Jason Langford
How to structure partnership and paperwork
Looking to purchase my first real estate investment as a vacation home for financing purposes. It is in Florida and I am in Kansas. In order to mitigate risk I have three partners that will put in the same amount of m...
Carlos Tchinda
Gas Pressure Dropped from 20 PSI to almost 15 PSI in 30 hours
I has a license gas professional test my gas pressure. After going from 20 PSI to zero in couple of hours, we changed the fittings. The gas pressure was pumped to 20 PSI then It went from 20 PSI to almost 15 PSI in ab...
Esther Matthews
Due diligence after offer submission in land
This will be my first time buying land. I usually just flip houses. I’m buying a piece of land that has had a house on it before (it burned down) and currently has an old mobile home, on the other side of the property...
Account Closed
529 Savings Plan for Down Payment?
Hey! I am thinking of buying a property close to campus for my fifth year and using the FHA 3.5% down payment. My close friends are likely to be my tenants for the first year. My parents still have money saved in a 52...
Danny J.
Purchasing for purpose of renting to own?
An agent from an area I'm looking at reached out to me saying theres someone looking to rent to own a property and she asked if I'm open to it. The person is apparently looking to spend about 50-60k total but can only...
Michael M.
Help: City Complaint Against Property Tax Valuation?
Hi All, So my PM sent me a letter they received where "The Board of Education as filed a complaint against the County Auditor's valuation of your property for tax purposes". Then they go on stating I can contest this ...
Chris Pesola
FHA Underwriting
Hello Biggerpockets members. FHA underwriter is requesting a second appraisal(which I figured) and asking for a "written LOX for the purpose of the quick property turnover". Has anyone gone through a similiar situati...
Marcus House
Calling all Residential Turnkey Investors
Calling all turnkey investors (not sellers). If you invest in turnkey real estate I would like to hear from you (especially if you invest in the KC market). If this is you please respond with the following:
1. If y...
Joel Phillips
To upgrade A/C unit and furnace or not?
beginning my first rehab house (about 2000 sq ft house, 2 story on a slab)
I walked through the inspection and took tons of notes. I have my list of projects and a budget. My question is this:
The A/C...
Bimal Doshi
How does appreciation of rental property help
Generally an offer to purchase a rental property is based on the cap rate
= Annual net/ amount invested.
In a situation where property value goes up, how will the end buyer benefit.
Bed.
Hop...