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When submitting an LOI for a small multifamily property, should I use a lawyer to draft a template to use? Or is there a standard LOI most investors use? If so, would anyone be willing to share an example?
Thanks i...
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When starting out how important is it to build a team ? Do you think a person can go it alone in this industry and survive ? Well I think it is super important to surround yourself with a team of people that have the ...
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I was just asked why $1M in assets is better than $1M in savings. I believe $1M in assets is truly worth more, but I honestly don’t know why. Can someone please explain?
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Good morning BP fam!I was curious as to if anyone knows how much of a rehab can be done if I plan on using an FHA loan. I know that to meet FHA requirements, the home has to be livable. What type of rehabs should I be...
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Hello, we own and live in an 1150 SF single family on a 5200 sf lot with alley access in Encino. Looking to add about 700sf on to the main house, to include a primary suite. At the same time, adding a 650 SF 1br/1ba d...
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A while back I posted about my First Chicago Wholesale deal here:
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Taking over payments on a house or more formally known as buying a house "subject-to" existing mortgage is an excellent way to help out a home owner when other buying methods fail. Its a win-win because you are stopp...
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Even as someone who spends all day, every day thinking about BiggerPockets and constantly striving to make the community bigger and better, I still have a TON of trouble quickly explaining who and what we are to frien...
Hi,
I've been in need of some reality check and just found this site.
How can I find other tenant-slaves (landlords) around Boston?
I have 5 units in Boston, been at this for just a few years, and have learned every...
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Thoughts on this? https://www.bloomberg.com/news/articles/2020-05-12/if-landlords-get-wiped-out-wall-street-wins-not-renters