Hi BP, I closed on a duplex this past late June, I think I hit a home run, however I inherited two tenants as I have done basically for all my properties I have obtained in less than 2 years. One of these units needed...
Hello everyone,Hope everyone is doing well this weekend! I'm looking at some 6 - 10 unit complexes that require a commercial loan. The loan officers don't mind if I use my own money for the 25% - 35% down payment , or...
Hello all, newbie here with a question for any RE attorney or veteran of using OPM for purchasing real estate.
Suppose that I have a deal sitting on my desk but no money to fund it. I have a personal relationship wi...
It seems to be apparent that it is ok to request money from a hard money lender. I don't want to make assumptions however. If it is ok to request money from a hard money lender, why? Why is this not considered a gener...
Hello, BiggerPockets!After doing some reading and our previous experiences, we are debating if a Move-In fee would be a better option than a Security deposit. Does anyone have information or a list on the Pros and Con...
New investor here "closed today" on a duplex...YAY!!! I want to make sure I am taking the correct steps. Current tenants have low rents and seller did not require a security deposit. To cover my butt I realize I need...
I have a new CPA that is struggling to allow me to use the tax shelter from owning properties that have "Unqualified" debt. Maybe a partner signed for the bank debt or I took a property subject to that disqualified ...
Hello! Getting ready to do a flip as a passive investor. I will be funding the entire project and my partner will be doing everything else (finding property, doing work, managing contractors, selling property).I wou...
Taken from a Tedx talk that was published in September of 2014, this inspiring video left me thinking about how principles used in successful hostage negotiation can be applied to leadership. So what do you think the ...
My property management company is a large, reputable turnkey company. I’m getting ready to purchase another property with them. I was going through my two existing leases with my two existing properties with them. ...