50,000 residents), I don't have any commercial experience or track record, etc.Therefore, I'm now contemplating asking the seller to consider leasing me control of the property for 2 years with an option to purchase within that time frame.This would provide me with the following benefits:allow me to negotiate the upcoming lease renewal of a major tenant,give me time to come up with a larger down payment,give me time to establish experience managing commercial property,give my new LLC time to establish a track record and income,give me time to find a lender willing to work with me.I will also need to pay the current listing broker their fee, and I would need to pay a deposit and monthly lease payment to the current owner.My questions are:Does anyone have experience with such an arrangement?
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30 August 2018 | 9 replies
I had every intention to form an LLC eventually when my portfolio got larger (and my potential liability gets larger), but now i'm leaning towards having my own business account segregated from my personal accounts right away.