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What happens to the tenants security deposit if I purchase a multi family building with tenants already in it. Do I get those from the previous owner? Do I have to factor that in as a cost of purchase? Is there a s...
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This topic comes up frequently on BP and it is something I am currently wrestling with for some new projects I have found. What percentage of your net worth are you willing to risk on any given type or set of project...
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Economic Update
(Monday, August 10, 2020)
The resurgence in coronavirus cases is sidetracking an economic recovery that gained steam in May and early June, slowed in July, and now indicates a rocky path ahead. ...
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I just put together this spreadsheet for using comps to estimate the value of a potential property.
Have you ever wasted time trying to play around with adjustment amounts to get your comps to all end up around the s...
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Hi all! It is my current understanding that in order to qualify with most lenders for a commercial loan, the loan applicant needs to be a business entity (i.e. LLC). First and foremost, if this is incorrect - please l...
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I'm interested in getting some user feedback on an important topic for me, as I think it will help us better shape BiggerPockets to fit YOUR needs. I'm hoping to learn more about what our users are taking away from t...
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I currently live in Hawaii, but I used to live in Northern Indiana. A deal popped up back in IN. It's a package of 4 houses (8 units total) for $200k, cash-flowing $30k+/year!What kind of advice can I get from the BP ...
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I'm on day 3 of setting up Podio. My first project is organizing the properties/contacts I've identified while driving for dollars. I feel a little stuck at the moment as I'm trying to refine the apps.My thought is th...
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Hi All,I've recently had someone apply for a 1 bed 1 bath apartment I have for rent. I'm having a hard time deciding if I should accept the application or not and would greatly appreciate any feedback one way or the o...
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I have a new tenant that wants to vape. My PM has a no smoking/no vaping clause in her contract, and he (tenant) wants the vaping part removed. Does anyone have any experience with tenants that vape? Will vaping ca...