Aaron Araujo
ORDER OF NOTICE?
Hello BiggerPockets Community!I have a question regarding an add in my local news paper classifieds. I've had my eye on a property in my neighborhood that has been vacant for a few years now. I visited the city assess...
Rich Hupper
Possible Sub 2 Deal? Can someone advise?
HelloI found a homeowner who bought a 2 family back in 2003 for 225,000. Due to poor management on their end they have defaulted on two mortgages.I believe both of the mortgage debts combined equal roughly 215,000. AR...
Brian W.
How much time do you spend owning and landlording per month?
Considering all things related to landlording, how much time do you spend per month per property?
If you own multiple properties, please disregard economies of scale and try to estimate how much time you would spend ...
Lane Beene
Profit sharing for passive investors
I am joining forces with several investors for the purchase of an apartment building. What is the typical arrangement for distribution of cash flow, profit sharing, and sales proceeds? My template is: 8% quarterly...
Ariel Moore
Wrap Mortgage
We are working with a seller in foreclosure. There is quite a bit of equity in the home and it only needs minimal upgrades and repairs. The foreclosure sale date is fast approaching...only a few days left. The s...
Kam Jefferson
Inherited “tenants in common” property—Help!
Greetings! When my mother passed away, she was a co-owner of an office space condo property. Because it was a “tenants in common” property in Virginia, I became co-owner of the property as her sole heir. This was in 2...
Niki Cunningham
Yellow Letter Frustration
I've learned a very expensive lesson: to get my list myself! I placed my first yellow letter campaign with 500 letters, sending out 100 per week. What I thought I was getting was an absentee owner's list for my county...
Ari Bachrach
What sort of paperwork do I need to generate for a flip
I'm signing the papers to sell my first flip in a few hours. Despite everything going wrong that could have gone wrong, we're actually going to make money on the deal. (Wooo!) The flip was done in a multi member llc t...
Alberto Leonard
Value of tax accountant/preparer with real estate specialty
Still in search of my 1st deal for a rental property. Hoping the right deal is found by the end of this year. I've used a tax preparer for several years and happy with her service. I haven't inquired yet but I do ...
Tammy Donivan
Starting a Property Management Company
I'm in the process of starting my own property management company in our small town after managing our own properties for the past 5 years. I just passed my state licensing exam and am now looking for some advice/reso...