Jamie Lennox
Do it Yourself Closing on a free property (Allegheny Pittsburgh)
Dear Bigger Pockets community,The Situation: I have contacted an out of town property owner in Pennsylvania who is willing to give the property away if I take on the back taxes. Even with a rehab the ARV would be low ...
Konrad R.
1031 and LLC
I'm just starting out, so I haven't setup my company structure yet. I've read a few people that suggest just putting the properties in your name and then maximizing insurance. I would like to have more protection unde...
Philip Feinstein
Wholesaling In Illinois
Hey All,I’m a new investor looking to build up capital by wholesaling. I currently live in Illinois, Illinoisans that are not agents/brokers are only able to wholesale one property per year. Thought about wholesaling ...
Andrew Polakiewicz
Multi-member LLC signing authority
Forming a multi-member LLC (7-9 members) – how do we handle signing authority for legal documents? Is one authorized signer better than many? What are the pros and cons of each? What is common practice and why. Thank ...
Mel Rosario
location or cash flow
which is better so so location with cash flow, or desirable location but no to little cash flow? I am looking into a property that has a net operating inc of 52K with a cash flow of about 17k per current owner. Owne...
Alex Freelove
NEED HELP on a Non-Arms Length Sale
I am purchasing a house from a friend of a friend not through the MLS and with no realtors. We are in escrow now. We made the deal at $325k and the seller covers $7k in closing costs. The appraisal came back with a va...
Keith Manchester
Tips for renting out rooms
I am about to purchase my first home and plan on taking on renters to help cover mortgage. What are the key this I should do as far as tenant screening, lease options and insurance. Any other tips would be greatly app...
Damian Smith
Please check my numbers on possible rental property
Hello BP community and thanks in advance for all advice and help.Looking at a forclosure that is listed at 16,500 in an area that supports an ARV of 45K. My repair estimate to get to good rental condition is 15K. We...
Roger Leonard
203K Loan Real Estate Commission Issue
So, my friend is closing on a "Officer Next Door" (half price) property via HUD in Los Angeles. The house needed repairs so the standard hud loan did not work. He was placed into a 203k loan. He is about a week from c...
Ryan Shannon
First Deal - Need advice
Hi BP community, I am new to REI, so need a little assistance. I have found what I think could be a great deal on a 4-plex in Georgia, but need help on how to determine the value. Three of the four units are current...