Wes Brumit
Help explain Wrap with owner financing
I need a good explanation of a Wrap mortgage using owner financing. Can anyone use owner finance? Does credit or actual funds have any bearing on a person/owner that wants to use owner financing.
Nick Heffernan
Redesigning a floor plan
Hi everyone, I recently bought a property with tons of potential near ASU in a beautiful old community. I’m am turning it from a two bed, 1.5 bath to a 3 bed 2 bath, new kitchen, and knocking down some walls to open u...
Oscar Ledezma Vazquez
Recommendations for CPA in southern California that know STR loophole
Hi,
My wife and I both have a W2 job and purchased a vacation home in big bear, CA in late 2022 that is being used as a short term rental. I am looking for a CPA that knows the STR Loophole and can help us with offse...
Pete Bhanshali
Chicago deposit law didn't pay tenant deposit interest (.10 cent)
Hello Everyone,
Running into weird issue, I had a tenant in my condo. As per law I kept the deposit in separate interest bearing account. The Law states I should pay them the interest from the deposit at the end of ...
Tuan Dang
buying flooded property with new walls. Anything i need to know?
Hi Guys, I am looking to purchase my first flooded property. I have found one that looks good for a buy and hold situation. They have already put up new walls do i need to ask anything like proof of no mold prior to p...
Pesi S.
Advice on Biggerpocket's Rental Property Calculator
Hello,Appreciate if someone can please advise and explain the "Annualized Total Return" calculation on Bigger Pockets Rental Property Calculator. In the below example, if i were to sell the property at the end of 5th ...
Daniel Gonzalez
Closing on my first deal and I have a couple questions.
Hi All,I will be closing on my first deal in the coming weeks. I'm closing on a duplex in NJ which I intend to househack. From everything I've read and heard, having the proper systems set up when first starting out i...
Ryan G.
Renovate/Remodel a buy & hold
Hi all!I purchased a brick home foreclosure and have just cleaned it out and gutted the inside of it (it needed it). I have a few questions on my next steps:1. Is it worth it to frame the inside of the exterior walls ...
Robert T.
Office warehouse
Hi DP members: We have a 17,000 sf piece of land on the feeder of a major highway in Houston. Looking to build an office warehouse (with a 1: 9 ratio viz. office: warehouse) and lease out for income stream . Question...
Lisa Lincoln
Rules for vacation rentals?
I'm ready to buy my next vacation rental property in Big Bear Lake/ Arrow Head or Crestline is there any rules I can follow to assure that my numbers work? I'm looking for places on the MLS near the ski slopes. I've ...