Weston Young
Attic conversion worth it?
Debating on whether finishing the slopedattic of my recently purchased buy and hold triplex is worth it. The attached images show the attic's current condition.The room in the back is insulated and and would require f...
Shannon H.
Which is the most important items to write in a lease?
I have started thinking about writing up my leases so I'm prepared once we purchase our multi family. What phrases have been a safety or the most useful points you have used in your lease?
Amit Desai
Can Second Home be use as Rental Property (AirBNB, VRBO etc)?
Hi,I need some clarification on how does second home loan and investment/vacation rental loan work, because I have seen that mortgage rate for second home and vacation/investment property are different.1) What should ...
Brandon Hall
Cash Gift From Parents Can't Be Used for Investment Purchase?
Hey Folks,I'm in the market for my first property (investment and otherwise) and was on the phone with a loan officer earlier today. The original plan was that my parents would match my cash contribution and classify ...
Herm M.
"You can only flip a property for 20% profit."
What does this apply to? Obviously flipping properties.
But what does it mean?
So if I buy a property for 500k and put no work into it... I can only sell it for 600k? According to which lender's guidelines? Which l...
Ken Boone
Laws/Rules concerning ESAs and STRs
So I don't want to turn this into an argument of whether or not someone should allow pets in their STR. We have decided that we do not allow pets in our STRs. My daughter suffers from severe animal allergies. Now we...
Patrick Fermo
Owner Occupied Loans
Hello Bigger Pockets World:I just read something I thought was interesting, and was hoping the brilliant minds on this website could help me sort it out. The following excerpt is from an article describing the rules s...
David Benton
Legal Way To Raise Private Money On Social Networks
Can someone lay out the guidelines for attracting private money into a deal on social networks that complies with SEC Title II Title III rules? I've read numerous articles and some are ambiguous, contradictory and tou...
David Morrow
The 50% rule - explained (AGAIN!)
Twice today I've seen posts that demonstrate a gross misunderstanding of the 50% rule, so I thought it would behoove me to start yet another thread explaining this concept to my fellow knowledge-seekers.
The misconce...
Stephen Brown
What are your general guidelines for expenses?
Hello all,I know that expenses vary on several factors and are different for every property. For example, you got to call an insurance agency to get a quote, rehab and maintenance will be different based on age, size,...