Account Closed
When to start the search?
Hi everyone! Hope all is well, my name is Edwin and currently reside in Northern NJ. Began exploring ways I can get my foot into REI a few months ago and the eagerness to invest has grown over time. Currently renting ...
Chris H.
Option Consideration Amount
How much should you give a seller for "Option Consideration"? Some legal sources state that it takes only $1.Some guru's say you don't need any money and some say they give the seller $100.What do you give the seller ...
Kenny McCray
Property Management: to outsource or not???
Welp... things didn’t work out with my previous property manager, who was working for me in-house. That is the second one that didn’t work out. I’ve invested in Buildium, got my leases and processes down, a file sha...
Nick Beeler
Seeking Cash Partners - Advice
This post is inspired by three deals in Spokane, WA that I found in the last month, all of which I would have jumped on, that were all-cash fix-n-flips. Since I am new I do not have a large pot of cash to use, so I am...
Jason P.
Question on appraisals
I’m doing a cash out refinance on my property (2.65%) and I want to get the highest appraisal amount. This is my primary residence. Since I have bought it I built a 14’X24’ shed on a slab permitted with electrical. ...
Anthony Larson
Renting Rooms
Here in las vegas, from what I can tell, renting out rooms is very popular. I was wondering if anyone out their buys properties with the intent of renting out the rooms rather than renting out the house as a whole.
A...
Account Closed
Do I need to file a Partnership Tax Return if I am a co-owner?
So long story short, myself and another person co-own a property 50/50. We hold the property in our individual names. We have one property and after getting a rather large CPA bill ($1600+) for the 1065 Partnership ...
James Gravitt
SAFE Act Questions
Is this something we need, if we plan on financing the MH's ourselves? Do we have to be licensed now? Or will we soon?
Account Closed
Mysterious antique pump in residential garage
Hello all,
I've got a circa 1900 property with a pump in the garage, and there's no record at city hall of what it is for or when it was installed. There's a small padlock lock at the end of that chain ...
Steve Miller
Valuations based on actual vs projected rents
I am reviewing properties for my first purchase. I’ve educated myself here (thank you BP!) for buying a 4 to 6 unit building. My questions are:The property details list the current rental rates and generously forecast...