Hello,
I recently purchased a property and noticed that the landlord included storage in the garage for two tenants. The property consist of three units and I am occupying one of the units. I need to convert the gara...
Hello BP Family!I'm looking at a deal in Baldwin Park, CA for a 26 unit multi-family home. This is my first time reviewing a deal and was hoping someone can help me with some of my questions. 1. On the marketing sheet...
Have a current deal under contract should i move forward or ask for reduction or walk away from the deal due to uncertainty timesConcerned not enough buyers come July when anticipate having rehab completed if purchased
I’m currently under contract on an REO property here in Chicago. After the inspection I was made aware of significant mold issues as well as some foundation and rat issues that were not obvious when we made our offer...
Hi Guys, Im working on possible deal and the seller is willing to finance 85% of the price. His reason is that he doesn't want to pay income Tax or depreciation recovery. (Sold a business and have high income this yea...
I'm a nuevo Real Estate Investor, and closed on my first investment property on November 1, 2017. Based on many books, blogs, vlogs etc., it seems that cash flow should always be the priority. Therefore, my first plan...
What is the typical ARV reduction on a property if is in a floodplain? I'm looking at a property, that would have an ARV of approximately $210,000 if not in flood plain. Looking at two options either keeping it as a...
What would you do if your seller couldn't close on the date agreed upon?Would you take advantage of the situation and ask for a price reduction.It is an estate sale and the seller don't yet have all the paperwork nece...
Hello BiggerPockets Family,I own a 3 unit multifamily house and I'm considering having a cost segregation study to accelerate the depreciation on the property. I know that this makes sense as a tax strategy for comme...
In late March of 2019, we purchased our largest flip to date, both in terms of the purchase price and square footage. This was a property that our agent was able to get under contract at auction and later provided to ...