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18 November 2024 | 9 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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28 November 2024 | 184 replies
Quote from @Dongzi Wu: The original one was deleted, creating this new one.
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27 November 2024 | 10 replies
I believe that the ARV I originally thought was correct of 160-165k which after a cash out refi will get me my money back and then be about break even.
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19 November 2024 | 9 replies
California does not recognize series LLCs.
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4 December 2024 | 37 replies
Never pay upfront origination fees.
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1 December 2024 | 134 replies
It was built in 1928 and had original old-growth hardwood floors in pristine condition other than the smell.
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25 November 2024 | 16 replies
It’s so serious that, beginning January 1st in California, any lender who knowingly originates a consumer-purpose loan misrepresented as a business-purpose loan can face criminal charges and jail time.
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26 November 2024 | 86 replies
@Scott Trench what happened to the original thread?
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5 December 2024 | 31 replies
It was originally a 3/2 and had 3 additional bathrooms added.
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23 November 2024 | 1 reply
Purchase price: $125,000 Cash invested: $25,000 Sale price: $230,000 Bought the property about 4 years ago, originally it was a 2-family rental.