Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Roy Jones New Wraparound laws for Texas
26 April 2024 | 4 replies
To protect the purchaser of the wrap-around mortgage, Texas Senate HB 43:provides for wrap payments to be held in a constructive trust by the seller for the benefit of the buyerestablishes that anyone collecting or receiving a payment from a wrap borrower in connection to a wrap mortgage owes a fiduciary duty to the borrower for the paymentsdiscloses the nature and risks of wrap transactions to buyers and offer consumers the right to rescind transaction/agreement when disclosures are not made timelydefines “wrap mortgage loans” as a residential mortgage loan:made to finance the purchase of residential real estate that will continue to be subject to an unreleased lien that attached to the property before the loan was madesecures debt incurred by a person other than the wrap borrower that was not paid off at the time the loan was madeobligates the wrap borrower to the wrap lender for payment of debt, the principal amount of which includes the outstanding balance of the debt and any remaining amount of the purchase price financed by the wrap lenderclarifies that a wrap mortgage loan may only be closed by an attorney or title companyprevents “house flippers” from registering as financial service providersprohibits a person from making wrap mortgage loans unless the person is licensed or registered to originate or make residential mortgage loansThe new law goes into effect on January 1, 2022.
Luke Pavone Looking for guidance
26 April 2024 | 1 reply
You are doing exactly what you should do to start, just do it at meetups more in-person.
Tina Swanson Conventional loan on rental property purchased by SDIRA LLC?
26 April 2024 | 7 replies
It must be a non-recourse loan, made to the IRA with no personal guarantees from you or close family members.
Lesley M. Tenant complaints about uneven floor
26 April 2024 | 6 replies
If there are places where wood is splintering such that a person walking in socks can get injured I would address that.
Chris Mason 4-star mobile home park mortgage options, April 2024
26 April 2024 | 10 replies
NOI, and thus cap rate, feeds into how much of a down payment is required b/c it feeds into the "sizing" of the loan.Many asset classes, like apartments and offices, have less than ideal in place cap rates today, so you need 35% or 50% down to buy them (unlike a DTI-based home loan, your personal W2 income cannot be used to significantly offset).
Steven Sullivan Starting Out Today with Low Income
26 April 2024 | 25 replies
I’m working on an Amazon-based side hustle at the moment, and have been trying to break into tech for the last year with 10 personal apps set to release on the App Store sometime this year.
Jim Windgassen Electric Vehicle Charging - Draft Lease Statement
26 April 2024 | 11 replies
No accommodations for Level 2 charging will be made without evidence that an EV will be charged regularly at the Property.If practical and installation can be achieved at a reasonable cost, either a NEMA 14-30 or 14-50 outlet will be provided to the Tenant to connect Tenant’s personally owned EVSE.
AJ Satcher How Does Subject To Financing Work?
26 April 2024 | 3 replies
This can be particularly appealing if the seller is facing financial difficulties, needs to move quickly (perhaps due to relocation, divorce, or other personal issues), or the property has little to no equity and they can't afford to sell it through traditional means without bringing money to the closing.
Tj Hock Culture Index for Hiring and Leadership
26 April 2024 | 0 replies
According to the Culture Index, I'm a "Technical Expert" personality type.
Joshua Kim reid Real Estate Note Investing
26 April 2024 | 13 replies
Disqualified persons include your fiduciary and members of your family (spouse, ancestor, lineal descendant, and any spouse of a lineal descendant).The following are examples of prohibited transactions with a traditional IRA:Borrowing money from it.Selling property to it.Receiving unreasonable compensation for managing it.Using it as security for a loan.Buying property for personal use (present or future) with IRA funds.