Michael Narup
CapEx estimation on a Condo
Hi BP!
I am trying to evaluate how large CapEx should be when evaluating a property if the HOA includes the roof and siding. My rough rule of thumb has been 10% of rents for newer single families and 15% of rents for...
Justin Cortez
TEXAS "SUBJECT TO" plan and questions
hello everyone,
so I've recently found a few pre-foreclosures. but looking at the comps in the area the homes have 20%-40% equity. my original plan that came to mind was to do offer a few different solutions and then...
Kumar Gaurav
Defer mortgage payments??
Hi,As the novel coronavirus impacts the earnings of millions of people, financial institutions are promising to provide aid immediately,in the form of deferred mortgage payments,etc so people can stay in their homes d...
Alex Verdugo
Deposit money holding
I'm about to purchase my first deal, a multifamily quad. There are a couple tenants living there now which means I will be receiving their deposit money. My question is, do I need to keep that deposit money in a tru...
Reese Phillips
Going Full Time w/ my Property Management Business, Any advice??
After almost 12 years in the banking and financial arena, with two amazing financial institutions, I am now running my Property Management company full time! I have owned and operated as the President of this...
Andrew Gomez
Audited Profit and Loss Needed ?
I am currently trying to finish my application for my first House Hack; I currently own a trucking company in Texas. My current financial officer stated he needs an Audited profit and Loss for 2020 however that would ...
Jerry Villa
Advice on searching for lenders and how credit can be affected
I've heard on biggerpockets podcast hosts suggest you to keep on searching for Credit solutions, even after one bank has declined your application, so i wanted to know how does shopping around affect your credit? Do y...
Kulton Jackson
Investing with a VA Renovation Loan
Has anyone ever used a VA RENOVATION LOAN to pay for a home/plex? If so, what financial institution did you go through who lended it to you?
Tristan Cabrera
Pursuing a degree in Real Estate
I’m currently interested in pursuing a degree in real estate by using my GI Bill I attained from my service in the military and I wanted to ask is it worth it. I currently work a full time job and I plan to do full ti...
Hen Ley
Title insurance for private lending?
I'm looking at becoming involved with private lending. I know when someone receives a traditional loan from a financial institution they typically are required to purchase title insurance to protect the lender. Do p...