My fiancee and I own a rental investment property under our LLC (structured as partnership; 50%-50%). The property was bought with cash in August of this year, and it's in San Bernardino county, California. We just ...
As I understand it, house hacking would traditionally mean living in one unit of a multi unit property for at least a year and that would allow you to rent out the remaining units and then the unit you would live in a...
So, I have been evaluating and conducting research on most costly turnover expenses, I have a few that have made my top (5) list. I am curios to hear from other BP Members, what there most costly expenses are for tena...
It's common knowledge that a basic qualification for a tenant is to show income that is 3x's the rent. However, if a husband and wife or a boyfriend or girlfriend are filling out the application, is this a joint requi...
Hello, Rookie here! And I just booked my first deal!! Closing late Oct in Rochester NY! Pretty excited! I got a 4 Unit Complex with long term tenant who seems to be current. But need some encouragement because I’ve be...
How do you guys feel about purchasing a property that has a tenant already renting it? I am going to purchase my first investment property in Jax in the next two months, and I met with a realtor yesterday. She asked m...
Is it smart to build a buy and hold business buying thru wholesalers vs learning the whole acquisition side and competing with wholesalers? Just a little context, I own a traditional business (non-real estate related...
A while back, Holdman and I had what I thought was a very useful back and forth on a grey area of what was and was not a prohibited SDIRA transaction. You can read all about it here:
http://www.biggerpockets.com/f...
Hi all, I'm hoping to buy my first rental soon, maybe the new year, and currently have zillow notifications on for MultiFamily properties around me. One that just popped up in my price range is a four-unit (2/2s) and ...
I have a newbie question. I see hard money lending is usually used for flips. Would there ever be a situation where hard money could be used to purchase a property that could be a buy and hold and used as a renta...