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Results (10,000+)
Jay Dhanak Good areas invest in Greater Seattle area
10 May 2024 | 18 replies
Primarily, I am interested in BRRRR strategy so would be interested for value add/forced appreciation opportunity.Thanks in advance!
Carlos Ptriawan Biggerpockets and AI
10 May 2024 | 7 replies
Here are the key points:Reasons to participate in the capital call:It may allow the property time to stabilize and potentially sell within 24 months at a better price, avoiding a significant loss of LP-invested equity if forced to sell now in an inopportune market1.The additional capital can cover costs like rate caps and allow renovations to resume, which could help increase revenue and better position the property1.The operating agreement likely outlines the terms of the capital call that LPs agreed to2.Reasons to be cautious about participating:Capital calls can indicate the investment is not as sound as originally thought and is potentially at risk2.There is uncertainty around whether the additional capital will be enough to turn things around, especially if interest rates remain high and the market stays challenging for longer than expected4.LPs need to carefully consider if they would invest in the deal now based on the current facts, rather than just trying to avoid a loss on their initial investment4.Other important points:LPs should review the operating agreement, seek professional advice from their attorney, and ask the general partners detailed questions about the capital call2.If an LP is unable to contribute to a mandatory capital call, they may be considered in default and only entitled to the return of their remaining capital account balance, with no further distributions5.In summary, whether an LP should participate in a capital call depends on their individual assessment of the risks versus potential upside after carefully reviewing the deal specifics and getting advice from professionals.
Christina B. STR Insurance Medical Liability Coverage plus Underwriting request for Gross Income
11 May 2024 | 6 replies
Currently, we have a commercial policy with State Farm but when our lawyer reviewed it, she recommended we increase our medical liability coverage.
Gregory Herbert what does offer due by xyz date mean?
13 May 2024 | 9 replies
@Gregory HerbertTruly market dependentSome sellers will List a home below market value with offers due by a date to spur excitement The whole fear of missing out which is absolutely true in the real world and in life.
Laura Kreinbring Tax Advice, long-time tax platform user depreciation basis adjustment
14 May 2024 | 10 replies
The basis of depreciation for Property B will be the lesser of the Fair Market Value of the property on the date it was placed in service OR the cost of the property (plus any additions and improvements -- not repairs, but substantial improvements, such as additions or renovations).
Landon Harless Hello BP Community!
12 May 2024 | 19 replies
Happy to discuss MTR with you in the Orlando market or see if I could add value in any way. 
Emory Clayton What are you charging for Tennant background checks?
11 May 2024 | 3 replies
If they willing to take time to fill application and pay, I would review and move forward with next steps.
Joseph Molina How to post a project to BiggerPockets Community?
11 May 2024 | 2 replies
Here’s a link to the Rules and Terms of Service for our site to review!
Corazon B. Real Estate Agents want to keep the Good Ones?
13 May 2024 | 13 replies
So that leaves rookie agents who want to work with investors, but they have little value to bring to an investor. 
Ed O. Starting out - Avoid Bank of America
13 May 2024 | 25 replies
I know it's not mortgages - I've heard a lot of horror stories about processing done in one time zone, underwriting done 1,000 miles away and appraisal reviews being done in a 3rd time zone and none of them knowing what is going on with eachother.