Mohammed S.
Appraiser requesting Inspection Report - Should I?
Hi BP members,Need your advice. I am in the final phases of a feasibility period for a 12 unit multi-family Class C property. The appraiser from the bank asked me to send the Inspection Report (which I had gotten done...
Michael Hardler
HH Taxes: 1040 E or 1040 C?
Hello fellow househackers!
Two questions for the group in celebration of tax holiday cheer.
1. Does your tax preparer have you use a 1040 schedule E or 1040 Schedule C?
2. Which portion of the tax code do they ref...
Derek Caffe
Purchasing First Commercial Property - Due Diligence Inspections?
I'm getting ready to purchase my first commercial property with seller financing. It's a commercial garage around 7K sq. ft. which was built in the late 1960's and will be used as a location for my car wash business. ...
Ozzy Smith
Building a business on Bigger Pockets
Hi friends... I need some professional advise. I got my OH realtors license in 2015 simply so I could find and list my own deals. I haven't done a lot with it but recently have decided to change that. I do my own C...
Delmas Edwards
Picking PM
Please comment on what you think about this PM. Do they sound reasonable?
Global Reality
The following will recap our services and fee structure:
• Monthly management fee - $75 per property per month...
Donna Hutchinson
Vetting a Private Money Lender
I am in the process of vetting a private money lender and I want to make sure that it's not a situation that sounds too good to be true. So I need help with the following:
1. Is a down payment typically required?
...
Alexander Churchill
Termites a deal breaker?
Just got the inspection report back on a property I’m currently under contract on. I do have the inspection contingency in tact. The report came back that termite shelter tubes observed in basement sill plate areas of...
Ping Zhang
Will you consider this rental deal if there are 28 safety hazards
This is my first real estate investment deal, SFH, 3b2b, ~1700 sqft, at ~$120K. It is around 100 years old. There are 28 safety hazards, 63 recommendations out of 169 inspected items in the inspection report.
...
Todd Campbell
Mobile Home Park for auction - what should I be thinking about?
I'm looking at a MHP that is for auction. It is small, only 10 sites, with 8 homes owned by the site renters. There is a management company in place (which is a requirement of mine). The MHP is on city sewer and water...
Ashley Atwood
Bigger Pockets Calculator Help
Hi!I'm trying to use the Bigger Pockets Calculator for the first time. I have some small multi family that I'm trying to practice evaluating because that's where I want to invest. Is there someone that can help me fil...