Chase Leibfritz
Can two people sell separate properties and 1031 exchange into one w/LLC parnership?
Here is the quick question: My mother in law is looking to sell bare land in Idaho that is owned outright. It is expected to bring 750k. I have a property that I am selling in Utah at 630k. Is it possible for us to f...
Cole Baker
What is DSCR at Purchase?
I am confused with what "DSCR at purchase" is. Does this not include the construction loan ?
For example, when the DSCR is 3.00x and the Loan to Purchase is 68% , does this mean that NOI is 3.00 x the debt from a lo...
Jeff Watson
Student Housing property management agreements
We are revising our management agreement as it relate to the student housing we manage. Wanted BP input on some items:A;) Typical fees charged. Right now we only charge 10% of gross income (rent, fees, forfeited depos...
Matthew Irish-Jones
Real Estate Syndication, Partners, and What to do about Capital
Hi,My name is Matt, I have been involved with Real Estate investing for 6 years. I am a 25% owner of a LLC with over $1,000,000 worth of property. I also own my own double in the city of Buffalo that I will be doing...
Keely C.
electrical meter count
Hello,Consider a building with 3 dwelling units, and some common space (laundry room and stairwell.) There are currently 3 meters, the laundry/stairwell/outdoor power connected to house meter. Each smaller unit has it...
Varun G.
Buying turnkey with repaired foundation in Texas
Hello BP Community,I am looking at a turnkey property in the DFW area. There has been a considerable amount of foundation work done (addition for piers, leveling, etc). Is this common problem in older homes in Texas?...
Nicholas Earls
Real estate pros: what annoying things do new investors do
I'm any field there are annoying things that clients do constantly that seem like common sense to people in that field. What area of real estate do you work in and what are some common faux pas that new (or experienc...
Kimberly T.
Fourplex that is in a "HOA" that has no dues...
Background: I recently posted about a fourplex that is on owned land, but that land is basically only the footprint of the building: http://www.biggerpockets.com/forums/311/topics/150...I just received word from the l...
Scott Polisar
Opinion re pricing a house that has been demoed to the studs vs pre-demoed
I have a house in Brooklyn NY that had flood damage. After a week of demo, the interior was taken down to the studs. Before demo, I had (still have) two direct buyers (not investors) who had agreed to my price as lon...
Marisa Alvarez
Umbrella ☂ Policies 🥺 (????)
I have a Corporation with rentals and a Liability Insurance for it.Then I have an i surance for my car and another for my home and an Umbrella ☂ policy that covers those. The purpose with this one is that if I got sue...