Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
A Morgan Sales Person Making an Offer with Seller's Concession
16 October 2020 | 6 replies
To be clear, a “concession” is some dollar amount that the seller pays which would normally be paid by the buyer....foregoing your commission doesn’t fit into this.What you can propose, and the listing broker needs to be on board but no reason for them not to be, is to Reduce The Price by the amount of your commission with the listing broker agreeing to reduce their fee to the seller by the same amount.If you’re looking to not do that and have the seller pay some of your closing cost Instead (a concession) then you still need the agreement , mentioned above with the listing broker, and then the seller pays some of your closing cost instead of reducing the price.If the IRS happen to ever look at this transaction in detail through an audit or anything, they might figure out the switcharoo and disallow it, but I have no idea. 
Jordan Workman How strict is the owner occupancy for multi-family?
15 October 2020 | 6 replies
Banks won’t always check but they could, or your leases could be audited and shown to have more tenants than rentable units.
Steven DAmbra Question for Wholsalers....???
17 October 2020 | 2 replies
What's the best software, lists, and lead generators out there if I go the route of spending some money on actually finding these deals?
Jack Stone Eviction Screening with Cozy or Zillow or others
18 October 2020 | 1 reply
For those of you who use their software, do your run an eviction report and if so, what service do you use? 
Adam Feick Small Self Storage Analysis
21 October 2020 | 8 replies
My assumed monthly expenses at the sellers price:Taxes $170, Insurance $70, maintenance $70, management/software $110, lawncare $75, misc $50.  
Aaron C. Looking at a LIHTC Property
22 October 2020 | 1 reply
For compliance, its almost impossible to sell since you need to protect the TC buyers and get audits to make sure.2) Years 11-15 - You need to continue compliance audits and ensure use restrictions are in effect to keep the TCs valid3) Year 15 - You have options.  1) Continue to operate and own the property (usual) as lIH and no change 2) Sell the property to a new operator who may do rehab/resyndication with 4% TC and continue as LIH  3) Offer it for sale as a QC (qual contract). 
AJ Felix Rental Income Accounting
22 October 2020 | 3 replies
Any suggestions on great software that is user friendly and excellent at keeping track of these expenses over time and for multiple properties? 
Travis Nolen MHP management options?
23 October 2020 | 1 reply
A better approach is to hire a full time onsite management team capable of performing all the duties of management, home sales, managing maintenance and repairs, and the implementation of software systems and processes that will eventually have the park running like a Swiss watch.
Fawzi Mudawwar Would you install a remote locking system on your storage units?
6 July 2021 | 8 replies
My background is in electronics and software, so I plan on making this happen if there's a decent market for it.
Cody Ramsey Move-In / Out Checklists (Security Deposits)
23 October 2020 | 3 replies
Don't worry about fancy inspection software that costs an arm and a leg and has a steep learning curve.