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20 August 2024 | 11 replies
You have found an incredible source of information on investing by visiting Bigger Pockets!
20 August 2024 | 13 replies
Here's what I was told by CSSI after giving them some info on my home: We estimate we can accelerate the depreciation of your property in the first 3 years by $22,197 in the first year through a cost segregation study performed by our firm.
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20 August 2024 | 2 replies
I do not want to look at any SFR or single door homes but can't seem to find a way to search by that criteria using any of the BP search functions.
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20 August 2024 | 18 replies
Some repairs would be approved automatically, others would get run by me for the "OK" first.Does this make sense?
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21 August 2024 | 9 replies
@Javaughn Harkness I don't know what you do for a living but you can learn a lot by swinging hammers.
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14 August 2024 | 63 replies
I'm going to call them within the next few minutes for my initial consultation with them and see how it turns out.
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20 August 2024 | 12 replies
It varies by situation, but a couple decent benchmarks are if it improves your rate by 1% or more, or you recover the refi costs in two years or less.
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14 August 2024 | 4 replies
@Ming Li HerreraRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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21 August 2024 | 5 replies
You asked about the risks and benefits of using leverage in real estate investing.The reality is leverage cannot be avoided, usually, in real estate investing.The risks are you get over-leveraged and your don't have enough cashflow and reserves to weather a market shift, extended vacancy, or major repair.The advantage is you increase your ROI by using other people's money and as little of your own money as possible.
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20 August 2024 | 2 replies
This form is sent to the borrower, investor, and the summary form is sent to the IRS.Other fee for services may include door knocking, bankruptcy research and filing of proofs of claim, providing credit reports, workouts with borrowers, loan modifications, short sales, REO (Real Estate Owned) management, inspection services, foreclosure management, etc.SERVICER OF RECORD OPTIONA servicing company may also offer you the opportunity to do your own workouts with the borrower while using their license as “insurance” (this is what we meant by “insurance reasons”).