Brandon Gadish
Increase the probability that a Lender Says "YES" to your short sale offer
Here are some things I do when putting together a short sale that I believe improve my chances of the lender saying "Yes"
1. I write the hardship letter with the seller. I want it to be as personal as possible in a...
Michael Klinger
Ideas on $25K loan for multi-family working captial?
It would be helpful to me at this time, to have about $25K in working capital for work on one of my multi-family properties. This relative to my situation, is a super modest amount of funds. It probably be best as a f...
Bill Scott
Bedroom and a Pool?
I'm looking at a bank owned, 2br Cape Cod for a flip. It's about 60 years old, in very good condition.....except that it looks like the set from "That 70's Show"...orange counter tops, dark cabinets, green carpet, et...
Rick L.
Which Improvements to do/don't do on Fourplex?
Hello all,
I recently purchased my first rental property in the form of a four unit apartment building. I've already made several improvements to the property including new gutters, french drainage system, some mode...
Ayo Odusanya
Primary Conversion, Depreciation Questions
Good morning,
I'm just about to convert a property from a primary to a rental and i had a few questions regarding deprecation.
I purchased the home in 2019 for 295K, and it is now worth $450K. I plan to do a quit c...
Zach Rubin
Property purchase with FHA203K Loan
Helloooo fellow peeps!The wife and I will be looking for our first property purchase in the 1st quarter of 2023 and would like to use a FHA203K loan as our way of finance if a property is in our favor. I understand th...
Wei Jiang
Should we rent or sell a SFH in Fremont CA
We bought the house in 2014 at $830K and moved out in June, 2018. After that we changed that to rental, rented out for one year at $3200 per month, and after that we did remodeling and changed to airbnb. Before remode...
Lonnie Hammond
Ambitious Aspiring Investor
Hello all! I have had an account/profile with Bigger Pockets for a while, yet I never took the time to completely setup my profile or simply seek the "How to Get Started on BiggerPockets.com" guide.
Basically, I have...
Alex Aronson
New Energy Efficiency Ordinance for Rental Property
At my local REIA meeting yesterday, I learned about a City of Memphis, TN proposed ordinance that has me concerned and I want to know if other cities out their have a similar ordinance.
Essentially this ordinance r...
Michael Episcope
Portfolio Managers Forecasted Returns Explained
(Updated version for all BiggerPockets members to enjoy.)If one portfolio manager forecasts a return of 20% on a real estate investment and another one forecasts a return of 15%, which one is the better choice?Answer:...