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Question regarding VA loans. I've never dealt with one before because I work mainly with investors but I am flipping a house I rehabbed and the buyer is getting a VA loan. Here is the issue that I am unfamiliar with, ...
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Need help on evaluating a deal on a motel. I’ve made a list of information to request from the agent, but want to make sure I’m not forgetting anything. Here is what I’ve come up with so far:Gross income/NOI for the l...
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@steve babiak mentioned the joint and several clause in another post and it seemed like a good topic to discuss.
if you don't have this clause in your lease I would strongly recommend it. Here is a definiti...
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Hi, I have received several colleague requests lately that have had greetings in the message box but couldn't tell if there was a question. Everyone needs to know that these initial contacts are very limited and I hav...
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Hello Bigger Pockets Community! I want some varying opinions about the tax deduction for services work completed on a rental property of mine. I had some subcontractor work for a rental of mine and failed to send a 10...
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I would pay double for an HVAC system (plumbing too, for that matter) that is guaranteed to never break down on weekends. I think like 99.5% of my HVAC and plumbing service call requests at rentals occur from 5:01 PM...
Hello everyone, i am new here and I want to discuss my problem with you. 2 years back me and my husband took a loan for some personal reasons. It was taken jointly since both of us are working. It is a fixed rate loan...
Let’s face it—property management fees aren’t cheap. While you may need to hire a property manager if you’re investing out of state or are unable to self-manage your property, these costs can quickly eat into your pro...
A property manager can alleviate the burden of screening tenants, collecting rents, and maintaining your property. But if you’re not careful, exorbitant fees and unexpected charges can quickly eat away at your cash fl...
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I’m a broker in Vieques, PR (zip code 00765) and while sitting in covid lockdown I thought, hey why don’t I start inputting my listings into Bigger Pockets. Lo and behold Puerto Rico is not a valid selection so I sent...