Mojgan Azar
What would you do?
23 April 2024 | 14 replies
It's important to do your homework and think about your personal risk tolerance and long-term goals.Good luck!
Allison Zittritsch
Looking for an experts opinion!
22 April 2024 | 22 replies
Find properties that fit Airbnb's standards, taking into consideration what amenities they offer, where they're located, and how satisfied guests have been.
Ben Capone
Setting Up a Property Management Company
23 April 2024 | 2 replies
Thinking about setting up a property management company to use for my rentals to show the income as part of the management company rather than personal finances.
Martin Guerrero
Have had several inquiries on AirBnb to rent for greater than 30/60 days.
23 April 2024 | 44 replies
Personally I find that a red flag unless they have a good reason.
Sandra Kim
Urgent - FIRPTA Nightmare - Title company won't write check to IRS
23 April 2024 | 6 replies
Accounting firms typically have nothing to do with this process unless somehow the title company subcontracted the preparation of the 8288 to them (which really isn’t necessary as it doesn’t require tax expertise, only familiarity with the FIRPTA procedures in general, which any title co who’s worked with a sale by a foreign person would likely know).This is indeed a weird situation and it definitely is unsupported by any authority in the code and regulations to send the withholding tax amount to an accounting firm acting as a middle man for the IRS unless they somehow expressly made an agreement to do so.Good luck with that
Renaldo Manuel
New to BiggerPockets
23 April 2024 | 5 replies
House hacking will also give you some personal "property management" experience.
Matt Hosch
Jumping into Real Estate
23 April 2024 | 7 replies
House hacking will also give you some personal "property management" experience.
Kevin G.
New to flipping. Do I really need a General Contractor?
23 April 2024 | 16 replies
That means scheduling the work in the right order, making sure materials are on site for the subs when they need it, and being available on site to make sure the work is done to your standard, and to resolve any problems that will definitely come up.I'd definitely find out what permits are required.
John Shotton
Impact of recent ruling on buyers agents going forward
23 April 2024 | 1 reply
I also received my broker's license tho (solely to become more knowledgeable while making personal real estate investments), but I don't see their logic, so I figured I'd turn to BiggerPockets to help me better understand what's going on.
Chris Baek
Debt Service Coverage Loans
23 April 2024 | 9 replies
Qualifications typically center around whether the monthly rental income can at least break even (1.00 DSCR) with the monthly PITI.We would simply need to know the following information to determine eligibility, interest rate, and loan terms for DSCR financing:o Purchase or Refinanceo Property Addresso Monthly Rental incomeo Annual Taxeso Annual Insuranceo Estimated Credit ScoreThe documentation is relatively light as well, compared to a conventional loan underwritten to your personal income/taxes/debts.▪ Entity documents ▪ 2 months of bank statements ▪ Photo ID ▪ Lease agreement (refinance) ▪ Sales contract (purchase)