Hans Restuccia
Would anyone care to share the contents of their BUSINESS PURPOSE AFFIDAVIT??
Here is some language from the one we are using:
2. The entire proceeds of this loan are to be used for a business purpose and not for personal use and the property will be rented for a period in excess of 12 months....
Paul Passafiume
Anyone tried Ziprent or remote property managers??
So I am managing a condo for rent in Orlando remotely. Anyone used Ziprent? They want $1000 for lease up. They use lockboxes and no live agent tours. How good is this? It seems to be cheaper than a manager and plus th...
Natalie P.
HELP - we can’t get approved…. Or can we?
My boyfriend and I are trying to buy a property in the Sacramento, CA area. We’ve gone through the process of doing an application and submitting the required documents, and our lender is saying our combined income is...
Sean Ploskina
Clauses for off market deal
After blatantly copying @Brandon Turner 's plan of mailing property owners I have found an elderly couple looking to sell and are open to owner financing. I have 5 properties of my own so the process isn't brand new ...
Tom Lafferty
Did your investors complain about 506c verification process?
I have only done 506b offerings so far, and am considering a 506c. My only hesitation is the grief it may cause the investors as they go through the verification process to prove they are accredited. Have had severa...
Hahna Reyes
If tenant refuses to pay last month rent+electricity
My lease agreement with tenant is month to month and the rent has to be paid by tenant by the 1st of every month. But now it’s the 3rd already and I don’t receive the rent from this tenant yet. Today (3rd) I’m going t...
Devyn Caraballo
Repair Value Question
Hi BiggerPockets family! Hope all is well!
How do you estimate repair costs without having a walk through of the property? Do you just send pictures to the contractor? Do you ask the real estate agent who posted the...
Andrew S.
tax deductible interest - yes or no?
Hi,
I'm getting conflicting advice from two CPAs and was wondering if anyone cares to chime in. Here is the situation. My primary residence is paid off and I want to tap into the equity in order to acquire rental re...
Nicholas Armstrong
Unlimited Capital
Hey Guys!If you were to come across an opportunity that granted you seemingly unlimited capital to work with, what would you do?Flip?Buy/Hold?Syndication?Commercial?New Development?International Investing?Short term/V...
Jendayi Brandon
Due date error on the lease
Hello-I made a typo on the lease that stated rent would be late after the 10th or each month but it should have been the 5th. My tenant is refusing to sign an amendment. Is this one that I have to eat?-thanks