Shayne Hastings
Agent Commission Structure
Hello all, I have a question regarding a commercial lease. The lease structure was a "10-year" lease with the option to leave after 5 years if they chose to. The tenant would have to reimburse the landlord for all bro...
Account Closed
How to reduce upfront capital on fix and flip using HML?
I am looking to fix and flip my first property in a few months and have been looking at using a hard money lender (HML). For rough numbers I am aiming at 150K for the property and 50K for rehab. With this in mind, I h...
Sada Rafi
whether to pay emergency animal rescue cost?
hi all,
I have a situation where my tenant has found a squirrel in the chimney and called a perfossional to take it out who has charged him $125. Tenant says the screen was ripped and that's how the squirrel got in bu...
Steve S.
How to manage expenses paid for on my behalf by someone else?
I had a family member on one of my rentals make several purchase for a house i bought out of town (but in town for them). The total expenses added up to about $4,000 across several different purchases. Is there anyth...
Edward Adams
Roof Replacement Depreciation
Hii just changed the roof on one of my rental properties. it cost 18K and insurance paid for it and i only paid 1.5K for deductible. do i just depreciate the 1.5K on my tax return or 18K?
Briar Blake
Property Managers Violated Contract
My contract with my property managers requires my approval for any expense over $500. For the second time, an expense for well over $500 has been payed without my consent. It was in response to a potential emergency s...
Nichole Mollica
Reverse Mortgage Short Sale Questions???
I have an executor who would prefer to sell to me rather than pay for listing. The reverse is about 100K over market value in current condition. He wants to be able to pay off the grandchildren named in the will to...
Kedian Jimenez
How to fund a deal with a mortgage already
Hey there bigger pockets!Hope all is well! Just want to come on here and air out some of the challenges my team is facing and wondering what everyone else did when they ran into something like this. We currently have ...
John Cantu
Should I Avoid This Lender?
Hey BP,
A lender reached out to me with what seems to be an attractive loan program. 1-15 year terms, 6 percent starting rates, even 100 percent funding. Only thing that made me hesitate was he requires a 20 percen...
Kevin Mcilnay
Rehab draws with a HML
Okay, I'm having a hard time understanding how draws work with a rehab loan from a hard money lender. The way I understand it is: I have to pay for the work initially. Then I apply for a draw and provide invoices. ...