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I am starting my business and I am going to use a real estate agent so they can give me comps on the MLS. How do I pay them? Do I give them a commission of my profit and they just get paid through escrow?
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Disclaimer... New Investor, purchased my first duplex this past Sept. Now to my question:I understand the 50% rule and the 1% / 2% rule, what amount to you apply the rule? For example if you purchase a property for...
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Hi all,I'm looking for opinions and advice.I was recently approached about becoming an investor in some properties. I have never owned a home or participated in any real estate ventures. I am a W-2 employee who makes ...
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I've recently completed building 3 houses in Des Moines, IA but I'm getting very little interest in them. They are priced competatively, and a floorplan that has worked great in other nearby markets. My other rental...
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I have a tax basis of $150,000 on a rental property that I am selling. I am under contract to sell the property for $215,000, of which after closing, I will realized $200,000. I have no debt on the property, I own i...
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All,I'm interested to hear any strategies or methods you use to increase revenue. I work for a local investor, and we are brainstorming ways to increase cash flow and revenue in his student housing properties.We are o...
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Hi all, my partner and I plan to grow our current portfolio of 5 units to roughly 25 units over the next 5 years and would like to figure out what the best structure would be to hold the properties from both a liabilt...
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See my BP blog posthttps://www.biggerpockets.com/blogs/8070/51492-why-is-zillow-so-far-off-in-utah-what-is-a-non-disclosure-stateZillow is a great "first pass" data tool, but it is negatively impacted by Utah's status...
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I am getting pulled in all kinds of directions with really knowing if I can purchase a 4 unit as my primary residence with a FHA loan and be able to use the rental income as part of my DTI? Has anyone done this recent...
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Do you make the tenant sign the same lease contract they signed when they moved in? Or some other document that would state that the lease is extended for another two years blah-blah.
Thank you