Mercedes D carmouche
Due diligence!!! Where to start? Where to end?
Ok, here is the deal. I am looking at investing in my first income property, three multi buildings and possibly a single family if possible. My dilemma is due diligence. Where to start, and how do I know I have h...
Mike Richards
Delayed Financing Exemption - appraised value or cost?
Say I buy a home on 50+ acres using money from IRA 60 day rule, personal bank loan and maybe a loan from a friend. This would either be a rental or 2nd home. If I separate the house from most of the acreage, and cas...
Spencer Brett
Difficulty in finding 4plex Comps.
A lender that I am considering using for 203k loan told me recently that quadplexes are difficult to purchase and sell due to difficulty in valuing them. His rationale was that the 4 plexes in the area do not sell oft...
Charles Burton
How much is my aunts house worth??
Hello,I am an investor in the Atlanta area and I currently have a property in Cleveland I am trying to sell. The problem is I'm having a hard time determining value. We got it appraised for 28k and had it for sale at ...
Andrew Lin
Self Directed IRA Custodian Recommendations
Hi all,I was wondering if y'all had any recommendations for self-directed IRA custodians?I've seen the big list here on Bigger Pockets, but there are quite a few options on there: https://www.biggerpockets.com/rei/sel...
Brad Simmons
Security deposits, cash reserves, syndication payouts, etc.
Several related questions...Are security deposits considered income when determining NOI? Are they expenses when they are returned? When you buy a property, should the seller turn over those deposits in cash after the...
Simon Obas
How do I make a proper offer?
Hello, I found a triplex for $299,000 and I would like to make an offer. I’d like to know what should I take into consideration for making this offer?
Ed Brady
Water shutoff broken at the street
Hi all,I am in contract on a 3 unit MF, during inspection it was revealed that the main water shutoff in the house was broken. I asked the seller to fix, the seller looked into the repairs, and it was later determ...
Jobey T.
Best ways to find rental rates
Looking to find out what other resources you all use to determine rental rates in an area besides local MLS, zillow, etc? Appreciate the help!
Mark Cooper
Tax question on estate sale of home
My mother passed away last April and I am getting ready to close on sale of her house. I was told by accountant that for next years taxes I will need to know what the value was at the time of my mothers passing. My qu...