Austin Montgomery
Can’t Qualify for Loan Due to Short Financial History
I graduated from college in May 2018 and am currently an active duty Army officer. Since graduation, I have acquired 1 house-hacked SFH, 3 rental SFHs, and completed 1 flip with a partner. I am currently under contrac...
Justin Brown
pro forma cap rate and purchasing cap rate explanation
I was wondering if anyone could recommend some good articles or videos on cap rates. I have tried googling it a few times and don't really understand pro forma cap rate, and purchasing cap rate and how it applies to a...
William Hinsche
Bookkeeping - How to reduce this expense?
Hi BiggerPockets community,
For the bookkeeping portion of rental properties, 1.) what are the best strategies to reduce this expense if you want to outsource this operation? 2.) How often will the bookkeeper need to...
Tim Hertz
Has anyone used an escalation clause?
Hi, I am getting ready to make an offer on a house and I know there is another offer being made by another party. Has anyone heard or used an escalation clause with your offer?-Tim
Thripura Vemireddy
Timber value in 5 acre lot?
Hi
I saw one 5 acre lot with lot of timber in Atlanta, GA, if I want to clear the lot, would any timber company buy the timber and clear the lot?
if not whom should I approach to clear the trees and clear the lot.
...
Chris Parsnow
Roof Rejuvenation in Virginia
Hi All,I joined a few years ago when I had investment properties which I have since sold. My new venture is as a Roof Maxx roof rejuvenation dealer operating in Central Virginia from the Shenandoah Valley to Richmond....
Account Closed
Expenses > Cash Flow for the First Year ?
Background:$50,000 house3 bed, 2 bathCash Flow:Rent - $850Expenses:Down Payment - $10,000Mortgage - $201/mo (30 year loan)Rehab - $10,000Repairs - $500 (may or may not spend)Property Management - $85/mo (10% is fairly...
Janice Ciaccio
Insurance for demolition
Hi,This is my first post to Bigger Pockets. I am on the verge of purchasing a double lot with an abandoned house. The house is of no use, and will have to be demolished. Instead of rebuilding the house, we are plan...
Steven Rausch
Apartment Locator Service
I'm interested in starting an apartment locator service in my area (Denver). Very similar to this company https://vitalocators.com/ . My question is, do I need real estate license to perform this service for tenants? ...
Johnny Brown
I want to put this deal together and don't know how i should really structure the whole thing.
Okay so I have found a property for 13 million dollars this is a hotel and right now its noi is at 6.5M but it has a potential to have a noi of 152M. Just by that lets me know that business must be very slow or no...