Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Spencer Simon How does one circumvent an owner occupied clause on REO's
17 June 2015 | 31 replies
Don't write anything on your application that isn't true.
Robert Carl Applicant tries to dictate and lies
28 October 2013 | 12 replies
The applicant set up another date to fill out an application.
Francisco B. Are my closing costs to high even for NYC?
4 November 2013 | 5 replies
Interest 4.5%, 30 year fixed Home price $680,000 Our origination fees $1,790.00 Flood Certificate $25.00 Prepaid Intrest 15 days $1,006.03 Title services & lender title ins $850.00 Pre paid finnance charges Appraisal fee $550.00 Compiance inspection (if applicable) $150.00 First year home owners insurance $1,800.00 Home owners insurance 2 months@ $150 $300.00 Taxes 3 months @ $416.67 per month $1,250.00 Title services and lenders title insurance Lenders title ins $677.00 Departamental charges $475.00 Bankruptcy & company charges $185.00 Endorsements $350.00 Escro service fee / contin $300.00 Owners title insurance $2,749.00 Recording fees $550.00 Transfer taxes $12,410.00 State tax/Stamp $10,472.00 Survey $500.00 $36,389.04 total cost $716,389.04
Aaron Mazzrillo Multifamily Due Diligence
29 January 2015 | 18 replies
:NOTE: Important to keep the date of when these items were receivedFINANCIALS (get from Property Management Company or the Seller):Annual Operating Statements (for past 2 years)Monthly Operating StatementsYear to Date Operating StatementRent Roll for the last 2 yearsLast 3 month's Bank Deposits by the sellerBudget ForecastExisting Loan Documents ** ask if will take AssumptionSecurity Deposit Account StatementUtility DepositsRequest Schedule E if questionable financials, certified by accountant.OPERATING INFORMATION **** Must sort by importance:Management ContractCopy of all Lease Types (all leases delivered at closing)Concessionary RentsLease Expiration ReportUtility Bills (for Water, Sewer, Gas, Electric, CATV, Ethernet, Phone) - for past 2 yearsProperty Tax Bills - for past 2 yearsService Contracts (all currently under contract: trash, exterminating pests, maintenance, laundry, pool, elevator)Advertising ContractsPayroll Register (employment contracts)Operating Manuals (phone, computer, fire system, etc.)Insurance: Policy (premium disclosure)Insurance: Claim History (for past 3 years)Insurance: Carrier Risk AssessmentMiscellaneous Agreement (Vending, Pay Phone, etc)Capital Improvements and Maintenance History (for past 3 years)Incomplete Maintenance Requests (for last 3 month's maintenance requests)Yellow Pages Listing ContractCredit Bureau ContractPet PolicyCommission AgreementsRent.com reviewLEGAL AND PHYSICAL INFORMATION:THIRD PARTY INFORMATIONAppraisalDeedTitle PolicyLast Sale Price/DateTax Assessment: Land/BuildingSurvey (Get the original)Architectural PlanSite PlanInventory of Personal PropertyTools/Supplies InventoryBusiness LicenseZoning CertificationBuilding Code Compliance Letter ** Tell bad news fast to your investors; don't hold off on thisCertificate of Occupancy ** Tell bad news fast to your investors; don't hold off on thisRental Ordinances ** Tell bad news fast to your investors; don't hold off on thisLitigation History ** Tell bad news fast to your investors; don't hold off on thisTenant Estoppels (Optional at Closing) ** Tell bad news fast to your investors; don't hold off on thisBuilding PermitsMARKET INFORMATIONMarket Survey (3 - 5 nearest competitors)Existing Competitive Supply SurveysEnvironment Surveys - Phase I/Phase II, if necessaryEngineering ReportFire System Inspection ReportsElevator Maintenance Report (if applicable)Boiler Inspection ReportHVAC Inspection ReportLead Paint - Inspection reports / tenant waivers / historyMold - Inspection reports / tenant waivers / historyFuture Competitive Supply ForecastPictures - Aerial / GroundArea MapApartment AssociationApartment Guide ListingCopies fo All ADvertising, Brochures, Floor PlansDemographic Reports: Housing, Income, Employment (3 radii - 1 mile, 3 miles, 5 miles distance)Traffic Study and/or Road Improvement PlansNeighborhood Survey: Shopping, Schools, EmployersCrime Report
Joseph Weisenbloom Is FHA worth it?
27 November 2013 | 14 replies
I've brought it up and its only applicable to SFH, not multi.
Callum K. Renters with Ferrets
26 February 2022 | 13 replies
Good morning,I received an application for renters with ferrets and I am unfamiliar with the kind of impact ferrets have on homes.
Jenni G. Iffy about getting rid of property mgt co
17 June 2013 | 17 replies
Screening applicants is not hard.
Sara McGrath Hello! Newbie from Portland, ME
14 August 2013 | 14 replies
Once I started posting in my advertisements that tenants must pass a criminal background screening, the quantity of applicants went down but the quality went up.
Josh Randall Seller contribution towards down payment?
15 August 2013 | 21 replies
Did you make an actual application?
Kimberly H. Mr. Landlord or NTN for tenant screening?
23 August 2013 | 10 replies
My current company found no crimes on a recent applicant, and doesn't search for crimes with any previous names.