This quote says a lot about me. First let me begin by saying I am new to the world of real estate and have been learning so much this entire month. I stay up late and wake up early to make time to learn. My inspirati...
My wife and I are about to close on our first home. The house was built in the 1800s and although it is zoned as a multifamily, it has never been used as a multifamily before us. The two units are currently accessible...
I received an application for a rental and everything looks fine, income, credit etc. the rent is $1600 and security deposit is a month and a half, the total to move in is $4000, however they only have in savings $290...
My property management company (in a very small town) has informed me they do not provide 1099's to owners for tax filing purposes. They do however provide a cash flow report.Are they required to issue me a 1099?If n...
A colleague's church that rents is looking to get a loan to purchase commercial space for their congregation. They don't have credit nor grants nor file taxes.Is there some way they can get a mort or loan based on mon...
Why doesn't BiggerPockets have a section for out profiles titled "needs" @Brandon Turner ? I was listening to your most recent podcast and listing out what your needs and haves got me thinking.1. Why does out profile ...
So there must be other places like my town. The average (decent shape) 2 family home is selling from 250k-325k. And the average rent is $1100-$1300. These numbers don't work out for the 1% rule. Everything I've ever r...
I am putting in an offer for a 5plex multi-family residence and the sellers P&L statement for the previous year shows 100% occupancy. I requested that my broker ask for an Estoppel Certificate be attached to the p...
The house is a duplex. Asking price is $66000 and it looks a bit run down and I haven't seen inside it yet. This is the Description:Owner Financing, 60% of the monthly rental ($900 x 60%= $540) plus 4% annual interest...
Disclaimer: I do not have a Pro membership so I am not familiar will all of the current benefits of that upgrade. Some of the most common questions I see in the forums are related to rent collection and property manag...