Hi everyone.I'm an RE newbie so I'd like to pick your brain a bit.I've been looking at multi-family homes for my first investment and I found a good place on the West side of Midtown.The good thing about this duplex i...
HelloI’m curious about what’s the proper verbiage to use in a notice to pay or quit. I assume it would go something like this:As of the writing of this letter, you are in default of your rent payment. You have three d...
I posted this in the new construction forum but got no feedback so I figured I would try here. I have a pretty solid foundation with rehabs as well as how to research plats, home owner records and lien records bu...
Hello Lovely people of Bigger Pockets, Been of the grid for while due to life reasons but I need some help from the people in the DMV area. A family member is looking to replace his current property manager for a pr...
Good day everyone. Im in the process of finding a bank that would allow me to do a cashout refi. Now is there is correct terminology for Cashout refinancing when speaking with a bank? When I was speaking with the loa...
Hello, this is my 1st post on BP. I am planning to buy, rehab and hold my first property. I've found that BP seems to be the best forum, so that's why I'm here:)I'm just going to level with you and let you know that ...
Hi there,
I'm wondering if someone could walk me through a scenario where two people come together to buy a multifamily. One person supplying the majority of the cash and the other person managing the property.
Wha...
If a renter does some repairs or maintenance for you, can you deduct it from their rent on the books? Is this okay to do? Or, do you have to make them pay full rent and then pay them and 1099 them (assuming it is over...
I started a lease on 12/15/2018 and I am the tenant. It is a three-story home and rehabbed in 2018. I am the first tenant since it's been rehabbed. To give you full context, the home is located in a flood zone in Phoe...
I'd like to know if I'm calculating my returns properly when it comes to refinancing. Original purchase and closing come to $27,000. I'm all in at $27,000 and when I refinance I can pull out $20,000, plus to close a...