Alyssa Lewis
Long Term Rentals in North Carolina
25 June 2024 | 4 replies
Check in with @Joseph Chiofalo he's our go to investor lending parter for 20+ years for some creative options, as he does a lot of loans in the area..he might have an investor friendly RE broker referral as well.
Account Closed
Any way to verify other offers on a property?
25 June 2024 | 11 replies
I usually have a price that I'm not going over and if I don't get it, Oh well.
Mike Auerbach
1031 Specialists - The biggest 1031 Hack
25 June 2024 | 11 replies
I think it's also worth mentioning that having a Plan B replacement property is also critical in mitigating the timeline risk.Even if the preferred replacement property is already under contract well before the 45-day window.There are many unforeseen circumstances that could result in a deal falling apart before closing, even if things appear to be smooth sailing from the start.
Anthony Tenai
Hello BiggerPockets! New PRO here
25 June 2024 | 1 reply
I have a presence on youtube as well where I am learning how to make movies.
Debbie Welch
Financing Construction of Two Detached Dwelling Units
25 June 2024 | 1 reply
Here are a few ideas:- HELOC: depending on how much equity you have in your property, you may be able to apply for and borrow against that equity- DSCR: BP now has a find a lender link and I'm happy to recommend mine as well if you'd like; there are lenders who do loans based on the future rental value of the property- Borrow from your 401k: typically you're able to borrow up to $50k and if you have multiple 401ks, borrow from multiplesHopefully this gives you some ideas of other options to bring in some cash for your investment!
Blanca Munoz
Single family home but just found out about the BRRRR Method
26 June 2024 | 16 replies
Well I already looked, the ARV will be around $240,000 or more, I could rent it out at $2,100.
John Oertel
Need Help with 4 Bed/4Bath STR Bedroom Configuration
25 June 2024 | 6 replies
This does very well with no complaints and I stay pretty full.The other place has King Suites( one bunk bed room) and already sleeps 23 so I've left this configuration alone for now.
Milton Chamberlain
Kansas City MO NEW Source of Income Discrimination Ban Ordinance
22 June 2024 | 17 replies
It is effective Aug. 1, 2024.This ordinance is referred to as the Source of Income Discrimination Ban Ordinance" - which is identified in File #231019 and amends sections of Chapter 38 (Civil Rights) and Chapter 34 (Health and Sanitation) in the Missouri Revised Statutes for the purpose of classifying source of income as a protected trait in regard to housing discrimination.Here are some key takeaways from the attached ordinance:This ordinance bans discrimination against tenants based solely on:Source of income from an occupation, including gig work or paying rent in cash Use of public programs like Section 8 Housing Choice Vouchers, disability checks, or social security Poor credit score Prior evictions and alleged damages older than 12 months (less than 12 months can be a basis for denial) Prior convictions or arrests (sexual and violent crimes are excepted, a landlord can still deny based on these convictions)The ordinance also requires the city to proactively scan for rental ads using discriminatory language like "no Section 8" or "no past evictions".Landlords who are found to be in violation of the ordinance with respect to source of income can be fined up to $1,000 per incident.
Geoffrey Paugam
Out of state Investing
25 June 2024 | 51 replies
All you need is a team, :) Well and money LOL, Lol, money I have, the team is the roadblock.
Kenny Banuelos
Do people do this with their first house hack?
23 June 2024 | 8 replies
Setting up and maintaining an LLC involves costs, including filing fees and potential legal or accounting expenses.