3 January 2019 | 5 replies
utm_source=newsletterYou can find a glossary of some acronyms here: https://www.biggerpockets.com/rei/real-estate-abbreviations/You might also want to read: The Ultimate Beginner’s Guide - https://assets2.biggerpockets.com/uploads/user_file/file_object/329/UBG_2018.pdf...actually the entire section: https://www.biggerpockets.com/guidesBP has a whole section dedicated to education and starting up - https://www.biggerpockets.com/intro-to-rei/overviewGet busy with the entire Education section on BP:https://www.biggerpockets.com/hubs/property-typeshttps://www.biggerpockets.com/hubs/financehttps://www.biggerpockets.com/hubs/strategyhttps://www.biggerpockets.com/hubs/finding-deals/analyze-dealshttps://www.biggerpockets.com/hubs/property-management (including TENANTS MAINTENANCE)https://www.biggerpockets.com/hubs/business-operations (and the sub section on REAL ESTATE MARKETING TOOLS & TECHNOLOGY TAXES & ACCOUNTING LEGAL TEAM)One way or another you will pay your "real estate tuition" - either in time, effort or money.
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7 March 2019 | 18 replies
I know that market backwards and forwards, because I operate there.
1 January 2019 | 2 replies
I I am doing virtual whole selling in USA from India but when I talk to any title company about how to receive payment from USA to India through title company they said that you can take through wire transfer internationally but some title company is saying that you can't take wire transfer it's illegal please suggest me something that have can I receive money from USA to India from title company.
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8 January 2019 | 3 replies
If it's a commercial property the property value is determined by it's Net Operating Income (NOI) and Cap Rate.
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21 June 2020 | 14 replies
They do not operate separately and do not act separately because funds cross back and forth constantly and continually with no formal arrangement.
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8 January 2019 | 152 replies
That or operate knowing that one day you could get slapped with a cease and desist.
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2 January 2019 | 9 replies
I suppose they want to get more for their buck since the washers are coin-operated.
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3 January 2019 | 15 replies
Having labeled and easy-to-identify shutoff valves is a must.Train tenants to operate the shutoff valves at each of their fixtures (under the sink, behind the toilet, etc).
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3 January 2019 | 10 replies
-I'll be handling all of the books and operations.
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2 January 2019 | 3 replies
A lot of questions here...As your dad has a 50% interest, and a trust owns the other 50% of which you and your two siblings are the sole beneficiaries (I presume), it might be advisable to, after the trust interest is distributed, to have your father, you, and your siblings contribute your interests to an LLC in exchange for shares of the LLC (usually called "units").The property would be re-titled in the name of the LLC and the LLC can use it as collateral for a loan.It's usually highly advisable to engage an attorney to draft an operating agreement in this scenario to get everyone on the same page about ownership interest, who is/are the managing member(s), what happens when someone wants to sell -- do the existing members get 'right of first refusal', what happens if a member passes away, etc.