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Results (10,000+)
Kevin Kramer Should I sue my former contractor?
5 February 2024 | 13 replies
This unfortunately does not appear to be a claim that would as I understand the issue to be an overpayment on services.
Account Closed Using Business Credit for Proof of Funds for Hard Money Loan
2 February 2024 | 5 replies
I have good monthly income and available personal credit to float any monthly payments and even the repairs, its really the downpayment. 
Jeremy Porter Mastering Property Management: Expert Tips for Landlords
2 February 2024 | 0 replies
Recognizing the significance of streamlined property operations and delving into the intricacies of this domain can significantly enhance the success of your rental properties.Understanding Real Property ManagementCompany that provides comprehensive services to landlords and property owners.
Chris Fortner Tenant Screening in Ontario, Canada
3 February 2024 | 1 reply
I'm obviously not yet at the tenant stage but I'm interested if anyone in Ontario has experience using tenant screening services (such as SingleKey, RentCheck, FrontLobby, etc...)? 
Tyler Luraas New build purchase Buy or Backout?
4 February 2024 | 4 replies
Metal wall framing damaged, that would need to be repaired prior to drywall or drywall will be out of whack.Warped roof trusses -again how warped? 
Joshua Awodele Cost Segregation Providers in Connecticut
3 February 2024 | 4 replies
Hello Biggerpockets Family, Need help with two things:I need recommendations for a reputable firm that can perform a cost segregation for a STR investment in Fairfield County Connecticut.Concerning the passive activity rules exemption requirements related to the STR Loophole, what are examples of “extraordinary personal services” I can incorporate within the business in hopes of converting from STR to MTR (midterm rental) while still qualifying for the STR loophole?
Joshua Mckeller Income Verification requirements
4 February 2024 | 8 replies
Don't be afraid to talk to lenders and other professional services, they are there to answer questions and make loans.Approach the problem with an assumption that you WILL find a solution then start working the issues.
Account Closed Subject To – Why You Need Money To Buy Using "Subject To" (SubTo) - Safely, Legally
3 February 2024 | 20 replies
Bought for $157,100.38 *** ***  ARV $245,000.00 5 bed 3 bath – Phoenix AZThese are the numbers from the HUD statement Bought for $157,100.38 *** * ARV $245,000.00 Existing Loan Amt Payoff $118,145.37 * Subject To $118,145.37 **** Closing Costs From HUD Title $1,045.00 Escrow $1,400.00 County Taxes $538.38 Recording Fee $120.00 Cash to seller $10,000.00 Misc other charges $525.00 Total Amount Due $ $13,628.38 *** Arrears To Bring Account Due Total Number of Missed Payments: 11 Total Payment Amount $10,095.47 Unpaid Late Charges $146.84 Additional Amounts: Foreclosure Fee/Cost $354.19 Unpaid Advance Bal $1,101.75 Total Amount Due $ $11,698.25 *** FHA Loan Mod 2nd $11,582.44 *** My Out of Pocket $36,909.07 *** Total Cost Basis of Purchase $155,054.44 ARV (After Repair Value) $245,000.00 Repairs Post Purchase $ 5,000.00 +/- Unrealized Profit $84,945.56 *** Equity (ARV minus Subject To payoff) $126,854.63 *** I strongly recommend having 3 months reserves as follows: Monthly Mortgage $917.77 (Taxes included) Electric Monthly $362.21 Water & Sewer Monthly $102.80 HOA – None $0 Reserves3 months mortgage payments @ $917.77 per month = $2,753.313 months Electric payments @ $362.21 per month = $1,086.633 months Water payments @ $102.80 per month = $ 308.40                                                            Minmum Reserves Total $4,148.34Then I turned around and sold it on a Lease Option for $265,000 getting $20,000 down on a nonrefundable Option fee, and rent of $1,900 a month. *** My Out of Pocket      $36,909.07 Option Fee To Me      $20,000.00 My Adjusted Out of Pocket        $16,909.07 ****** My Cash Flow  *  $ 982.00 monthly **So, I sold it for $20,000 more than street value, I get tax write offs, I got $20,000 back immediately as an Option fee, I cash flow at $982.00 a month and if they exercise their Option, I’ll get $146,854.63 (minus the $20,000 Option fee) equals $126,854.63 cash along with any pay down during their Option period.
Allan Smith How do you manage your rentals remotely?
2 February 2024 | 22 replies
I use Zillow and other listing services (I'm hiring out this part soon).
Gp G. surge protectors from electric shock on hvac systems and electronic filter
3 February 2024 | 2 replies
You can install a "whole house" surge protector in your service panel.