Hi everyone, beginner landlady here; i am renting out my condo in NJ and found a tenant who is a student. His parents will be his guarantor and i was wondering what documents i should ask from them? Typically from the...
So far I have been working on my business plan following the RE investing guide template on bigger pockets. This is my rough draft up to this point in time. Is this what it should be looking like and does this sound ...
Hello Bigger Pockets! Lifelong Queens resident here. I grew up in Richmond Hill, rented in Astoria for a few years and my wife and I bought our first house last year; a multifamily in Jamaica. We have been living in o...
Hello Forum
I've read and reread about setting up an LLC before buying a property and it's advantages. Just spoke with my CPA and as per her, getting a mortgage on LLCs name has gotten very hard. Is it true? What's th...
Investment Info:
Single-family residence buy & hold investment in Palmyra.
Purchase price: $140,000
Cash invested: $40,000
Sale price: $335,000
My husband and I took a property under contract...
Hello Everyone,
I have heard a lot about using $10,000 of IRA money penalty-free on your first home purchase. I have an interesting question that hopefully one of you can answer. I am currently under an unbreakable...
What the actual heck is going on in some underwriting departments? Does anyone know why a lender, who initial told us we could pull $159,000, then countered with $99,999, then countered again with $20,000 would do thi...
I have a renter asking me how many nights a month a guest can stay the night without being on the lease? I know this probably varies state to state (I’m in Illinois by the way), but is there an average? And is this a ...
Hi everyone
My friend is a landlord and currently has his tenants helping out with some of the administrative property management tasks. In return, he provides these tenants with rent reductions. I wanted to see if a...
We have 24 units and are constantly getting calls that the drip pan is overflowing and unit is not working. When we send a tech out they usually find dirty coils and a dirty filter if there is one at all. I am going t...