Are both a Promissory Note as well as a Deed of Trust needed for a small private loan (~10% of single-family house cost)? I've gotten two "yes" and two "no" responses regarding the need for a Deed of Trust. All four...
So I had these terrible tenants were apparently selling drugs out of my property in Bend, Oregon (SFH 3bed/1ba). About two months ago I got them to leave and they left the property in pretty good shape. Now I have new...
I had gotten into real estate with the intent of acquiring rental properties and didn't have intentions of flipping. As it turns out, last year I sold a rental property that I had owned for about 10 months and the mo...
I'm getting ready for my first flip project. Is there a rule of thumb of what costs require cash up front vs what can be covered via loans? From what I"ve gathered on a few posts, I believe the hard money loan downpay...
Hello Bigger Pockets -> This community never ceases to amaze me so I will through this out there: I know that syndicating deals to purchase commercial real estate is pretty common. There are a lot of parties and co...
I started doing private lending in 2012 with my Solo 401K. I has been a steady source of income into the retirement account. My CPA states this actions falls under UBIT? I have been led to believe it is not and does n...
Hi all,I want to know if converting a multifamily complex (over 30+) units to condos would create value versus the midwest cap rate for multifamily. Condos aren't really too popular here assume you can convert them t...
In the book "Mobile Home Wealth" the author makes a strong case for collecting payments weekly instead of monthly. You collect 13 months of rent per year (52 weeks vs 48) and are able to spot and react to trouble fast...
Hi everyone, I have a multi family house that I rent out and live in. I signed a lease back in July and during signing my tenant requested we go month to month at the end of the lease and I decided in the moment that ...