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Hi BP'ers! Looking for some advice about a pocket listing sent to me the other day. I don't have much experience with the Commercial REI realm and would appreciate any advice. This is a 3,000sqft medical facility that...
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This is question is not my predicament, but it has crossed my mind. Here’s the scenario. Renters signed a 1-2 year lease. At end of the lease they give notice they aren’t renewing and they’re moving to a cheaper rent ...
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Hey everyone, so as I’m trying to get into my first flip I’m finding the best deals as “cash only.” So before asking here where I knew I’d probably get the best answers I went to google first. I’m finding (most notab...
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Hey BiggerPocketsers (ya we really need a term for this community 😂)My teammates in insurance/accounting and my CPA are frequently asking me how much each property in our portfolio is worth with a breakdown of land vs...
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Tenant is always late in paying rent and did not even pay last month's rent. There is no high hope that they will pay for the repair cost after the property is vacant. Hence, I want to do the repair myself to minimize...
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Are the draws I take for rehab on my properties considered other income on my P&L statement or are they not included at all? My reason for asking is because all my expenses (subs, material, interest, and utilites...
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I'm new to note purchasing, so any help with this situation would be much appreciated.I'm wanting to purchase a note from a man who owner-financed a property he sold. The selling price was $165k with $15k down, and th...
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I haven't gone to a bank yet, but am wondering for those warriors out there in the market buying flips, how little are you putting down with traditional loans? How loose are the restrictions these days since the ...
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I have a house under contract as a wholesale deal in New York City. It's a classified as a two family but it only has one meter. The upstairs unit has 3 bedrooms, 2 baths, but the downstairs unit is a studio style alt...
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Hi I'm about to get a property under contract for $155k. Now I'm looking to do a double close. My contract that I had my lawyer draft says that buyer pays for a all closing cost but does that also mean their selle...