Keith Patrick
Land Development Project
19 April 2018 | 0 replies
After acquiring floor plans what is the next steps to getting it built?
Eric McGlennon
paying for home improvements with 1031 exchange
19 April 2018 | 1 reply
Anyway you go, short of putting a new loan on that property for the cost of improvements (and that's iffy because the IRS doesn't generally like financing placed right before a sale) you're not going to get the money back from the sale without a taxable event.So you may want to count the cost of simply taking $25K out of the proceeds as taxable boot and using those to repay your realtor.Or purchase the replacement property and then do a cash out refi to access the funds to pay them back.
Guy Azta
A bit helpless with property management not being too responsive
25 April 2018 | 6 replies
I actually found a contractor that seems reasonable to work with, but even getting him access to any unit that has become vacant, seems like a chore, and sometimes there could be a 2 week delay before things happen.
Justin Baker
College kid getting started out with little money
19 April 2018 | 2 replies
As you learn all about MF investing, find a commercial MF (loopnet, brokers, property managers, off-market, owners) to learn and practice how to underwrite (start with the BRRRR tool here on BP) and parallel to all that, find a mentor/accountability coach (me) to partner (me) with, network for investors everywhere you can to acquire your first 65+ unit deal.
Nicole Leand
One tenant damaged other tenant's property while shoveling HELP!
20 April 2018 | 12 replies
I should add we recently acquired the property and the tenants had signed the current lease with terms stating they’re responsible for snow removal with the previous landlord.
Account Closed
From selling dope to selling houses
18 June 2020 | 13 replies
Does your record block your access.
Eric Jennings
New investor in the Rock Hill SC area
21 April 2018 | 3 replies
@Eric JenningsHere are three things you might want to check out:You can access the podcasts on bigger pockets here, the money show here, and the page about local events here.
Nick Bleser
New landlord of an 8-plex
25 April 2018 | 8 replies
But I recommend joining an apartment association and having access to their forms/leases/documents/educational tools.
Mark Leischner
Using a land trust for investment properties
21 April 2018 | 2 replies
But do they offer a benefit to accessing equity to be used to buy other properties?
Nickea Bennett
Analysis Paralysis to Getting my Feet wet
21 April 2018 | 10 replies
HML require 10% down and %10 down for rehab with 12% interest.What options available for a new investor to acquire the additional funding?