How do you guys underwrite property taxes before making a purchase? There's always the possibility that they can go up a significant amount based on a number of factors that would really compromise cash flow. We clo...
I’ve had a few applicants through Zillow, sub 600 credit scores, debt collectors on their credit report. How do you guys evaluate these? Is this an automatic no or do you seriously consider the application? The proper...
I had a mentor ask me a very important question. What Do You Want? At first I wanted a cash flowing investment property and to get as many as I could as fast as I could. At the time, living with my family of 5 in m...
Hi,
We are buying a triplex in Philly, as a rental, not to live in. Regarding the cost of insuring the building, which is being purchased for $262,500, my agent quoted me $2486/year. Does this sound reasona...
I've HAD IT with the idiots at CapOne! I've opened 4 tenant accounts this year and they've screwed it up 5 times! Here in NJ we're required to have separate accounts, fact I successfully ignored for years, but since ...
Took an 80K house, rehabbed to the studs for 55K including every problem imagined and left with 30K after 4 mns on project. Carpenter ants, termites, leaky foundation, electrical contractor that walked out for bette...
Situation:My friend's uncle has a $2M property in Queens, NY. An investor offered him $3M but turned it down. The uncle offered my friend the opportunity to develop it because he's getting to old to develop it himself...
I am not sure how I ended up on the Mashvisor distribution list, but it happened, and they recently sent me the following article:https://www.mashvisor.com/blog/price-to-rent-ratio...In this article they argue that th...
Hello Bigger Pockets Community Members!
I am hoping that someone can help shed some light into my situation...
Here are the facts. I am the owner of a commercial property. The title to the deed is under my legal nam...