Ryan Bird
Contract Cancel Terms - Buyer Illinois
My real estate agent told me that a buyer can cancel an executed contract within 5 business days of signings for any reasons. Is this true? Are there any exclusions?Reasons is because I was planning to give multiple o...
Frank W Clark
5 Valuable Rea$on$ Why New RE Investors Should Get Licensed
It's true: you really don't need a real estate license to be a successful investor. Most people reading this already know that.BUT…There are five main reasons—and valuable ones, at that—for taking the exam and getting...
Adam Johnson
Where to Purchase Partials
Hello all,I have been researching notes since June of 2018. So far I've read several books and listened to several note podcasts to get myself educated; at this point I would say I know enough to make mistakes and lo...
Max Bailey
Seller financed underwriting made easy
Just wondering how many people out there are trying to understand Dodd Frank and the "Ability to repay" standard that is required for all owner-occupied home loans. I've been having conversations with investors from ...
Florence Lecuyer
Buying a property in another state
Hi,For those of you who have bought a property in another state than your residency, can you share your feedback on how you proceed, how did you find a good real state agent and property manager, what are the mistakes...
Bill Gulley
Do You Need A License? Which One? Why?
This is a topic with many opinions, many are just wrong missing the underlying requirements for the different licensing issues related to real estate ventures.
Areas where licenses may be or are required include, but...
Ben G.
Newbie in Boston, MA
Hello Bigger Pockets - My name is Ben and I got started listening to the BP podcast on my drive to work last month. I'm currently renting in Boston, but interested in entering the world of multifamily properties. In p...
Tucker Walser
Estimating a ballpark rehab job
Hey!Before doing a thorough inspection on the house to accurately estimate the rehab job, is there a quick method that anyone uses to calculate the rehab? In order to quickly weed out prospects when analyzing properti...
David Smith
Is a potential renter's total debt a liability or blessing?
I have a potential renter who makes 6k monthly, almost an 800 credit score, 96% on-time payments, 60% credit used, and $370k in debt. Would you lease to this renter? Would this renter be considered a liability or a r...
Darnell Simon
Using a Self Direct IRA to Fund a Real Estate Holding LLC
Does anyone have resources on best practices for using a Self Directed IRA to fund a Real Estate Holding LLC?I am interested in using the funds in my self directed IRA (& possibly those of a few close friends) as ...