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Last year I received a nasty surprise when my Westland, Michigan mortgage jumped $143/month. This was due to the new property tax assessment. Unfortunately this happened just after I re-signed my current tenant for an...
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So I'm negotiating with a seller as a RE agent representing myself. Initially, in this deal and according to MLS Seller buyer agency commission is split 50/50 (ok great)
I submit my offer $9,500 below asking( includ...
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Hi Bigger Pockets,This is my first time posting on the forum. I plan on purchasing my first rental property this year! I plan on going the turnkey route of purchasing out of state property.I had a question on calcul...
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So if you have already gotten the motivated seller to sign the purchase agreement and thats all wrapped up after you 3)Submit the contract to title, i understand. But question : If when the title search comes back and...
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I am looking at purchasing an initial property. I would like to now what the cap rate is for the above area ( New Brunswick, NJ ) so that I can run the numbers for this property and see if it works and is priced corr...
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We are purchasing and rehabbing a short term rental, but need to decide whether to put in our names or in an LLC?Heres the scenario:Married - Husband owns 2 properties (1 long term and 1 short term) and wife owns 2 p...
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Hey BP Community.
I have a property currently under contract with 10 day inspection period. We are using an FHA 203K loan. Does anyone know if the ARV appraisal results are usually available within the inspection per...
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I am curious about what the most ethical and time-tested method for transitioning to a house-hacking situation is when the property you acquire is already at full capacity.What is the best way to navigate the line bet...
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Hi all - my name is Jonathan and I purchased my first home earlier this year and have rented out the spare bedroom ever since I moved in.I work in commercial banking, mostly dealing with C&I and some CRE so over t...
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Morning everyone!My question is in regards to multiple purchases affecting each other in regards to lending. We're in escrow and closing on a condo in FL on October 8th. In the meantime, I'm also shopping for a SFH in...