Michael Dallas
Documents to Ask for in Closing Process
Hey BP, I am going through the process of buying a 9-unit multifamily property. I was wondering what all documents do I need to make sure I get from the sellers to verify the information they are giving me.
Stefan Gnapp
Newbie from Tallahassee, FL.
Hello Everyone,
My background in real estate is very limited. I met a man here in Tallahassee (randomly in a subway while I was waiting for my car to be repaired) who referred me to the Bigger Pockets Podcast. I've...
Account Closed
QuickBooks For Rental Properties
Hey,I recently been using QuickBooks for my rental properties, but I still don't really see a big need for it? Will using QB be beneficial for my business? Someone told me It will help me get Business loans in the fut...
Billy W.
Cap Rate - Add back depreciation/Amor?
Hey,
If I am looking at a properties income statement, do I add back depreciation and amortization into net income before non cash items?
For example, I have a friend who's dad wants to sell his 100 unit property fo...
Vilson Nikollaj
Fund 501 Reg D - Financial Reporting Requirements SEC
Regarding investments in Funds under 501 Reg D, does anyone know if there are any financial reporting requirements? Such annual Balance Sheets, P&L Reports, Statement of Cash Flows, etc that the manager is legally...
Sam Abazari
PRE-QUALIFIED VS. PREAPPROVED: WHAT’S THE DIFFERENCE?
A very common question that we get asked as our clients get ready to buy a home, is what is the difference between pre-qualification and pre-approval? Are they the same? Is one better that the other?
The truth is the...
Eric Davenport
Would you pay more for owner financing?
Hey everyone!
I am wondering, if you were looking to buy a package deal of 3-4 properties consisting of ~15 units and the owner was willing to seller finance with low money down, would you pay close to market value?
...
Matt Liu
How to do due diligence on an Office Tenant?
I am looking seriously at a single tenant office building. The only problem is that the area is not very good, so ALL bets are on this one tenant (a non-profit that "helps provide services to more than 10000 people wi...
Tauno Peters
Renting to a small business owner
Aloha,I have a unit in Oahu Hawaii that some one from another Island applied to rent out. He is going to be living there but not running his business out of the unit. As being self employed he does not have much repor...
Jose Belman
Building Credit for your LLC
Does anybody have any experience how your LLC can obtain credit in order to apply for credit cards? I understand the sole manager can apply but how about the LLC/entity . Thank you