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14 November 2022 | 7 replies
Does anyone know of a structure where I can obtain financing without having a partner go through the loan application process?
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11 November 2022 | 11 replies
This is the rent money that’s left over after you’ve paid the taxes, insurance, property management fees, expected repairs (plan to spend 1% of the property value on this), potential vacancy periods, HOA fees (if applicable) and any utilities that aren’t going to be covered by the tenant.
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11 November 2022 | 5 replies
In various areas I'm seeing rental % increase caps, 90 day notice for increases, banning or reducing application fees, reducing deposits to 1 month rent.
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9 December 2022 | 7 replies
Car, credit card, or mortgage application.
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26 December 2022 | 10 replies
I know a little of what to do from my reading, but if I got too scared (or unsuccessful) is there anyone in the area who would want to manage it as an LTR and what would you charge while following bigger pockets tenant screening, application, and management processes?
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25 November 2022 | 7 replies
@Sean BrambleThe lender is the one who would still pay taxes on interest, even though the loan is no interest he will (when he files taxes), subject to AFR (applicable federal rate).You of course don’t get to deduct any interest though from your tax basis
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20 November 2022 | 3 replies
Local Landlord/Tenant laws and applicable Real Estate laws concerning rental transactions and required licensing and handling of Client funds; Federal Fair Housing; Fair Credit Reporting Act; applicable EPA regulations; HUD rules for certain projects financed with HUD money and of course Title IX subsidized housing issues; OSHA rules for employees (office AND maintenance workers); Licensing and Insurance requirements required/recommended for contractors that you hire; IRS rules related to employees and income reporting for your Clients and vendors; accounting "best practices" for Client funds; business insurance and record keeping requirements for your locale and type of business entity, and probably a few others.
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9 December 2022 | 7 replies
At the end of the day, hunt for Licensed GCs, figure out if they subcontract out the labor or not, and what their vetting process is for those subcontractors if that's applicable.
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6 January 2023 | 11 replies
Hi Scott, Thanks for your reply, yes we are out of state investors from Massachusetts so we work directly with our property manager who is reporting to us that there several men in this area who walk around with guns which has scared off multiple applicants.
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11 January 2023 | 11 replies
They then have the prospect contact us for an application and start the process.