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Results (10,000+)
Christian Dennis Short Term Rental Tourist Tax
19 November 2021 | 2 replies
Even in conservative Wyoming we pay 4%.Any time the government sees the opportunity to take money and increase their power, they will take it.
Jem Thompson New investor ready to dive in!
20 November 2021 | 11 replies
A new law or mandate happens they don't just regurgitate what it is, they have to peal it apart, find out how it impacts anything and everything, how we are to be in compliance with it, what the work arounds are if any, and than they reach out and connect with the powers that be to get clarification.
Craig Anderson Mobile Home Park 1st purchase, need advice
21 January 2022 | 7 replies
Here is a list of due diligence item I use on my MHP investments:Check zoning and permitting compliance (city zoning)Check local law compliance (with Sherriff and/or Police)Search City Council minutes for any adverse mentionsCheck with State Department of Public Health's Division of Community Environmental Protection (CEP) for compliance violationsCheck with property neighbors for any disputes or pending legal actions Water - Check with water provider for any open or recent issuesSewer - Check with Sewer provider for any open or recent issues or complaintsElectricity - Check with electricity provider for any open or recent issues Rent roll with space number, name of resident, move-in date, renter or owner occupied, number of occupants, monthly rent, additional charges, current balance due and any relevant notes about the residentList of capital expenditures for the last 3 yearsGet last 2 years of Profit and Loss statementsGet last 2 years of Tax Returns for the LLC/Park12 months of Bank Statements for the LLC/ParkCurrent Accounts receivable statementsBuild proforma for next 5 years using rent roll and expensesGet owed taxes to City/County/Local govGet Insurance Quote of commercial liability insurance2 years of utility billsProperty Tax bills for last 2 years List of park owned home including copies of “rent to own” or sales contractsGet list of vendors and contract status for each vendorTalk with on-site property manager regarding issuesConduct Onsite Property Visit with property managerSpreadsheet detailing who pays all utilities including water, sewer, gas, electric, trash, cable, etc.
Anna Foley New To BiggerPockets
20 November 2021 | 2 replies
I am a 24 year old electrical engineer living in Royal Oak, MI with my husband. 
Thomas Magill 1100 sq ft smokers palace/pet toilet to incredible sub to flip
19 November 2021 | 0 replies
I added a bathroom (owners suite), took out the drop ceilings in the living room, opened up the floor plan, and new kitchen/ bathrooms/roof/HVAC/Electrical/Plumbing.
Kuriakos Mellos First duplex - do you offer laundry and dryers?
27 November 2021 | 17 replies
Make sure water and electricity are paid by the tenant.
Thomas Magill Home with a lot of History
19 November 2021 | 0 replies
New kitchen, bathroom, added an owner's suite to the home, new plumbing and electrical, the HVAC worked but I had to replace the coil and duct, refinished floors.
Jared Brinn Concern if a multi-family is built in 1950s or older?
27 December 2021 | 7 replies
Stone foundations, cast iron sewer main stacks, & outdated electrical systems (knob & tube) are a few things to watch for.
Aaron A. DTI and 2021 Taxes
29 November 2021 | 5 replies
Is there a rule or guideline you follow to balance taxes so you are claiming appropriately but not to your future borrowing power?
Michael Angulo New investor looking into SFH in TX/AZ area
26 November 2021 | 13 replies
The big money is in 4+ units where you increase the rents and the rent increase automatically increases the Cap Rate and the property's re-sale value.I would like to see more people pushing people to understand the power of multi-units and the very strange thing is that I skim through every real estate book I can get my hands on and every book I ever read is missing the very most important facets of multi-unit investing and every book is full of pure B.S. when it comes to the subjects to the pitfalls of multi-unit investing.