Linda Lynch
Proof of funds letter
Linda here in Florida. New to the site. I am trying to get a proof of hard money funds letter to present to agents. I could jumpstart my business by weeks if I have this. If there is an investor willing to ve...
Account Closed
Closing on multi-family. How do I get the pro-rated rent?
Hi all,This is my 1st deal and my agent is telling me all the pro-rated rent should be taken care of by title company. I have the final closing disclosure from seller and it does not have any pro-rated rent or deposit...
Greg Larson
Annual Operating Expenses
Hey all, I'm looking at a duplex property that was just put on the MLS. It's stating that the annual operating expenses are only $500.This sounds unrealistic, correct?If so, is it common for MLS figures regarding GOI...
Justin Goodin
👋 NOI / Cap Rate is Pointless
❌ Stop dividing the NOI by a cap rate to find the value of a deal.
When I come across a potential deal, that's the last thing I do.
It's pointless
→ I want to evaluate how the property is performing NOW
→ Where i...
Kaleb Packer
Would you buy a property to flip that's tenant occupied?
Hi fellow BP nation,I have (what seems to be) a pretty good deal that I intend to flip, but there's one catch... it's currently tenant occupied. The tenant is month-to-month and the seller is willing to issue a 30-day...
Jasmine Vida
Background check on Canadian citizen
Looking for recommendations on how to screen a Canadian citizen for my property in Florida. I usually use avail.co or Zillow, but He does not have a SSN so he cannot complete my application for a background check. Can...
Michelle Gonzalez
Are tenants hacking Zillow's credit score tool?
So I just rcvd a rental application from Zillow and the credit score is showing 714 which sounds good... BUT there have been 24 late payments with the last late payment made in Nov 2024 and 0 paid on time. There's a ...
Edgar Avilez
Loan Officer Advice
Hello BiggerPockets Community, My name is Edgar Avilez. I am a 24-year-old real estate newbie currently living in Ventura County California. I have a phone call with a loan officer this Thursday, 7/9/2020 for potentia...
Kweku Ako-adjei
Private lending and Dodd-Frank
Hello BP'ers, I have a question about raising private money and how that works with Dodd-Frank now. I've done a few deals now and I'm looking to raise some private money from some friends and family. What are the rul...
Allan Turcios
Quality VA service recommendation?
Hello Bigger Pockets!For anyone that has used a VA and has worked to their favor, any advice on where to go to find a quality one? Or can you refer me to someone you know? I would love to have a structured service lik...