Hello,Looking at some Turn Keys projections for management fees, vacancy, maintenance they project 8%, 4%, and 4% respectively while my calculations are for 10%, 5%, and 5% on my calculators. Am I overestimating cos...
Hi thereFirst of all, I understand that a lender wants uninterrupted insurance coverage for any property they have a mortgage on. What baffles me is that they are trying to force sell me insurance for the past, when w...
Hi everyone,
I want to install some wireless cameras on the common areas for our first multifamily property (6 units) and someone told me that they might no be legal so I just want to make sure. Is it ilegal? Have y...
Hi Everyone,
I have a Mulit-family that isn't producing and is in an area where I am trying to pull out of. I have an offer to take over the mortgage plus a small cash offer. My mortgage states that it is not Ass...
Hi,When you win a Tax Sale Deed, what are the risks with the prior owner filing bankruptcy prior to, during or after the sale? Does this effect your deed and how can you safeguard yourself from this if they can take t...
Hi BP!
I have applicant for a rental unit that is currently between jobs, but would like to use a large savings account to meet the income requirement to qualify.
One of the minimum requirements that I have (and sta...
I have a buyer (a builder) for my property (vacant land in CA). The buyer wants to put down $100,000 and wants me to carry $250,000 (1st) for 3 years at 6.5% with only a one time balloon payment at the end of the 3-y...
A friend and I are looking to partner up and buying a rental property. He's concerned that doing so will affect his future ability to borrow for a personal mortgage. What are some of the best ways to safeguard against...
Hi, new here just looking for a little guidance on where to start... maybe a couple of different web sites I can brows.
Thank in advance
Hello Bigger Pockets, I’ll cut to the chase and keep it short. I am in the process of securing funds to start my investing journey and I sat down to discuss it with my CPA before my wife and I make any purchases. She ...